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Equitrans Midstream Corporation (ETRN)
NYSE:ETRN
Equitrans Midstream (ETRN) Stock Price & Analysis
701 Followers
ETRN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.09 - $14.05
Previous Close$13.37
Volume2.47M
Average Volume (3M)7.44M
Market Cap
$5.80B
Enterprise Value$14.68B
Total Cash (Recent Filing)$51.29M
Total Debt (Recent Filing)$7.79B
Price to Earnings (P/E)14.9
Beta1.38
Next Earnings
Jul 30, 2024EPS Estimate
$0.15Last Dividend Ex-Date
May 06, 2024Dividend Yield4.49%
Share Statistics
EPS (TTM)0.90
Shares Outstanding433,661,000
10 Day Avg. Volume5,093,773
30 Day Avg. Volume7,435,972
Standard Deviation0.19
R-Squared0.30
Alpha-0.00407
Financial Highlights & Ratios
Price to Book (P/B)67.52
Price to Sales (P/S)15.92
Price to Cash Flow (P/CF)8.00
P/FCF Ratio7.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue10.62
Enterprise Value/Gross Profit10.53
Enterprise Value/Ebitda11.72
Forecast
1Y Price Target
$12.36Price Target Upside-10.11% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Equitrans Midstream News
Bulls Say, Bears Say
Bulls Say
AcquisitionEQT’s acquisition of ETRN at an 18% premium is a better outcome than expected, signaling a potential positive market reaction.
Project DevelopmentETRN modified its MVP Southgate project and signed agreements with two utility customers for the full capacity of the pipeline, indicating strong future revenue prospects.
Strategic InitiativesManagement's exploration of strategic transactions with third-parties aligns with previous media reports, suggesting proactive steps towards company growth.
Bears Say
Debt And Leverage ConcernsHigher project-level debt may be raised, impacting leverage metrics for covenant purposes.
Project Delays And Financial PerformanceAnalyst maintains an Underweight rating on the stock due to another delay and cost increase for their key Mountain Valley Pipeline project.
Strategic Review And Acquisition InterestStrategic review is underway, but a limited pool of potential buyers and no expected premium bid due to elevated leverage and current valuation.
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Ownership Overview
0.81% Insiders
38.72% Mutual Funds
46.82% Other Institutional Investors
13.65% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ETRN FAQ
What was Equitrans Midstream Corporation’s price range in the past 12 months?
Equitrans Midstream Corporation lowest stock price was $5.09 and its highest was $14.05 in the past 12 months.
What is Equitrans Midstream Corporation’s market cap?
Currently, no data Available
When is Equitrans Midstream Corporation’s upcoming earnings report date?
Equitrans Midstream Corporation’s upcoming earnings report date is Jul 30, 2024 which is in 76 days.
How were Equitrans Midstream Corporation’s earnings last quarter?
Equitrans Midstream Corporation released its earnings results on Apr 30, 2024. The company reported $0.23 earnings per share for the quarter, the consensus estimate of $0.23 by $0.
Is Equitrans Midstream Corporation overvalued?
According to Wall Street analysts Equitrans Midstream Corporation’s price is currently Overvalued.
Does Equitrans Midstream Corporation pay dividends?
Equitrans Midstream Corporation pays a Quarterly dividend of $0.15 which represents an annual dividend yield of 4.49%. See more information on Equitrans Midstream Corporation dividends here
What is Equitrans Midstream Corporation’s EPS estimate?
Equitrans Midstream Corporation’s EPS estimate is $0.15.
How many shares outstanding does Equitrans Midstream Corporation have?
Equitrans Midstream Corporation has 433,661,000 shares outstanding.
What happened to Equitrans Midstream Corporation’s price movement after its last earnings report?
Equitrans Midstream Corporation reported an EPS of $0.23 in its last earnings report, expectations of $0.23. Following the earnings report the stock price went down -2.549%.
Which hedge fund is a major shareholder of Equitrans Midstream Corporation?
Among the largest hedge funds holding Equitrans Midstream Corporation’s share is Hotchkis & Wiley Capital Management LLC. It holds Equitrans Midstream Corporation’s shares valued at 81M.
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Equitrans Midstream Stock Smart Score
Neutral
1
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4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$12.36 (-10.11% Downside)
$12.36 (-10.11% Downside)
Blogger Sentiment
Bullish
ETRN Sentiment 100%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Increased
By 70.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.7%
Last 30 Days ▲ 0.8%
Last 30 Days ▲ 0.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
160.01%
12-Months-Change
Fundamentals
Return on Equity
26.74%
Trailing 12-Months
Asset Growth
13.94%
Trailing 12-Months
Company Description
Equitrans Midstream Corporation
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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ETRN Company Deck
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ETRN Earnings Call
Q4 2024
0:00 / 0:00
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ETRN Stock 12 Month Forecast
Average Price Target
$12.36
▼(-10.11% Downside)
Technical Analysis
Best Analysts Covering ETRN
1 Year
1 Year Success Rate
4/5 ratings generated profit
1 Year Average Return
+38.88%
reiterated a buy rating 3 months ago
Copying John Mackay's trades and holding each position for 1 Year would result in 80.00% of your transactions generating a profit, with an average return of +38.88% per trade.
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