Equitrans Midstream (ETRN) Stock Price, News & Analysis

Company Overview

Equitrans Midstream Corporation owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company operates through Gathering, Transmission, and Water segments. It operates dry gas gathering systems of high-pressure gathering lines and FERC-regulated interstate pipelines and storage systems. In addition, the company operates water pipelines and other facilities that deliver fresh water from local municipal water authorities, the Monongahela River, the Ohio River, local reservoirs, and several regional waterways. Equitrans Midstream Corporation was incorporated in 2018 and is headquartered in Canonsburg, Pennsylvania.

Key Stats

• Today's Range: $12.42 to $12.42
• 50-Day Range: $12.35 to $13.77
• 52-Week Range: $8.57 to $14.64
• Volume: N/A
• Average Volume: 7.47 million shs
• Market Capitalization: $5.43 billion
• P/E Ratio: 13.80
• Dividend Yield: 4.83%
• Price Target: $13.50
• Consensus Rating: Hold

Equitrans Midstream Stock Analysis - MarketRank™

Equitrans Midstream scored higher than 39% of companies evaluated by MarketBeat, and ranked 202nd out of 274 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Equitrans Midstream has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Equitrans Midstream has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 38.67%

Earnings Growth

Earnings for Equitrans Midstream are expected to grow by 38.67% in the coming year, from $0.75 to $1.04 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Equitrans Midstream is 13.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.10.

Price to Earnings Ratio vs. Sector

The P/E ratio of Equitrans Midstream is 13.80, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.54.

Price to Earnings Growth Ratio

Equitrans Midstream has a PEG Ratio of 11.19. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Equitrans Midstream has a P/B Ratio of 3.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ETRN.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Equitrans Midstream is a leading dividend payer. It pays a dividend yield of 4.83%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Equitrans Midstream does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Equitrans Midstream is 66.67%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Equitrans Midstream will have a dividend payout ratio of 57.69% next year. This indicates that Equitrans Midstream will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.3 / 5
• Environmental Score: -8.79

Short Interest

There is no current short interest data available for ETRN.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Equitrans Midstream insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.74% of the stock of Equitrans Midstream is held by insiders.

Percentage Held by Institutions

87.35% of the stock of Equitrans Midstream is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ETRN Stock Analysis - Frequently Asked Questions

How were Equitrans Midstream's earnings last quarter?

Equitrans Midstream Co. (NYSE:ETRN) released its earnings results on Tuesday, April, 30th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The business's quarterly revenue was down 3.2% compared to the same quarter last year.

Who are Equitrans Midstream's major shareholders?

Equitrans Midstream's top institutional investors include Blue Trust Inc., Point72 Asset Management L.P., Walleye Trading LLC and DRW Securities LLC. Insiders that own company stock include Kirk R Oliver and Vicky A Bailey.
View institutional ownership trends.

What other stocks do shareholders of Equitrans Midstream own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Equitrans Midstream investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Energy Transfer (ET), Exxon Mobil (XOM), Intel (INTC) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 4/30/2024
• Today: 12/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Natural gas transmission
• Sub-Industry: Utilities
• Current Symbol: NYSE:ETRN
• CUSIP: N/A
• CIK: 1747009
• Web: www.equitransmidstream.com
• Phone: (724) 271-7600
• Fax: N/A
• Employees: 770
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $13.50
• High Stock Price Target: $17.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: +8.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.90
• Trailing P/E Ratio: 13.80
• Forward P/E Ratio: 16.56
• P/E Growth: 11.19
• Net Income: $445.23 million
• Net Margins: 31.69%
• Pretax Margin: 33.64%
• Return on Equity: 30.21%
• Return on Assets: 3.95%

Debt

• Debt-to-Equity Ratio: 4.88
• Current Ratio: 0.63
• Quick Ratio: 0.63

Sales & Book Value

• Annual Sales: $1.39 billion
• Price / Sales: 3.89
• Cash Flow: $1.85 per share
• Price / Cash Flow: 6.72
• Book Value: $3.48 per share
• Price / Book: 3.57

Miscellaneous

• Outstanding Shares: 436,940,000
• Free Float: 430,452,000
• Market Cap: $5.43 billion
• Optionable: Optionable
• Beta: 2.01