Does Equitrans Midstream Corporation (ETRN) Have A Risk Factor?

The stock of Equitrans Midstream Corporation (NYSE:ETRN) increased by $0.01 on Tuesday to finish at $7.64, up 0.13 percent. The last five days have seen an average of 2,882,260 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$2.70. The average number of shares traded over the last 20 days was 4,233,870, while the average volume over the last 50 days totaled 5,309,088.

ETRN stock dropped -2.55% since last month. On 05/12/22, the company’s shares reached a one-month low of $6.93. The stock touched a high of $11.52 on 01/18/22, after rallying from a low of $5.87 in 52 weeks. The price of ETRN stock has declined by -26.11% or -$2.70 this year, reaching a new high 8 times. Still, the stock price is down -33.68% from the 52-week high.

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Valuation Metrics

Beta for the stock is 2.01. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.58, the price-to-book (PB) ratio of 2.13, and the price-to-cash flow ratio of 5.85.

Company paid $0.15 per share in dividends, remained unchanged from $0.15 last year. A $0.30 dividend decrease was reported on Wednesday April 29 2020.

Financial Health

For the three months ended March 30, Equitrans Midstream Corporation’s quick ratio was 1.60, while its current ratio was 1.60, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 88.10% percent. Based on annual data, it had gross profit of $633.56 million and revenue of $1.32 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ETRN’s return on assets (ROA) during the last 12 months has been -11.90%. There was a -11.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -59.80%.

Earnings Surprise

According to Equitrans Midstream Corporation’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $342.15 million, while revenues fell by -11.06% to $246.67 million. It was predicted that Equitrans Midstream Corporation’s quarterly earnings would be $0.14, but it ended up being $0.19, beating the consensus by -26.30%. EBITDA was $281.19 million for the quarter. At the end of Equitrans Midstream Corporation’s most recent quarter ended March 30, its liabilities totaled 8.78 billion, while its total debt was $6.98 billion. Equity owned by shareholders amounts to $432.76 million.

Technical Picture

Here’s a quick look at Equitrans Midstream Corporation’s (ETRN) price momentum from a technical perspective. As of 24 May, the RSI 9-day stood at 49.42%, suggesting the stock is Neutral, with a 40.19% historical volatility rate.

The stochastic %K and %D were 51.60% and 49.19% respectively, while the average true range (ATR) was 0.38. Based on the 14-day stochastic reading of 55.91%, the RSI (14) reading is 47.90%. On the 9-day MACD Oscillator, the stock is at 0.06, and the 14-day reading is at 0.10.

Analyst Ratings

In its most recent analyst report, Goldman raised its rating on Equitrans Midstream Corporation (NYSE: ETRN) to a Buy. Prior to this, analysts firm rated the stock as a Neutral.


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