Equitrans Midstream (ETRN) to Release Quarterly Earnings on Tuesday

Equitrans Midstream (NYSE:ETRN) will post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Equitrans Midstream to post earnings of $0.21 per share for the quarter.

Equitrans Midstream (NYSE:ETRN) last posted its earnings results on Tuesday, February 20th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.16 by $0.16. The company had revenue of $360.60 million during the quarter, compared to the consensus estimate of $348.04 million. Equitrans Midstream had a net margin of 30.89% and a return on equity of 30.41%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. On average, analysts expect Equitrans Midstream to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Equitrans Midstream Stock Up 3.3 %

Equitrans Midstream stock opened at $12.86 on Tuesday. The company has a market capitalization of $5.61 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.66 and a beta of 1.97. Equitrans Midstream has a 1-year low of $4.65 and a 1-year high of $13.06. The firm’s fifty day simple moving average is $11.51 and its 200-day simple moving average is $10.38. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 4.83.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $13.00 target price on shares of Equitrans Midstream in a report on Thursday, March 7th. TheStreet upgraded Equitrans Midstream from a “d+” rating to a “c-” rating in a report on Wednesday, December 27th. Morgan Stanley decreased their target price on Equitrans Midstream from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Finally, Barclays boosted their price objective on shares of Equitrans Midstream from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Equitrans Midstream currently has an average rating of “Hold” and an average price target of $10.86.

About Equitrans Midstream

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.