Equitrans Midstream (ETRN) Rating Reiterated by Barclays

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Barclays reissued their hold rating on shares of Equitrans Midstream (NASDAQ:ETRN) in a report published on Monday. The firm currently has a $21.00 target price on the stock.

Several other research firms also recently commented on ETRN. Zacks Investment Research downgraded shares of Equitrans Midstream from a buy rating to a sell rating in a research report on Tuesday, February 5th. Wells Fargo & Co started coverage on shares of Equitrans Midstream in a research report on Tuesday, November 13th. They set a market perform rating and a $23.00 price objective for the company. US Capital Advisors downgraded shares of Equitrans Midstream from an overweight rating to a hold rating in a research report on Friday, January 4th. Wolfe Research started coverage on shares of Equitrans Midstream in a research report on Tuesday, November 20th. They set an outperform rating and a $25.00 price objective for the company. Finally, LADENBURG THALM/SH SH started coverage on shares of Equitrans Midstream in a research report on Monday, November 19th. They set a buy rating and a $26.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $23.83.

ETRN stock opened at $19.88 on Monday. Equitrans Midstream has a 12 month low of $17.63 and a 12 month high of $23.47.

Equitrans Midstream (NASDAQ:ETRN) last released its quarterly earnings results on Thursday, February 14th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.34 by $0.28. The business had revenue of $384.79 million during the quarter, compared to analysts’ expectations of $380.20 million.

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

A number of institutional investors have recently made changes to their positions in the business. Canton Hathaway LLC acquired a new position in shares of Equitrans Midstream during the 4th quarter worth $26,000. JFS Wealth Advisors LLC acquired a new position in shares of Equitrans Midstream during the 4th quarter worth $30,000. Caption Management LLC acquired a new position in shares of Equitrans Midstream during the 4th quarter worth $40,000. Van ECK Associates Corp acquired a new position in shares of Equitrans Midstream during the 4th quarter worth $42,000. Finally, Whittier Trust Co. acquired a new position in shares of Equitrans Midstream during the 4th quarter worth $44,000.

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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