Equitrans Midstream (ETRN) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Equitrans Midstream in the last year. There are currently 2 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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 1 year price objectives for Equitrans Midstream's shares. Their ETRN share price forecasts range from $6.00 to $14.00. On average, they anticipate the company's share price to reach $9.69 in the next twelve months. This suggests a possible upside of 3.7% from the stock's current price.
View analysts price targets for ETRN or view top-rated stocks among Wall Street analysts.

Equitrans Midstream's stock was trading at $6.70 on January 1st, 2023. Since then, ETRN shares have increased by 39.6% and is now trading at $9.35.
View the best growth stocks for 2023 here.

Equitrans Midstream saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 13,730,000 shares, a drop of 7.5% from the August 15th total of 14,840,000 shares. Based on an average daily volume of 5,580,000 shares, the short-interest ratio is presently 2.5 days. Approximately 3.2% of the company's shares are short sold.
View Equitrans Midstream's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our ETRN earnings forecast.

Equitrans Midstream Co. (NYSE:ETRN) announced its earnings results on Tuesday, August, 1st. The company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. The firm earned $318.50 million during the quarter, compared to analyst estimates of $311.21 million. Equitrans Midstream had a negative net margin of 18.60% and a positive trailing twelve-month return on equity of 20.49%. The firm's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share.

Equitrans Midstream declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Friday, August 4th will be paid a dividend of $0.15 per share on Monday, August 14th. This represents a $0.60 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date of this dividend is Thursday, August 3rd.
Read our dividend analysis for ETRN.

ETFs with the largest weight of Equitrans Midstream (NYSE:ETRN) stock in their portfolio include Alerian Energy Infrastructure ETF (ENFR), Global X MLP & Energy Infrastructure ETF (MLPX), USCF Midstream Energy Income Fund (UMI), VanEck Energy Income ETF (EINC), Pacer American Energy Independence ETF (USAI), Invesco Dorsey Wright Energy Momentum ETF (PXI), 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 6.29%. 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 shareholders include Capital International Investors (9.77%), State Street Corp (3.48%), BROOKFIELD Corp ON (2.94%), Zimmer Partners LP (2.59%), Geode Capital Management LLC (2.00%) and Dimensional Fund Advisors LP (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.
Compare Top Brokerages Here.

One share of ETRN stock can currently be purchased for approximately $9.35.

Equitrans Midstream (NYSE:ETRN) has a market capitalization of $4.05 billion and generates $1.36 billion in revenue each year. The company earns $-269,340,000.00 in net income (profit) each year or ($0.73) 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.