Equitrans Midstream downgraded by Wells Fargo with a new price target
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Wells Fargo downgraded Equitrans Midstream from Overweight to Equal Weight and set a new price target of $8.00 from $12.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/14/2023 | $9.00 → $10.00 | Equal Weight → Underweight | Wells Fargo |
| 12/4/2023 | Outperform → Peer Perform | Wolfe Research | |
| 10/6/2023 | $11.50 | Buy | Goldman |
| 10/3/2023 | Underperform | Pickering Energy Partners | |
| 6/5/2023 | $7.00 → $14.00 | Underweight → Overweight | Morgan Stanley |
| 6/1/2023 | $11.00 | Peer Perform → Outperform | Wolfe Research |
| 5/30/2023 | $7.00 → $10.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 4/21/2023 | Mkt Perform | Raymond James |
OVERLAND PARK, KS / ACCESSWIRE / July 22, 2024 / Tortoise today announced that Equitrans Midstream Corp (NYSE:ETRN) will be removed from the Tortoise North American Pipeline IndexSM (TNAP) and the Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of the approved acquisition by EQT Corp (NYSE:EQT). As a result of the acquisition, ETRN will be removed from both indices at market open on Monday, July 22, 2024.ETRN will be removed from the Tortoise North American Pipeline IndexSM (TNAP) with a special rebalance.Special rebalancing is not required for the Tortoise Decarbonization Infrastructure IndexSM (DCRBN). ETRN will be removed, and its weight distributed pro rata to remaini
NEW YORK, July 16, 2024 /PRNewswire/ -- S&P SmallCap 600 constituent Abercrombie & Fitch Co. (NYSE:ANF) will replace Equitrans Midstream Corp. (NYSE:ETRN) in the S&P MidCap 400, and Gates Industrial Corporation plc (NYSE:GTES) will replace Abercrombie & Fitch in the S&P SmallCap 600 effective prior to the opening of trading on Monday, July 22. S&P 500 constituent EQT Corp. (NYSE:EQT) is acquiring Equitrans Midstream in a deal expected to close soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector July 22, 2024 S&P MidCap 400
Equitrans Midstream Corporation (NYSE:ETRN) (Equitrans) today announced that it has issued a notice of full redemption (the Redemption) for all issued and outstanding shares of its Series A Perpetual Convertible Preferred Shares, no par value (CUSIP: 294600-200) (the Preferred Stock). As previously announced, on March 10, 2024, Equitrans, EQT Corporation (EQT) and the other parties thereto entered into an Agreement and Plan of Merger (the Merger Agreement). On June 25, 2024, EQT delivered to Equitrans a written election exercising its right under Section 5.19 of the Merger Agreement to cause Equitrans to effect the Redemption. Notwithstanding the foregoing, Equitrans has no obligation to pu
Equitrans Midstream Corporation (NYSE:ETRN) (Equitrans) today announced that it has issued a notice of full redemption (the Redemption) for all issued and outstanding shares of its Series A Perpetual Convertible Preferred Shares, no par value (CUSIP: 294600-200) (the Preferred Stock). As previously announced, on March 10, 2024, Equitrans, EQT Corporation (EQT) and the other parties thereto entered into an Agreement and Plan of Merger (the Merger Agreement). On June 25, 2024, EQT delivered to Equitrans a written election exercising its right under Section 5.19 of the Merger Agreement to cause Equitrans to effect the Redemption. Notwithstanding the foregoing, Equitrans has no obligation to pu
Equitrans Midstream Corporation (NYSE:ETRN) ("Equitrans") and EQT Corporation (NYSE:EQT) ("EQT") today announced that, in connection with Equitrans' proposed transaction with EQT (the "Merger"), the deadline for record holders of Equitrans Series A Perpetual Convertible Preferred Shares ("Equitrans Preferred Stock") to elect the form of consideration they wish to receive in connection with the change of control contemplated by the Merger in accordance with the Second Amended and Restated Articles of Incorporation of Equitrans (the "Equitrans Articles") is 11:59 p.m. Eastern Time on July 9, 2024 (the "Election Deadline"). This press release features multimedia. View the full release here: h
