Jefferies Maintains Their Buy Rating on Equitrans Midstream (ETRN)


In a report issued on August 4, Christopher Sighinolfi from Jefferies maintained a Buy rating on Equitrans Midstream (ETRN), with a price target of $15.00. The company’s shares closed last Monday at $10.77.

According to TipRanks.com, Sighinolfi is a 5-star analyst with an average return of 9.0% and a 66.8% success rate. Sighinolfi covers the Services sector, focusing on stocks such as Dcp Midstream Partners, Holly Energy Partners, and Phillips 66 Partners.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equitrans Midstream with a $11.40 average price target.

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The company has a one-year high of $15.24 and a one-year low of $3.75. Currently, Equitrans Midstream has an average volume of 7.61M.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ETRN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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