Should I buy or sell Equitrans Midstream stock right now?

10 Wall Street equities 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 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 .

What is Equitrans Midstream's stock price target for 2024?

10 Wall Street research analysts have issued 12-month target prices for Equitrans Midstream's shares. Their ETRN share price targets range from $6.00 to $13.00. On average, they anticipate the company's stock price to reach $10.42 in the next twelve months. This suggests a possible upside of 2.3% from the stock's current price. View analysts price targets for ETRN or view top-rated stocks among Wall Street analysts .

How have ETRN shares performed in 2024?

Equitrans Midstream's stock was trading at $10.18 at the beginning of 2024. Since then, ETRN shares have increased by 0.0% and is now trading at $10.18. View the best growth stocks for 2024 here .

Are investors shorting Equitrans Midstream?

Equitrans Midstream saw a increase in short interest in January. As of January 15th, there was short interest totaling 11,560,000 shares, an increase of 13.0% from the December 31st total of 10,230,000 shares. Based on an average daily trading volume, of 4,150,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.7% of the shares of the stock are short sold. View Equitrans Midstream's Short Interest .

When is Equitrans Midstream's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024. View our ETRN earnings forecast .

How can I listen to Equitrans Midstream's earnings call?

Equitrans Midstream will be holding an earnings conference call on Tuesday, February 20th at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "6625542".

How were Equitrans Midstream's earnings last quarter?

Equitrans Midstream Co. (NYSE:ETRN) released its quarterly earnings data on Tuesday, August, 1st. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $318.50 million for the quarter, compared to analysts' expectations of $311.21 million. Equitrans Midstream had a trailing twelve-month return on equity of 25.29% and a net margin of 26.09%. The business's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 EPS.

How often does Equitrans Midstream pay dividends? What is the dividend yield for Equitrans Midstream?

Equitrans Midstream declared a quarterly dividend on Tuesday, January 23rd. Investors of record on Tuesday, February 6th will be given a dividend of $0.15 per share on Wednesday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 5.89%. The ex-dividend date is Monday, February 5th. Read our dividend analysis for ETRN .

Is Equitrans Midstream a good dividend stock?

Equitrans Midstream (NYSE:ETRN) pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.89%. ETRN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 82.19%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ETRN will have a dividend payout ratio of 66.67% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ETRN .

What ETFs hold Equitrans Midstream's stock?

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) , RiverFront Dynamic US Dividend Advantage ETF (RFDA) , Invesco Dorsey Wright Energy Momentum ETF (PXI) and VanEck Morningstar SMID Moat ETF (SMOT) .

Who are Equitrans Midstream's major shareholders?

Equitrans Midstream's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (2.02%), Norges Bank (1.14%), Mirae Asset Global Investments Co. Ltd. (0.93%), Charles Schwab Investment Management Inc. (0.90%), Jennison Associates LLC (0.52%) and Eagle Global Advisors LLC (0.46%). Insiders that own company stock include Kirk R Oliver and Vicky A Bailey . View institutional ownership trends .

How do I buy shares of Equitrans Midstream?

Shares of ETRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:ETRN

Equitrans Midstream (ETRN) Stock Price, News & Analysis

$10.18

-0.05 (-0.49%)

(As of 02/9/2024 08:56 PM ET)

Compare

Today's Range: $10.15
▼
$10.36
50-Day Range: $9.79
▼
$10.91
52-Week Range: $4.60
▼
$11.00

Volume: 4.22 million shs
Average Volume: 3.78 million shs
Market Capitalization: $4.41 billion

P/E Ratio: 13.95
Dividend Yield: 5.89%
Price Target: $10.42

Get Equitrans Midstream alerts:

Equitrans Midstream MarketRank™ Stock Analysis

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 2.3% Upside
$10.42 Price Target
Short Interest: Healthy
2.68% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -8.92
Upright™ Environmental Score
News Sentiment: 1.18
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 34.33%
From $0.67 to $0.90 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.33 out of 5 stars

