In yesterday’s Wall Street session, Equitrans Midstream Corporation (NYSE:ETRN) shares traded at $11.08, down -1.25% from the previous session.
ETRN stock price is now 4.85% away from the 50-day moving average and 13.92% away from the 200-day moving average. The market capitalization of the company currently stands at $4.80B.
With the price target enhanced from $9 to $10, Wells Fargo Downgraded its rating from Equal Weight to Underweight for Equitrans Midstream Corporation (NYSE: ETRN). , while ‘Goldman’ rates the stock as ‘Buy’
In other news, BAILEY VICKY A, Director sold 2,440 shares of the company’s stock on Mar 24 ’23. 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. A total of 0.70% of the company’s stock is owned by insiders.
During the past 12 months, Equitrans Midstream Corporation has had a low of $4.60 and a high of $11.71. As of last week, the company has a debt-to-equity ratio of 4.42, a current ratio of 0.76, and a quick ratio of 0.74. According to the stock market information, the enterprise value for the company is $12.82B, which is based on a 12.54 price-to-earnings ratio, a 1.46 price-to-earnings-growth ratio, and a beta of 1.98. The fifty day moving average price for ETRN is $10.58 and a two-hundred day moving average price translates $9.74 for the stock.
The latest earnings results from Equitrans Midstream Corporation (NYSE: ETRN) was released for Dec, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.32, beating analysts’ expectations of $0.2 by 0.12. This compares to $0.14 EPS in the same period last year. The net profit margin was 27.74% and return on equity was 26.77% for ETRN. The company reported revenue of $360.61 million for the quarter, compared to $355.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.51 percent. For the current quarter, analysts expect ETRN to generate $369.29M in revenue.
Equitrans Midstream Corporation(ETRN) Company Profile
Equitrans Midstream Corporation owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company operates through Gathering, Transmission, and Water segments. It operates dry gas gathering systems of high-pressure gathering lines and FERC-regulated interstate pipelines and storage systems. In addition, the company operates 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.
