Equitrans Midstream (ETRN) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Equitrans Midstream (NASDAQ:ETRN) from a hold rating to a buy rating in a research note published on Wednesday. Zacks Investment Research currently has $23.00 price target on the stock.

According to Zacks, “Equitrans Midstream Corporation owns, operates, acquires and develops midstream assets primarily in the Appalachian Basin. It manages natural gas transmission, storage and gathering systems, as well as high-and low-pressure gathering lines. Equitrans Midstream Corporation is based in Pittsburgh, United States. “

Other equities research analysts have also issued research reports about the company. LADENBURG THALM/SH SH started coverage on Equitrans Midstream in a report on Monday, November 19th. They issued a buy rating and a $26.00 price objective for the company. Jefferies Financial Group assumed coverage on Equitrans Midstream in a report on Friday, November 9th. They set a buy rating for the company. Barclays assumed coverage on Equitrans Midstream in a report on Friday, December 7th. They set an equal weight rating and a $23.00 target price for the company. US Capital Advisors lowered Equitrans Midstream from an overweight rating to a hold rating in a report on Friday, January 4th. Finally, Wells Fargo & Co assumed coverage on Equitrans Midstream in a report on Tuesday, November 13th. They set a market perform rating and a $23.00 target price for the company. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $24.17.

ETRN traded down $0.09 during trading hours on Wednesday, hitting $21.01. The stock had a trading volume of 2,190,683 shares, compared to its average volume of 2,493,100. Equitrans Midstream has a 1 year low of $18.25 and a 1 year high of $23.47.

Hedge funds have recently bought and sold shares of the business. Chickasaw Capital Management LLC bought a new stake in shares of Equitrans Midstream during the 4th quarter valued at about $28,762,000. State of Alaska Department of Revenue bought a new stake in shares of Equitrans Midstream during the 4th quarter valued at about $450,000. Finally, Retirement Systems of Alabama bought a new stake in shares of Equitrans Midstream during the 4th quarter valued at about $5,280,000.

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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