Equitrans Midstream Co. (NYSE:ETRN) Receives Consensus Recommendation of “Hold” from Brokerages
From MarketBeat:
Equitrans Midstream (NYSE:ETRN) has been rated “Hold” by analysts, with two sell ratings, four holds, and four buys. The average 12-month price target is $10.42. The company’s Q3 earnings report indicated that ETRN is projected to post 0.67 earnings per share for the full year. They also announced a $0.15 quarterly dividend.
The stock is currently at $10.18 with a market capitalization of $4.41 billion. ETRN’s 52-week range is $4.60-$10.48, and it has a P/E ratio of 13.95 and a PEG ratio of 0.68. It registered $338.51 million in revenue for the quarter.
Equitrans Midstream operates three segments: Gathering, Transmission, and Water. It possesses high-pressure gas gathering lines, FERC-regulated interstate pipelines and storage systems, and water pipelines that bring in fresh water from various local sources. Additionally, 86.68% of the company is owned by institutional investors and hedge funds.
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