Equitrans Midstream Corporation (NYSE:ETRN) traded at $13.89 at last check on Monday, April 29, made an upward move of 1.09% on its previous day’s price.
Looking at the stock we see that its previous close was $13.74. The company has a trailing 12-month PE ratio of 15.72. In terms of its 52-week price range, ETRN has a high of $13.80 and a low of $4.65. The company’s stock has gained about 11.21% over that past 30 days.
Equitrans Midstream Corporation has a market cap of $6.02 billion. With its Forward Dividend at 0.60 and a yield of 4.32%, the company’s investors could be anxious for the ETRN stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.24, with the EPS growth for the year raised at $0.8 for 2024 and $0.96 for next year. These figures represent -12.10% and 20.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $363.76 million, with a low of $354.56 million and a high of $373.69 million. The median projection represents growth adding up to -3.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.51 billion, or 8.50% up from figures reported last year.
On the other hand, looking at the outlook for the ETRN stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the ETRN stock currently stands at 1.83, and the most recent price level today is 9.23% off its SMA20 and 18.47% from its 50-day simple moving average. The RSI (14) is pointing at 79.95 while the volatility over the past week is 3.70% and jumps to 2.75% over the past one month. The beta value is 1.97, while the average true range (ATR) is currently pointing at 0.35.
Coming back to Equitrans Midstream Corporation (NYSE:ETRN), we note that the average 3-month trading volume was 7.15 million. Current shares outstanding are 433.50 million.
The insiders hold 0.70% of the company’s shares while institutions hold 86.67%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 36.44% up in year-to-date price movement.
