The stock of Equitrans Midstream Corporation (ETRN) has seen a -0.58% decrease in the past week, with a 9.63% gain in the past month, and a 31.98% flourish in the past quarter. The volatility ratio for the week is 2.99%, and the volatility levels for the past 30 days are at 2.89% for ETRN. The simple moving average for the past 20 days is 5.77% for ETRN’s stock, with a 32.88% simple moving average for the past 200 days.
Is It Worth Investing in Equitrans Midstream Corporation (NYSE: ETRN) Right Now?
Equitrans Midstream Corporation (NYSE: ETRN) has a price-to-earnings ratio of 15.22x that is above its average ratio. Additionally, the 36-month beta value for ETRN is 2.00. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for ETRN is 430.62M and currently, short sellers hold a 1.97% ratio of that float. The average trading volume of ETRN on May 06, 2024 was 7.22M shares.
ETRN) stock’s latest price update
Equitrans Midstream Corporation (NYSE: ETRN)’s stock price has increased by 1.64 compared to its previous closing price of 13.44. However, the company has seen a -0.58% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-25 that Equitrans Midstream (ETRN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Analysts’ Opinion of ETRN
Many brokerage firms have already submitted their reports for ETRN stocks, with Wells Fargo repeating the rating for ETRN by listing it as a “Underweight.” The predicted price for ETRN in the upcoming period, according to Wells Fargo is $10 based on the research report published on December 14, 2023 of the previous year 2023.
Goldman gave a rating of “Buy” to ETRN, setting the target price at $11.50 in the report published on October 06th of the previous year.
ETRN Trading at 14.20% 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 -3.87% of loss for the given period.
Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 2.99%, as shares surge +10.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.99% upper at present.
During the last 5 trading sessions, ETRN fell by -0.58%, which changed the moving average for the period of 200-days by +48.32% in comparison to the 20-day moving average, which settled at $12.98. In addition, Equitrans Midstream Corporation saw 34.18% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ETRN
Current profitability levels for the company are sitting at:
- 0.47 for the present operating margin
- 0.72 for the gross margin
The net margin for Equitrans Midstream Corporation stands at 0.33. The total capital return value is set at 0.06. Equity return is now at value 26.74, with 4.07 for asset returns.
Based on Equitrans Midstream Corporation (ETRN), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 4.43. The interest coverage ratio of the stock is 1.49.
Currently, EBITDA for the company is 1.21 billion with net debt to EBITDA at 7.01. When we switch over and look at the enterprise to sales, we see a ratio of 9.89. The receivables turnover for the company is 5.71for trailing twelve months and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.63.
Conclusion
In conclusion, Equitrans Midstream Corporation (ETRN) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
