Equitrans Midstream (ETRN) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Equitrans Midstream in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ETRN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ETRN, but not buy additional shares or sell existing shares.
View ETRN analyst ratings or view top-rated stocks.

10 brokerages have issued 12 month price targets for Equitrans Midstream's shares. Their ETRN share price forecasts range from $6.00 to $14.00. On average, they anticipate the company's stock price to reach $8.84 in the next twelve months. This suggests that the stock has a possible downside of 7.1%.
View analysts price targets for ETRN or view top-rated stocks among Wall Street analysts.

Equitrans Midstream's stock was trading at $6.70 at the beginning of the year. Since then, ETRN stock has increased by 42.1% and is now trading at $9.52.
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Equitrans Midstream saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 16,570,000 shares, a decrease of 5.3% from the April 30th total of 17,500,000 shares. Based on an average daily volume of 6,160,000 shares, the days-to-cover ratio is currently 2.7 days. Approximately 3.9% of the shares of the company are sold short.
View Equitrans Midstream's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our ETRN earnings forecast.

Equitrans Midstream Co. (NYSE:ETRN) released its earnings results on Tuesday, May, 2nd. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. The firm earned $376.30 million during the quarter, compared to analyst estimates of $360.73 million. Equitrans Midstream had a positive trailing twelve-month return on equity of 18.92% and a negative net margin of 18.27%. Equitrans Midstream's revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.14 earnings per share.

Equitrans Midstream announced a quarterly dividend on Tuesday, April 25th. Shareholders of record on Friday, May 5th will be given a dividend of $0.15 per share on Monday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend is Thursday, May 4th.
Read our dividend analysis for ETRN.

ETFs with the largest weight of Equitrans Midstream (NYSE:ETRN) stock in their portfolio include ASYMmetric Smart Alpha S&P 500 ETF (ZSPY), Alerian Energy Infrastructure ETF (ENFR), Pacer American Energy Independence ETF (USAI), USCF Midstream Energy Income Fund (UMI), Global X MLP & Energy Infrastructure ETF (MLPX), VanEck Energy Income ETF (EINC), RiverFront Dynamic US Dividend Advantage ETF (RFDA) and VanEck Morningstar SMID Moat ETF (SMOT).

Equitrans Midstream (NYSE:ETRN) pays an annual dividend of $0.60 per share and currently has a dividend yield of 6.32%. ETRN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for ETRN.

Equitrans Midstream trades on the New York Stock Exchange (NYSE) under the ticker symbol "ETRN."

Equitrans Midstream's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.15%), Zimmer Partners LP (5.14%), State Street Corp (3.51%), Price T Rowe Associates Inc. MD (3.07%), Brookfield Corp ON (2.99%) and Geode Capital Management LLC (1.86%). Insiders that own company stock include Kirk R Oliver and Vicky A Bailey.
View institutional ownership trends.

Shares of ETRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ETRN stock can currently be purchased for approximately $9.52.

Equitrans Midstream (NYSE:ETRN) has a market capitalization of $4.12 billion and generates $1.36 billion in revenue each year. The company earns $-269,340,000.00 in net income (profit) each year or ($0.72) on an earnings per share basis.

The company employs 766 workers across the globe.

Equitrans Midstream's mailing address is 2200 ENERGY DRIVE, CANONSBURG PA, 15317. The official website for the company is www.equitransmidstream.com. The company can be reached via phone at (724) 271-7600 or via email at ntetlow@equitransmidstream.com.