Equitrans Midstream Corporation (NYSE: ETRN): The Best-Of-Breed For Investing?

Currently, there are 433.50M common shares owned by the public and among those 430.62M shares have been available to trade.

The company’s stock has a 5-day price change of 9.27% and 21.85% over the past three months. ETRN shares are trading 22.69% year to date (YTD), with the 12-month market performance up to 136.11% higher. It has a 12-month low price of $4.60 and touched a high of $12.22 over the same period. ETRN has an average intraday trading volume of 6.02 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.05%, 16.52%, and 27.02% respectively.

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Institutional ownership of Equitrans Midstream Corporation (NYSE: ETRN) shares accounts for 88.17% of the company’s 433.50M shares outstanding.

It has a market capitalization of $5.42B and a beta (3y monthly) value of 1.99. The stock’s trailing 12-month PE ratio is 14.13, while the earnings-per-share (ttm) stands at $0.88. The company has a PEG of 1.64 and a Quick Ratio of 0.74 with the debt-to-equity ratio at 4.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.53% over the week and 2.45% over the month.

Analysts forecast that Equitrans Midstream Corporation (ETRN) will achieve an EPS of $0.25 for the current quarter, $0.12 for the next quarter and $0.96 for 2025. The lowest estimate earnings-per-share for the quarter is $0.12 while analysts give the company a high EPS estimate of $0.33. Comparatively, EPS for the current quarter was $0.22 a year ago. Earnings per share for the fiscal year are expected to increase by 11.66%, and 12.62% over the next financial year. EPS should grow at an annualized rate of 8.60% over the next five years, compared to 0.70% over the past 5-year period.

Looking at the support for the ETRN, a number of firms have released research notes about the stock. Wells Fargo stated their Underweight rating for the stock in a research note on December 14, 2023, with the firm’s price target at $9-$10. Morgan Stanley on their part issued Overweight rating on June 05, 2023.

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