Equitrans Midstream Corporation (NYSE: ETRN) has seen a rise in its stock price by 0.17 in relation to its previous close of 5.77. However, the company has experienced a 3.40% gain in its stock price over the last five trading sessions.
Is It Worth Investing in Equitrans Midstream Corporation (NYSE: ETRN) Right Now?
Moreover, the 36-month beta value for ETRN is 1.95. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 1 as “sell.”
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The average price recommended by analysts for Equitrans Midstream Corporation (ETRN) is $6.78, which is $1.0 above the current market price. The public float for ETRN is 431.01M and currently, short sellers hold a 4.06% of that float. On May 24, 2023, ETRN’s average trading volume was 6.10M shares.
ETRN’s Market Performance
ETRN stock saw an increase of 3.40% in the past week, with a monthly gain of 17.72% and a quarterly increase of -6.92%. The volatility ratio for the week is 4.19%, and the volatility levels for the last 30 days are 4.26% for Equitrans Midstream Corporation (ETRN). The simple moving average for the last 20 days is 9.56% for ETRN stock, with a simple moving average of -19.16% for the last 200 days.
ETRN Trading at 10.66% from the 50-Day Moving Average
After a stumble in the market that brought ETRN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.59% of loss for the given period.
Volatility was left at 4.26%, however, over the last 30 days, the volatility rate increased by 4.19%, as shares surge +21.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.85% upper at present.
During the last 5 trading sessions, ETRN rose by +3.40%, which changed the moving average for the period of 200-days by -34.09% in comparison to the 20-day moving average, which settled at $5.33. In addition, Equitrans Midstream Corporation saw -13.73% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ETRN starting from BAILEY VICKY A, who sale 2,440 shares at the price of $5.09 back on Mar 24. After this action, BAILEY VICKY A now owns 0 shares of Equitrans Midstream Corporation, valued at $12,420 using the latest closing price.
Oliver Kirk R, the Sr VP & CFO of Equitrans Midstream Corporation, purchase 9,000 shares at $5.46 during a trade that took place back on Mar 16, which means that Oliver Kirk R is holding 39,118 shares at $49,140 based on the most recent closing price.
Stock Fundamentals for ETRN
Current profitability levels for the company are sitting at:
- +54.32 for the present operating margin
- +63.79 for the gross margin
The net margin for Equitrans Midstream Corporation stands at -19.84. The total capital return value is set at 7.87, while invested capital returns managed to touch -3.05. Equity return is now at value -29.90, with -3.10 for asset returns.
Based on Equitrans Midstream Corporation (ETRN), the company’s capital structure generated 438.59 points at debt to equity in total, while total debt to capital is 81.43. Total debt to assets is 67.22, with long-term debt to equity ratio resting at 752.31. Finally, the long-term debt to capital ratio is 80.20.
When we switch over and look at the enterprise to sales, we see a ratio of 6.79, with the company’s debt to enterprise value settled at 0.64. The receivables turnover for the company is 5.19 and the total asset turnover is 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
To wrap up, the performance of Equitrans Midstream Corporation (ETRN) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
