Equitrans Midstream (ETRN) to Release Earnings on Tuesday

Equitrans Midstream (NYSE:ETRN) is set to announce its 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 announced its earnings results on Tuesday, February 20th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.16. The business 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 business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 Performance

Shares of ETRN stock opened at $12.86 on Tuesday. The stock’s 50-day moving average price is $11.51 and its 200 day moving average price is $10.38. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 4.83. The stock has a market capitalization of $5.61 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.66 and a beta of 1.97. Equitrans Midstream has a 52-week low of $4.65 and a 52-week high of $13.06.

Wall Street Analyst Weigh In

Several research firms have recently commented on ETRN. TheStreet upgraded Equitrans Midstream from a “d+” rating to a “c-” rating in a research note on Wednesday, December 27th. Morgan Stanley cut their price objective on shares of Equitrans Midstream from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, February 22nd. Barclays raised their target price 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $13.00 price target on shares of Equitrans Midstream in a research note on Thursday, March 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.