J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on Equitrans Midstream (NYSE:ETRN) Corporation on Friday, setting a price target of $12, which is approximately 25.13% above the present share price of $9.59.
Tonet expects Equitrans Midstream Corporation to post earnings per share (EPS) of $0.17 for the fourth quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Hold rating of shares in Equitrans Midstream, with an average price target of $11.44.
The analysts price targets range from a high of $15 to a low of $8.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $342.07 million and a net profit of $187.55 million. The company's market cap is $4.15 billion.
According to TipRanks.com, J.P. Morgan analyst Jeremy Tonet is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.3% and a 54.84% success rate.
Equitrans Midstream Corp. has a premier asset footprint in the Appalachian Basin and is one of the largest natural gas gatherers in the United States. It focuses on gas gathering systems, transmission and storage systems, and water services assets that support natural gas producers across the Basin. The company operates in the following segments: Gathering, Transmission and Water. The Gathering segments includes EQM's high-pressure gathering lines and FERC-regulated low-pressure gathering lines. The Transmission segment includes EQM's FERC-regulated interstate pipelines and storage system. The Water segment consists of EQM's water pipelines, impoundment facilities, pumping stations, take point facilities and measurement facilities. Equitrans Midstream was founded on February 21, 2018 and is headquartered in Pittsburgh, PA.