Equitrans Midstream Corporation (NYSE:ETRN) price is hovering lower on Tuesday, April 16, dropping -2.91% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $12.42. The company’s P/E ratio in the trailing 12-month period read 13.64. Taking into account the 52-week price action we note that the stock hit a 52-week high of $13.06 and 52-week low of $4.60. The stock added 8.83% on its value in the past month.
Equitrans Midstream Corporation, which has a market valuation of $5.23 billion. The company stock has a Forward Dividend ratio of 0.60, while the dividend yield is 4.98%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ETRN a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.59. The overview shows that ETRN’s price is at present -0.82% off the SMA20 and 7.38% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 51.25, with weekly volatility standing at 2.80%. The indicator jumps to 2.37% when calculated based on the past 30 days. Equitrans Midstream Corporation (NYSE:ETRN)’s beta value is holding at 1.99, while the average true range (ATR) indicator is currently reading 0.31.
An analysis of the Equitrans Midstream Corporation (NYSE:ETRN) stock in terms of its daily trading volume indicates that the 3-month average is 6.74 million.
Current records show that the company has 433.50M in outstanding shares. The insiders’ percentage holdings are 0.70% of outstanding shares while the percentage share held by institutions stands at 88.02%. But the 18.46% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
