Equitrans Midstream Corporation (NYSE:ETRN): A Fundamentally Weighted Stock for Long-Term Investors

Equitrans Midstream Corporation (NYSE:ETRN) shares traded 0.35% higher at $8.65 on Wall Street last session.

In accordance with the data, 13 analysts cover Equitrans Midstream Corporation (NYSE:ETRN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $9.00, we find $11.00. Given the previous closing price of $8.62, this indicates a potential upside of 27.61 percent. ETRN stock price is now -7.06% away from the 50-day moving average and 10.60% away from the 200-day moving average. The market capitalization of the company currently stands at $3.75B.

It has been rated a hold by 5 analysts and a buy by 5. Brokers who have rated the stock have averaged $11.00 as their price target over the next twelve months.

In other news, BAILEY VICKY A, Director sold 2,440 shares of the company’s stock on Mar 24. The stock was sold for $12,420 at an average price of $5.09. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 16, Sr VP & CFO Oliver Kirk R bought 9,000 shares of the business’s stock. A total of $49,140 was incurred on buying the stock at an average price of $5.46. This leaves the insider owning 39,118 shares of the company worth $0.34 million. Insiders disposed of 72,252 shares of company stock worth roughly $0.62 million over the past 1 year. A total of 0.57% of the company’s stock is owned by insiders.

Equitrans Midstream Corporation (NYSE: ETRN) opened at $8.63 on Thursday. During the past 12 months, Equitrans Midstream Corporation has had a low of $4.60 and a high of $10.48. As of last week, the company has a debt-to-equity ratio of 4.25, a current ratio of 0.75, and a quick ratio of 0.75. According to the stock market information, the enterprise value for the company is $11.43B, which is based on a 11.85 price-to-earnings ratio, a 4.56 price-to-earnings-growth ratio, and a beta of 1.90. The fifty day moving average price for ETRN is $9.31 and a two-hundred day moving average price translates $7.82 for the stock.

The latest earnings results from Equitrans Midstream Corporation (NYSE: ETRN) was released for Sep, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.12, beating analysts’ expectations of $0.11 by 0.01. This compares to -$1.20 EPS in the same period last year. The net profit margin was 22.93% and return on equity was 22.61% for ETRN. The company reported revenue of $338.51 million for the quarter, compared to $331.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.04 percent. For the current quarter, analysts expect ETRN to generate $326.44M in revenue.

Equitrans Midstream Corporation(ETRN) Company Profile

Equitrans Midstream Corporation owns, operates, acquires, and develops midstream assets in the Appalachian Basin. It operates through three segments: Gathering, Transmission, and Water. The company operates dry gas gathering systems of high-pressure gathering lines; FERC-regulated interstate pipelines and storage systems; and water pipelines and other facilities that deliver fresh water from local municipal water authorities, the Monongahela River, the Ohio River, local reservoirs, and several regional waterways. Equitrans Midstream Corporation was incorporated in 2018 and is headquartered in Canonsburg, Pennsylvania.

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