In today’s recent session, 4.95 million shares of the Equitrans Midstream Corporation (NYSE:ETRN) have been traded, and its beta is 1.99. Most recently the company’s share price was $12.60, and it changed around $0.11 or 0.84% from the last close, which brings the market valuation of the company to $5.46B. ETRN at last check was trading at a discount to its 52-week high of $12.68, offering almost -0.63% off that amount. The share price’s 52-week low was $4.60, which indicates that the recent value has risen by an impressive 63.49% since then. We note from Equitrans Midstream Corporation’s average daily trading volume that its 10-day average is 8.5 million shares, with the 3-month average coming to 6.16 million.
Equitrans Midstream Corporation stock received a consensus recommendation rating of Hold, based on a mean score of 2.44. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 3 recommended ETRN as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Equitrans Midstream Corporation is expected to report earnings per share of $0.25 for the current quarter.
Equitrans Midstream Corporation (NYSE:ETRN) trade information
Instantly ETRN has been showing a green trend so far today with a performance of 0.84% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 23.72% year-to-date, but still up 8.77% over the last five days. On the other hand, Equitrans Midstream Corporation (NYSE:ETRN) is 17.82% up in the 30-day period. We can see from the shorts that 9.81 million shares have been sold at a short interest cover period of 1.12 day(s).
The consensus price target as assigned by Wall Street analysts is $10.71, which translates to bulls needing to decrease their stock price by -17.65% from its current value. Analyst projections state that ETRN is forecast to be at a low of $6 and a high of $13.
Equitrans Midstream Corporation (ETRN) estimates and forecasts
Equitrans Midstream Corporation share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 31.75 percent over the past six months and at a -4.40% annual growth rate that is well below the industry average of 7.90%. The year-over-year growth rate is expected to be 8.80%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $369.29 million in revenue for the current quarter. 4 analysts expect Equitrans Midstream Corporation to make $352.57 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $376.34 million and $329.99 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.90%. Forecasts for the next quarter put sales growth at 6.80%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 0.70%. Equitrans Midstream Corporation earnings are expected to increase by 11.66% in 2024, but the outlook is positive 8.60% per year for the next five years.
ETRN Dividends
Equitrans Midstream Corporation’s next quarterly earnings report is expected to be released around April 30 and May 06. The annual dividend yield of the stock is 4.76 percent and its annual dividend per share was 0.60. It is important to note, however, that the 4.76% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