Oils/Energy Sector

64th out of 236 stocks

Natural Gas Transmission Industry

4th out of 18 stocks

1.1

Analyst's Opinion

Consensus Rating
Equitrans Midstream has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 4 buy ratings, 4 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.42, Equitrans Midstream has a forecasted upside of 2.3% from its current price of $10.18.
Amount of Analyst Coverage
Equitrans Midstream has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.68% of the float of Equitrans Midstream has been sold short.
Short Interest Ratio / Days to Cover
Equitrans Midstream has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Equitrans Midstream has recently increased by 13.00%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Leadership
Equitrans Midstream is a leading dividend payer. It pays a dividend yield of 5.89%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Equitrans Midstream does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Equitrans Midstream is 82.19%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Equitrans Midstream will have a dividend payout ratio of 66.67% next year. This indicates that Equitrans Midstream will be able to sustain or increase its dividend.

1.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Equitrans Midstream has received a -37.46% net impact score from Upright. The largest negative impact of Equitrans Midstream in category "GHG emissions" seems to be driven mostly by its "Natural gas transfer pump maintenance", "Natural gas pipes", and "Natural gas pipe maintenance" products. See details.
Environmental Sustainability
The Environmental Impact score for Equitrans Midstream is -8.92.

3.4

News and Social Media Coverage

News Sentiment
Equitrans Midstream has a news sentiment score of 1.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Equitrans Midstream this week, compared to 5 articles on an average week.
Search Interest
Only 9 people have searched for ETRN on MarketBeat in the last 30 days. This is a decrease of -53% compared to the previous 30 days.
MarketBeat Follows
5 people have added Equitrans Midstream to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Equitrans Midstream insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.52% of the stock of Equitrans Midstream is held by insiders.
Percentage Held by Institutions
86.68% of the stock of Equitrans Midstream is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Equitrans Midstream are expected to grow by 34.33% in the coming year, from $0.67 to $0.90 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Equitrans Midstream is 13.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of Equitrans Midstream is 13.95, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 14.15.
Price to Earnings Growth Ratio
Equitrans Midstream has a PEG Ratio of 0.51. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Equitrans Midstream has a P/B Ratio of 3.16. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Equitrans Midstream Stock (NYSE:ETRN)

Equitrans Midstream Corporation owns, operates, acquires, and develops midstream assets in the Appalachian Basin. It operates through three segments: Gathering, Transmission, and Water. The company operates dry gas gathering systems of high-pressure gathering lines; FERC-regulated interstate pipelines and storage systems; and water pipelines and other facilities that deliver fresh water from local municipal water authorities, the Monongahela River, the Ohio River, local reservoirs, and several regional waterways. Equitrans Midstream Corporation was incorporated in 2018 and is headquartered in Canonsburg, Pennsylvania.

ETRN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ETRN Stock News Headlines

February 8, 2024 | markets.businessinsider.com

RBC Capital Sticks to Its Buy Rating for Equitrans Midstream (ETRN)

February 5, 2024 | finance.yahoo.com

Equitrans Midstream Q4 / Full-Year 2023 Earnings and Conference Call

February 12, 2024 | Behind the Markets (Ad)

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February 5, 2024 | finance.yahoo.com

Equitrans Midstream Corp's Dividend Analysis

January 31, 2024 | finance.yahoo.com

Don't Buy Equitrans Midstream Corporation (NYSE:ETRN) For Its Next Dividend Without Doing These Checks

January 30, 2024 | finance.yahoo.com

Has Equitrans Midstream (ETRN) Outpaced Other Oils-Energy Stocks This Year?

January 30, 2024 | morningstar.com

Equitrans Midstream Corp ETRN

January 28, 2024 | finance.yahoo.com

Equitrans Midstream Corporation (NYSE:ETRN) is a favorite amongst institutional investors who own 89%

February 12, 2024 | The Oxford Club (Ad)

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January 25, 2024 | finance.yahoo.com

ETRN vs. WHD: Which Stock Should Value Investors Buy Now?

