Equitrans Midstream Corporation (NYSE:ETRN) shares traded unchanged at $13.84 on Wall Street last session.
ETRN stock price is now 8.46% away from the 50-day moving average and 31.09% away from the 200-day moving average. The market capitalization of the company currently stands at $6.00B.
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With the price target enhanced from $9 to $10, Wells Fargo Downgraded its rating from Equal Weight to Underweight for Equitrans Midstream Corporation (NYSE: ETRN). , while ‘Goldman’ rates the stock as ‘Buy’
A total of 0.70% of the company’s stock is owned by insiders.
During the past 12 months, Equitrans Midstream Corporation has had a low of $5.71 and a high of $14.31. As of last week, the company has a debt-to-equity ratio of 4.43, a current ratio of 0.63, and a quick ratio of 0.63. According to the stock market information, the enterprise value for the company is $20881782784, which is based on a 15.42 price-to-earnings ratio, a 1.79 price-to-earnings-growth ratio, and a beta of 1.98. The fifty day moving average price for ETRN is $12.8102 and a two-hundred day moving average price translates $10.5773 for the stock.
The latest earnings results from Equitrans Midstream Corporation (NYSE: ETRN) was released for 2024-03-31. According to the Oil & Gas Midstream Company, earnings per share came in at 0.12, beating analysts’ expectations of 0.11 by 0.01. This compares to $0.20 EPS in the same period last year. The net profit margin was 28.51% and return on equity was 26.74% for ETRN. The company reported revenue of $364.27 million for the quarter, compared to $376.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.21 percent. For the current quarter, analysts expect ETRN to generate $345.76M in revenue.
