Should I buy or sell Equitrans Midstream stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Equitrans Midstream in the last twelve months. There are currently 2 sell ratings, 3 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 .

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

9 Wall Street analysts have issued 12-month price targets for Equitrans Midstream's shares. Their ETRN share price targets range from $9.00 to $13.00. On average, they anticipate the company's stock price to reach $10.86 in the next year. This suggests that the stock has a possible downside of 11.8%. 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 start of the year. Since then, ETRN stock has increased by 21.0% and is now trading at $12.32. View the best growth stocks for 2024 here .

Are investors shorting Equitrans Midstream?

Equitrans Midstream saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 9,900,000 shares, an increase of 10.4% from the February 14th total of 8,970,000 shares. Based on an average daily trading volume, of 4,500,000 shares, the short-interest ratio is currently 2.2 days. 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, May 7th 2024. View our ETRN earnings forecast .

How were Equitrans Midstream's earnings last quarter?

Equitrans Midstream Co. (NYSE:ETRN) posted its earnings results on Tuesday, February, 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.16. The business earned $360.60 million during the quarter, compared to analyst estimates of $348.04 million. Equitrans Midstream had a trailing twelve-month return on equity of 30.41% and a net margin of 30.89%. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 EPS.

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

Equitrans Midstream announced 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 yield of 4.87%. 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 4.72%. ETRN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 67.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ETRN will have a dividend payout ratio of 53.10% 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 IQ Merger Arbitrage ETF (MNA) , USCF Midstream Energy Income Fund (UMI) , Alerian Energy Infrastructure ETF (ENFR) , Global X MLP & Energy Infrastructure ETF (MLPX) , ProShares Merger ETF (MRGR) , VanEck Energy Income ETF (EINC) , RiverFront Dynamic US Dividend Advantage ETF (RFDA) and Invesco Dorsey Wright Energy Momentum ETF (PXI) .

Who are Equitrans Midstream's major shareholders?

Equitrans Midstream's stock is owned by a number of retail and institutional investors. Top institutional investors include Miller Howard Investments Inc. NY (0.24%), True North Advisors LLC (0.02%), Inscription Capital LLC (0.01%), NBC Securities Inc. (0.01%), IMC Chicago LLC (0.00%) and Mather Group LLC. (0.00%). 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

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$12.29

-0.13 (-1.05%)

(As of 04/16/2024 ET)

Compare

Today's Range: $11.97
▼
$12.40
50-Day Range: $9.94
▼
$12.87
52-Week Range: $4.60
▼
$13.06

Volume: 4.44 million shs
Average Volume: 6.36 million shs
Market Capitalization: $5.36 billion

P/E Ratio: 13.81
Dividend Yield: 4.88%
Price Target: $10.86

Get Equitrans Midstream alerts:

Equitrans Midstream MarketRank™ Stock Analysis

Analyst Rating: Hold
2.22 Rating Score
Upside/Downside: 11.8% Downside
$10.86 Price Target
Short Interest: Healthy
2.18% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -8.32
Upright™ Environmental Score
News Sentiment: 0.21
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 29.89%
From $0.87 to $1.13 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.

3.77 out of 5 stars

Oils/Energy Sector

74th out of 241 stocks

Natural Gas Transmission Industry

3rd 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 2.22, and is based on 4 buy ratings, 3 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
Equitrans Midstream has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.18% 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 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Equitrans Midstream has recently decreased by 4.28%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Equitrans Midstream is a leading dividend payer. It pays a dividend yield of 4.72%, 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 67.42%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Equitrans Midstream will have a dividend payout ratio of 53.10% next year. This indicates that Equitrans Midstream will be able to sustain or increase its dividend.

1.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Equitrans Midstream has received a -29.61% 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 containers" products. See details.
Environmental Sustainability
The Environmental Impact score for Equitrans Midstream is -8.32.