January 23, 2024 | finance.yahoo.com

Equitrans Midstream Announces Quarterly Dividends

January 6, 2024 | seekingalpha.com

Equitrans Midstream: Could Be The 'MVP' Of Your Portfolio

January 5, 2024 | bizjournals.com

Mountain Valley Pipeline makes fast work after improved weather

January 2, 2024 | bizjournals.com

Equitrans Midstream scales back plans for Mountain Valley Pipeline extension

December 19, 2023 | finance.yahoo.com

Sinking Natural Gas Prices Aren't Stopping The IBD Stock Of The Day From Nearing Buy Point

December 18, 2023 | finance.yahoo.com

Investors Appear Satisfied With Equitrans Midstream Corporation's (NYSE:ETRN) Prospects

December 14, 2023 | msn.com

Wells Fargo Downgrades Equitrans Midstream (ETRN)

December 4, 2023 | markets.businessinsider.com

Hold Rating for Equitrans Midstream Amid Flat Growth Prospects and Potential Acquisition Scenarios

December 3, 2023 | seekingalpha.com

Equitrans Midstream jumps on report of review of potential sale

December 1, 2023 | finance.yahoo.com

Equitrans in early stages of discussing asset sale - Bloomberg News

December 1, 2023 | finance.yahoo.com

Mountain Valley Pipeline Owner Explores Options Including Sale

November 30, 2023 | markets.businessinsider.com

Maintaining Buy Rating for Equitrans Midstream on Mountain Valley Pipeline Progress

November 14, 2023 | finance.yahoo.com

Investors in Equitrans Midstream (NYSE:ETRN) have unfortunately lost 33% over the last five years

November 2, 2023 | finance.yahoo.com

Equitrans Midstream Assures Investors on New Timeline for MVP

November 1, 2023 | bizjournals.com

State attorney general charges Equitrans in connection with house explosion

November 1, 2023 | finance.yahoo.com

Equitrans Midstream Corporation (NYSE:ETRN) Q3 2023 Earnings Call Transcript

November 1, 2023 | finance.yahoo.com

MRO or ETRN: Which Is the Better Value Stock Right Now?

See More Headlines

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Company Calendar

Last Earnings: 8/01/2023
Ex-Dividend for 11/14 Dividend: 11/02/2023
Dividend Payable: 11/14/2023
Ex-Dividend for 2/14 Dividend: 2/05/2024
Today: 2/11/2024
Dividend Payable: 2/14/2024
Next Earnings (Confirmed): 2/20/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Natural gas transmission
Sub-Industry: N/A
Current Symbol: NYSE:ETRN
CUSIP: N/A
CIK: 1747009
Web: www.equitransmidstream.com
Phone: (724) 271-7600
Fax: N/A
Employees: 766
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $10.42
High Stock Price Target: $13.00
Low Stock Price Target: $6.00
Potential Upside/Downside: +2.3%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.73
Trailing P/E Ratio: 13.95
Forward P/E Ratio: 15.19
P/E Growth: 0.51
Net Income: $-269,340,000.00
Net Margins: 26.09%
Pretax Margin: 26.73%
Return on Equity: 25.29%
Return on Assets: 3.39%

Debt

Debt-to-Equity Ratio: 4.67
Current Ratio: 0.75
Quick Ratio: 0.75

Sales & Book Value

Annual Sales: $1.36 billion
Price / Sales: 3.25
Cash Flow: $1.37 per share
Price / Cash Flow: 7.42
Book Value: $3.22 per share
Price / Book: 3.16

Miscellaneous

Outstanding Shares: 433,260,000
Free Float: 431,008,000
Market Cap: $4.41 billion
Optionable: Optionable
Beta: 1.95

