Equitrans Midstream Corporation (NYSE:ETRN) has a beta value of 1.97 and has seen 1.08 million shares traded in the recent trading session. The company, currently valued at $6.00B, closed the recent trade at $13.84 per share which meant it lost -$0.04 on the day or -0.29% during that session. The ETRN stock price is -1.01% off its 52-week high price of $13.98 and 66.4% above the 52-week low of $4.65. The 3-month trading volume is 7.19 million shares.

Equitrans Midstream Corporation (NYSE:ETRN) trade information

Sporting -0.29% in the red today, the stock has traded in the green over the last five days, when the ETRN stock price touched $13.84 or saw a rise of 2.6%. Year-to-date, Equitrans Midstream Corporation shares have moved 35.95%, while the 5-day performance has seen it change 7.37%. Over the past 30 days, the shares of Equitrans Midstream Corporation (NYSE:ETRN) have changed 10.45%.

Equitrans Midstream Corporation (ETRN) estimates and forecasts

Figures show that Equitrans Midstream Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained 57.81% over the past 6 months, with this year growth rate of -4.40%, compared to 11.50% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 9.10% and 16.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 8.30%.

4 analysts offering their estimates for the company have set an average revenue estimate of $359.39 million for the current quarter. 4 have an estimated revenue figure of $348.8 million for the next quarter concluding in Jun 2024. Year-ago sales stood $376.34 million and $329.99 million respectively for this quarter and the next, and analysts expect sales will shrink by -4.50% for the current quarter and 5.70% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 0.70% over the past 5 years. Earnings growth for 2024 is a modest 10.04% while over the next 5 years, the company’s earnings are expected to increase by 8.60%.

ETRN Dividends

Equitrans Midstream Corporation is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.60 at a share yield of 4.34%. The company’s dividend yield has gone up over the past 12 months.