1.8

News and Social Media Coverage

News Sentiment
Equitrans Midstream has a news sentiment score of 0.21. 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 lower news sentiment than the 0.57 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Equitrans Midstream this week, compared to 6 articles on an average week.
Search Interest
Only 5 people have searched for ETRN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
7 people have added Equitrans Midstream to their MarketBeat watchlist in the last 30 days. This is an increase of 17% 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 0.74% of the stock of Equitrans Midstream is held by insiders.
Percentage Held by Institutions
87.35% of the stock of Equitrans Midstream is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Equitrans Midstream are expected to grow by 29.89% in the coming year, from $0.87 to $1.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Equitrans Midstream is 13.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Equitrans Midstream is 13.84, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 19.06.
Price to Earnings Growth Ratio
Equitrans Midstream has a PEG Ratio of 1.69. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Equitrans Midstream has a P/B Ratio of 3.54. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Equitrans Midstream Stock (NYSE:ETRN)

Equitrans Midstream Corporation owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company operates through Gathering, Transmission, and Water segments. It operates dry gas gathering systems of high-pressure gathering lines and FERC-regulated interstate pipelines and storage systems. In addition, the company operates 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

April 12, 2024 | americanbankingnews.com

Equitrans Midstream (NYSE:ETRN) Sets New 1-Year High at $12.95

April 11, 2024 | msn.com

Analyst Sees Volatile Future for North American Gas Prices, Upgrades Most Impacted Stock

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April 10, 2024 | americanbankingnews.com

Equitrans Midstream Sees Unusually High Options Volume (NYSE:ETRN)

April 9, 2024 | bizjournals.com

State slaps Equitrans with $1.1M civil penalty over Rager Mountain gas release

April 9, 2024 | americanbankingnews.com

Equitrans Midstream Co. (NYSE:ETRN) Receives Average Recommendation of "Hold" from Brokerages

April 6, 2024 | americanbankingnews.com

Equitrans Midstream (NYSE:ETRN) Hits New 1-Year High at $12.76

April 1, 2024 | nasdaq.com

ETRN Quantitative Stock Analysis - Martin Zweig

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March 13, 2024 | benzinga.com

EQT Stock Downgraded Despite Merger News: Analyst Says Hold Your Horses

March 12, 2024 | businesswire.com

EQUITRANS MIDSTREAM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Equitrans Midstream Corporation - ETRN

March 12, 2024 | msn.com

Fear & Greed Index Remains In 'Greed' Zone Ahead Of Inflation Data; S&P 500 Falls For 2nd Session

March 11, 2024 | msn.com

M & A News: EQT to Acquire Equitrans in Mega Deal

March 11, 2024 | seekingalpha.com

Equitrans Midstream: Long Suffering Is About To End Thanks To EQT

March 11, 2024 | prnewswire.com

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Equitrans Midstream Corporation

March 11, 2024 | msn.com

Top Stock Movers Now: MicroStrategy, EQT, Bally's, and More

March 11, 2024 | finance.yahoo.com

Equitrans Midstream Corporation: Equitrans: EQT Acquisition Would Be Respectable Outcome for ETRN Shareholders

March 11, 2024 | axios.com

EQT to buy Equitrans in the next huge U.S. gas deal

March 11, 2024 | msn.com

EQT to buy Equitrans Midstream as natural gas prices languish near decade lows

March 11, 2024 | finance.yahoo.com

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March 11, 2024 | finance.yahoo.com

US STOCKS-Wall St eases as investors await inflation data

March 11, 2024 | investopedia.com

EQT Buys Equitrans Midstream To Expand Its Natural Gas Operations

March 11, 2024 | fool.com

Why EQT Stock Is Losing Gas Today

March 11, 2024 | msn.com

EQT to Take Back Equitrans Midstream Creating $35 Billion Firm in All-Stock Deal

March 11, 2024 | msn.com

Why EQT & Equitrans Midstream Shares Are Moving Premarket Monday

March 11, 2024 | za.investing.com

Equitrans Midstream shares pop on reports of a $5.5bn merger with EQT Corp.

March 11, 2024 | msn.com

EQT to buy Mountain Valley Pipeline owner Equitrans in all-stock deal

See More Headlines

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Company Calendar

Ex-Dividend for 2/14 Dividend: 2/05/2024
Dividend Payable: 2/14/2024
Last Earnings: 2/20/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/07/2024
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: 773
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $10.86
High Stock Price Target: $13.00
Low Stock Price Target: $9.00
Potential Upside/Downside: -11.8%
Consensus Rating: Hold
Rating Score (0-4): 2.22
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.89
Trailing P/E Ratio: 13.84
Forward P/E Ratio: 14.16
P/E Growth: 1.69
Net Income: $445.23 million
Net Margins: 30.89%
Pretax Margin: 31.27%
Return on Equity: 30.41%
Return on Assets: 4.03%

