Equitrans Midstream (NASDAQ:ETRN) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $24.00.

Several research analysts have weighed in on ETRN shares. LADENBURG THALM/SH SH started coverage on shares of Equitrans Midstream in a research note on Monday, November 19th. They set a “buy” rating and a $26.00 target price for the company. Zacks Investment Research raised shares of Equitrans Midstream from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, January 9th. Barclays started coverage on shares of Equitrans Midstream in a research note on Friday, December 7th. They set an “equal weight” rating and a $23.00 target price for the company. US Capital Advisors lowered shares of Equitrans Midstream from an “overweight” rating to a “hold” rating in a research note on Friday, January 4th. Finally, Credit Suisse Group started coverage on shares of Equitrans Midstream in a research note on Friday, December 14th. They set a “neutral” rating and a $25.00 target price for the company.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Canton Hathaway LLC purchased a new position in shares of Equitrans Midstream in the fourth quarter valued at approximately $26,000. JFS Wealth Advisors LLC purchased a new position in shares of Equitrans Midstream in the fourth quarter valued at approximately $30,000. Caption Management LLC purchased a new position in shares of Equitrans Midstream in the fourth quarter valued at approximately $40,000. Van ECK Associates Corp purchased a new position in shares of Equitrans Midstream in the fourth quarter valued at approximately $42,000. Finally, Whittier Trust Co. purchased a new position in shares of Equitrans Midstream in the fourth quarter valued at approximately $44,000.

Shares of ETRN stock opened at $20.19 on Friday. Equitrans Midstream has a 1-year low of $17.63 and a 1-year high of $23.47.

Equitrans Midstream (NASDAQ:ETRN) last announced its earnings results on Thursday, February 14th. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.28. The company had revenue of $384.79 million for the quarter, compared to analysts’ expectations of $380.20 million.

The firm also recently disclosed a special dividend, which was paid on Wednesday, February 27th. Stockholders of record on Friday, February 15th were paid a $0.41 dividend. The ex-dividend date was Thursday, February 14th.

About Equitrans Midstream

Equitrans Midstream Corp. is a wholly-owned subsidiary of EQT. It doesn’t have business operations. The company was founded on February 21, 2018 and is headquartered in Canonsburg, PA.

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Analyst Recommendations for Equitrans Midstream (NASDAQ:ETRN)

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