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Key Executives

Mr. Thomas F. Karam (Age 65)
Executive Chairman
Comp: $2.4M
Ms. Diana M. Charletta (Age 50)
CEO, President & Director
Comp: $1.36M
Mr. Kirk R. Oliver (Age 66)
Executive VP & CFO
Comp: $1.31M
Mr. Brian P. Pietrandrea (Age 48)
VP & Chief Accounting Officer
Comp: $523.74k
Mr. Stephen M. Moore (Age 65)
Executive VP & Chief legal Officer
Comp: $1.02M
Ms. Natalie A. Cox
Director of Communications & Corporate Affairs
Mr. Nathan Tetlow
Senior Vice President of Commercial Services
Mr. Justin Macken
Executive Vice President of Pipeline Operations & Project Execution
Nathaniel D. DeRose
Deputy General Counsel & Corporate Secretary
Janice Brenner
Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ETRN Stock Analysis - Frequently Asked Questions

Should I buy or sell Equitrans Midstream stock right now?: 10 Wall Street equities 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 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.
What is Equitrans Midstream's stock price target for 2024?: 10 Wall Street research analysts have issued 12-month target prices for Equitrans Midstream's shares. Their ETRN share price targets range from $6.00 to $13.00. On average, they anticipate the company's stock price to reach $10.42 in the next twelve months. This suggests a possible upside of 2.3% from the stock's current price.
View analysts price targets for ETRN or view top-rated stocks among Wall Street analysts.
How have ETRN shares performed in 2024?: Equitrans Midstream's stock was trading at $10.18 at the beginning of 2024. Since then, ETRN shares have increased by 0.0% and is now trading at $10.18.
View the best growth stocks for 2024 here.
Are investors shorting Equitrans Midstream?: Equitrans Midstream saw a increase in short interest in January. As of January 15th, there was short interest totaling 11,560,000 shares, an increase of 13.0% from the December 31st total of 10,230,000 shares. Based on an average daily trading volume, of 4,150,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.7% of the shares of the stock are short sold.
View Equitrans Midstream's Short Interest.
When is Equitrans Midstream's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our ETRN earnings forecast.
How can I listen to Equitrans Midstream's earnings call?: Equitrans Midstream will be holding an earnings conference call on Tuesday, February 20th at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "6625542".

How were Equitrans Midstream's earnings last quarter?: Equitrans Midstream Co. (NYSE:ETRN) released its quarterly earnings data on Tuesday, August, 1st. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $318.50 million for the quarter, compared to analysts' expectations of $311.21 million. Equitrans Midstream had a trailing twelve-month return on equity of 25.29% and a net margin of 26.09%. The business's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 EPS.
How often does Equitrans Midstream pay dividends? What is the dividend yield for Equitrans Midstream?: Equitrans Midstream declared a quarterly dividend on Tuesday, January 23rd. Investors of record on Tuesday, February 6th will be given a dividend of $0.15 per share on Wednesday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 5.89%. The ex-dividend date is Monday, February 5th.
Read our dividend analysis for ETRN.
Is Equitrans Midstream a good dividend stock?: Equitrans Midstream (NYSE:ETRN) pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.89%. ETRN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 82.19%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ETRN will have a dividend payout ratio of 66.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ETRN.
What ETFs hold Equitrans Midstream's stock?: 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), RiverFront Dynamic US Dividend Advantage ETF (RFDA), Invesco Dorsey Wright Energy Momentum ETF (PXI) and VanEck Morningstar SMID Moat ETF (SMOT).
Who are Equitrans Midstream's major shareholders?: Equitrans Midstream's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (2.02%), Norges Bank (1.14%), Mirae Asset Global Investments Co. Ltd. (0.93%), Charles Schwab Investment Management Inc. (0.90%), Jennison Associates LLC (0.52%) and Eagle Global Advisors LLC (0.46%). Insiders that own company stock include Kirk R Oliver and Vicky A Bailey.
View institutional ownership trends.
How do I buy shares of Equitrans Midstream?: Shares of ETRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ETRN) was last updated on 2/12/2024 by MarketBeat.com Staff

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