Debt

Debt-to-Equity Ratio: 4.83
Current Ratio: 0.76
Quick Ratio: 0.76

Sales & Book Value

Annual Sales: $1.39 billion
Price / Sales: 3.86
Cash Flow: $1.79 per share
Price / Cash Flow: 6.87
Book Value: $3.48 per share
Price / Book: 3.54

Miscellaneous

Outstanding Shares: 436,240,000
Free Float: 433,017,000
Market Cap: $5.37 billion
Optionable: Optionable
Beta: 1.97

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Key Executives

Mr. Thomas F. Karam (Age 65)
Executive Chairman
Comp: $10.09M
Ms. Diana M. Charletta (Age 51)
CEO, President & Director
Comp: $1.51M
Mr. Kirk R. Oliver (Age 66)
Executive VP & CFO
Comp: $1.45M
Mr. Brian P. Pietrandrea (Age 48)
VP & Chief Accounting Officer
Comp: $600.52k
Mr. Stephen M. Moore (Age 65)
Executive VP & Chief legal Officer
Comp: $1.23M
Ms. Natalie A. Cox
Director of Communications & Corporate Affairs
Mr. Nathan P. Tetlow (Age 46)
Senior Vice President of Commercial Services
Mr. Justin Macken (Age 44)
Executive Vice President of Pipeline Operations & Project Execution
Nathaniel D. DeRose
Deputy General Counsel & Corporate Secretary
Janice Brenner
Treasurer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ETRN Stock Analysis - Frequently Asked Questions

Should I buy or sell Equitrans Midstream stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Equitrans Midstream in the last twelve months. There are currently 2 sell ratings, 3 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.
What is Equitrans Midstream's stock price target for 2024?: 9 Wall Street analysts have issued 12-month price targets for Equitrans Midstream's shares. Their ETRN share price targets range from $9.00 to $13.00. On average, they anticipate the company's stock price to reach $10.86 in the next year. This suggests that the stock has a possible downside of 11.8%.
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 start of the year. Since then, ETRN stock has increased by 21.0% and is now trading at $12.32.
View the best growth stocks for 2024 here.
Are investors shorting Equitrans Midstream?: Equitrans Midstream saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 9,900,000 shares, an increase of 10.4% from the February 14th total of 8,970,000 shares. Based on an average daily trading volume, of 4,500,000 shares, the short-interest ratio is currently 2.2 days.
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, May 7th 2024.
View our ETRN earnings forecast.
How were Equitrans Midstream's earnings last quarter?: Equitrans Midstream Co. (NYSE:ETRN) posted its earnings results on Tuesday, February, 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.16. The business earned $360.60 million during the quarter, compared to analyst estimates of $348.04 million. Equitrans Midstream had a trailing twelve-month return on equity of 30.41% and a net margin of 30.89%. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 EPS.

How often does Equitrans Midstream pay dividends? What is the dividend yield for Equitrans Midstream?: Equitrans Midstream announced 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 yield of 4.87%. 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 4.72%. ETRN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 67.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ETRN will have a dividend payout ratio of 53.10% 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 IQ Merger Arbitrage ETF (MNA), USCF Midstream Energy Income Fund (UMI), Alerian Energy Infrastructure ETF (ENFR), Global X MLP & Energy Infrastructure ETF (MLPX), ProShares Merger ETF (MRGR), VanEck Energy Income ETF (EINC), RiverFront Dynamic US Dividend Advantage ETF (RFDA) and Invesco Dorsey Wright Energy Momentum ETF (PXI).
Who are Equitrans Midstream's major shareholders?: Equitrans Midstream's stock is owned by a number of retail and institutional investors. Top institutional investors include Miller Howard Investments Inc. NY (0.24%), True North Advisors LLC (0.02%), Inscription Capital LLC (0.01%), NBC Securities Inc. (0.01%), IMC Chicago LLC (0.00%) and Mather Group LLC. (0.00%). 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 4/16/2024 by MarketBeat.com Staff

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Equitrans Midstream (ETRN) Stock Price, News & Analysis

Equitrans Midstream MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Equitrans Midstream Stock (NYSE:ETRN)

ETRN Stock Price History

ETRN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

ETRN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™