Equitrans Midstream (ETRN) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Equitrans Midstream in the last twelve months. There are currently 1 sell rating, 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.

9 Wall Street analysts have issued twelve-month price targets for Equitrans Midstream's stock. Their ETRN share price forecasts range from $6.00 to $14.00. On average, they expect the company's share price to reach $9.69 in the next year. This suggests a possible upside of 0.8% 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 43.6% and is now trading at $9.62.
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 trading volume of 5,580,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.2% of the company's shares are sold short.
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) released its earnings results on Tuesday, August, 1st. The company reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. The firm had revenue of $318.50 million for the quarter, compared to analyst estimates of $311.21 million. Equitrans Midstream had a positive trailing twelve-month return on equity of 20.49% and a negative net margin of 18.60%. The business's revenue was down 3.1% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS.

Equitrans Midstream declared a quarterly dividend on Wednesday, July 26th. Investors of record on Friday, August 4th will be given a dividend of $0.15 per share on Monday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 6.24%. 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 6.30%. 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 many different retail and institutional 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.
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One share of ETRN stock can currently be purchased for approximately $9.62.

Equitrans Midstream (NYSE:ETRN) has a market capitalization of $4.17 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.