Insider Buying: Equitrans Midstream (ETRN) CFO Buys 4,950 Shares of Stock

Equitrans Midstream (NASDAQ:ETRN) CFO Kirk R. Oliver acquired 4,950 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average price of $20.25 per share, for a total transaction of $100,237.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NASDAQ ETRN traded down $0.13 during trading on Friday, reaching $21.64. The company’s stock had a trading volume of 1,445,779 shares, compared to its average volume of 1,985,140. Equitrans Midstream has a one year low of $17.63 and a one year high of $23.47.

Equitrans Midstream (NASDAQ:ETRN) last announced its earnings results on Thursday, February 14th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.28. The business had revenue of $384.79 million during the quarter, compared to the consensus estimate of $380.20 million.

A number of research firms recently issued reports on ETRN. Royal Bank of Canada began coverage on Equitrans Midstream in a research note on Thursday. They set a “sector perform” rating and a $23.00 price objective on the stock. Barclays reiterated a “hold” rating and set a $21.00 price objective on shares of Equitrans Midstream in a research note on Monday, March 11th. Zacks Investment Research lowered Equitrans Midstream from a “hold” rating to a “sell” rating in a research note on Thursday, February 14th. Finally, US Capital Advisors lowered Equitrans Midstream from an “overweight” rating to a “hold” rating in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Equitrans Midstream presently has a consensus rating of “Hold” and a consensus price target of $23.71.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Equitrans Midstream in the 4th quarter worth about $393,060,000. D. E. Shaw & Co. Inc. purchased a new stake in Equitrans Midstream during the 4th quarter valued at about $209,974,000. Iridian Asset Management LLC CT purchased a new stake in Equitrans Midstream during the 4th quarter valued at about $119,657,000. Tortoise Capital Advisors L.L.C. purchased a new stake in Equitrans Midstream during the 4th quarter valued at about $111,394,000. Finally, Energy Income Partners LLC purchased a new stake in Equitrans Midstream during the 4th quarter valued at about $102,908,000.

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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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