Zacks: Equitrans Midstream (ETRN) Given Average Recommendation of “Buy” by Analysts

Equitrans Midstream (NASDAQ:ETRN) has earned an average broker rating score of 1.75 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company.

Brokerages have set a 12-month consensus target price of $25.20 for the company, according to Zacks. Zacks has also assigned Equitrans Midstream an industry rank of 106 out of 257 based on the ratings given to its competitors.

Several equities analysts have recently issued reports on the company. LADENBURG THALM/SH SH assumed coverage on Equitrans Midstream in a research report on Monday, November 19th. They issued a “buy” rating and a $26.00 price target for the company. Wolfe Research began coverage on Equitrans Midstream in a research report on Tuesday, November 20th. They issued an “outperform” rating and a $25.00 target price for the company. US Capital Advisors began coverage on Equitrans Midstream in a research report on Wednesday, November 14th. They issued an “overweight” rating for the company. Wells Fargo & Co began coverage on Equitrans Midstream in a research report on Tuesday, November 13th. They issued a “market perform” rating and a $23.00 target price for the company. Finally, Jefferies Financial Group began coverage on Equitrans Midstream in a research report on Friday, November 9th. They issued a “buy” rating for the company.

Shares of ETRN stock traded up $0.37 during mid-day trading on Wednesday, reaching $21.60. 98,749 shares of the company’s stock traded hands, compared to its average volume of 5,928,271. Equitrans Midstream has a 12 month low of $19.50 and a 12 month high of $23.05.

Equitrans Midstream Company Profile

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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