Equitrans Midstream Corporation (NYSE:ETRN), today, announced financial and operational results for the first quarter 2024. Included in the "Non-GAAP Disclosures" section of this news release are important disclosures regarding the use of non-GAAP supplemental financial measures, including information regarding their most comparable GAAP financial measure. Q1 2024 Highlights: Announced proposed acquisition by EQT Corporation in an all-stock transaction Reported $111.9 million of net income and $271.8 million of Adjusted EBITDA Generated $177.5 million of net cash from operating activities Recorded 67% of total operating revenue from firm reservation fees "With all of the wa
4 - Midstream Co LLC (0001747009) (Issuer)
4 - Midstream Co LLC (0001747009) (Issuer)
4 - Midstream Co LLC (0001747009) (Issuer)
15-12G - Midstream Co LLC (0001747009) (Filer)
25-NSE - Midstream Co LLC (0001747009) (Subject)
S-8 POS - Equitrans Midstream Corp (0001747009) (Filer)
SC 13G/A - Midstream Co LLC (0001747009) (Subject)
SC 13G/A - Midstream Co LLC (0001747009) (Subject)
SC 13G/A - Equitrans Midstream Corp (0001747009) (Subject)
Equitrans Midstream (NYSE:ETRN) reported quarterly earnings of $0.11 per share which missed the analyst consensus estimate of $0.14 by 21.43 percent. This is a 22.22 percent increase over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $361.60 million which beat the analyst consensus estimate of $345.76 million by 4.58 percent. This is a 13.54 percent increase over sales of $318.47 million the same period last year.
S&P SmallCap 600 constituent Abercrombie & Fitch will replace Equitrans Midstream in the S&P MidCap 400, effective prior to the opening of trading on Monday, July 22.
NEW YORK, July 16, 2024 /PRNewswire/ -- S&P SmallCap 600 constituent Abercrombie & Fitch Co. (NYSE:ANF) will replace Equitrans Midstream Corp. (NYSE:ETRN) in the S&P MidCap 400, and Gates Industrial Corporation plc (NYSE:GTES) will replace Abercrombie & Fitch in the S&P SmallCap 600 effective prior to the opening of trading on Monday, July 22. S&P 500 constituent EQT Corp. (NYSE:EQT) is acquiring Equitrans Midstream in a deal expected to close soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector July 22, 2024 S&P MidCap 400
Diana M. Charletta Appointed Chief Executive Officer Thomas F. Karam Appointed Executive Chairman Equitrans Midstream Corporation (NYSE:ETRN), today, announced that Thomas F. Karam will step down from his role as chief executive officer of Equitrans Midstream (Equitrans or Company) to become the Company's executive chairman; and Diana M. Charletta, currently president and chief operating officer of Equitrans, will succeed Mr. Karam as Equitrans' newly appointed chief executive officer. The executive appointments are effective January 1, 2024, and both Mr. Karam and Ms. Charletta will continue to serve as members of the Equitrans Board of Directors following the leadership transition.
Cheniere Energy, Inc. ("Cheniere") (NYSE:LNG) announced today that its Board of Directors ("Board") has appointed Patricia K. Collawn and Lorraine Mitchelmore to serve as members of the Board, effective July 1, 2021. Ms. Collawn and Ms. Mitchelmore are considered independent directors. Ms. Collawn has been appointed to the Audit and Compensation Committees and Ms. Mitchelmore has been appointed to the Audit and Governance and Nominating Committees. Ms. Collawn is the Chairman, President and Chief Executive Officer of PNM Resources, Inc. ("PNM Resources") (NYSE:PNM), an energy holding company based in New Mexico. Ms. Collawn joined PNM Resources in 2007 from Public Service Company of Colora
Wells Fargo downgraded Equitrans Midstream from Equal Weight to Underweight and set a new price target of $10.00 from $9.00 previously
Wolfe Research downgraded Equitrans Midstream from Outperform to Peer Perform
Goldman resumed coverage of Equitrans Midstream with a rating of Buy and set a new price target of $11.50