Monday, September 28, 2020

Equitrans Midstream Corporation [ETRN] is -27.92% lower this YTD. Is it still time to buy?

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Equitrans Midstream Corporation [NYSE: ETRN] jumped around 0.19 points on Friday, while shares priced at $9.63 at the close of the session, up 2.01%. The company report on August 4, 2020 that Equitrans Midstream Announces Second Quarter 2020 Results.

Equitrans Midstream Corporation (NYSE: ETRN), today, announced financial and operational results for the second quarter 2020.

Q2 2020 Highlights:.

Equitrans Midstream Corporation stock is now -27.92% down from its year-to-date (YTD) trading value. ETRN Stock saw the intraday high of $9.7175 and lowest of $9.41 per share. The company’s 52-week high price is 15.24, which means current price is +156.80% above from all time high which was touched on 01/07/20.

Compared to the average trading volume of 7.32M shares, ETRN reached a trading volume of 3749484 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Equitrans Midstream Corporation [ETRN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ETRN shares is $12.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ETRN stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Equitrans Midstream Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 10, 2020. The new note on the price target was released on August 19, 2020, representing the official price target for Equitrans Midstream Corporation stock. Previously, the target price had yet another raise to $11, while JP Morgan analysts kept a Neutral rating on ETRN stock. On April 27, 2020, analysts increased their price target for ETRN shares from 6 to 11.

The Average True Range (ATR) for Equitrans Midstream Corporation is set at 0.42, with the Price to Sales ratio for ETRN stock in the period of the last 12 months amounting to 2.51. The Price to Book ratio for the last quarter was 0.81, with the Price to Cash per share for the same quarter was set at 0.48. Price to Free Cash Flow for ETRN in the course of the last twelve months was 16.71 with Quick ratio for the last quarter at 1.20.

How has ETRN stock performed recently?

Equitrans Midstream Corporation [ETRN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.03. With this latest performance, ETRN shares dropped by -11.81% in over the last four-week period, additionally plugging by 84.48% over the last 6 months – not to mention a drop of -27.59% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ETRN stock in for the last two-week period is set at 39.56, with the RSI for the last a single of trading hit 35.75, and the three-weeks RSI is set at 44.93 for Equitrans Midstream Corporation [ETRN]. The present Moving Average for the last 50 days of trading for this stock 10.02, while it was recorded at 9.73 for the last single week of trading, and 9.08 for the last 200 days.

Equitrans Midstream Corporation [ETRN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Equitrans Midstream Corporation [ETRN] shares currently have an operating margin of +65.72 and a Gross Margin at +72.64. Equitrans Midstream Corporation’s Net Margin is presently recorded at -12.50.

Return on Total Capital for ETRN is now 9.92, given the latest momentum, and Return on Invested Capital for the company is -3.35. Return on Equity for this stock declined to -36.04, with Return on Assets sitting at -1.81. When it comes to the capital structure of this company, Equitrans Midstream Corporation [ETRN] has a Total Debt to Total Equity ratio set at 950.64. Additionally, ETRN Total Debt to Total Capital is recorded at 90.48, with Total Debt to Total Assets ending up at 53.11. Long-Term Debt to Equity for the company is recorded at 948.01, with the Long-Term Debt to Total Capital now at 90.23.

Reflecting on the efficiency of the workforce at the company, Equitrans Midstream Corporation [ETRN] managed to generate an average of -$254,679 per employee. Receivables Turnover for the company is 6.38 with a Total Asset Turnover recorded at a value of 0.14.Equitrans Midstream Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

Earnings analysis for Equitrans Midstream Corporation [ETRN]

With the latest financial reports released by the company, Equitrans Midstream Corporation posted 0.94/share EPS, while the average EPS was predicted by analysts to be reported at 0.44/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 113.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ETRN.

Insider trade positions for Equitrans Midstream Corporation [ETRN]

There are presently around $4,235 million, in the hands of institutional investors. The top three institutional holders of ETRN stocks are: CAPITAL INTERNATIONAL INVESTORS with ownership of 36,585,360, which is approximately 27.415% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 35,731,466 shares of the stock with an approximate value of $344.09 million in ETRN stocks shares; and VANGUARD GROUP INC, currently with $245.38 million in ETRN stock with ownership of nearly 23.405% of the company’s market capitalization.

Positions in Equitrans Midstream Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 213 institutional holders increased their position in Equitrans Midstream Corporation [NYSE:ETRN] by around 125,109,910 shares. Additionally, 140 investors decreased positions by around 114,397,920 shares, while 42 investors held positions by with 200,257,903 shares. The mentioned changes placed institutional holdings at 439,765,733 shares, according to the latest SEC report filing. ETRN stock had 72 new institutional investments in for a total of 48,215,897 shares, while 50 institutional investors sold positions of 5,622,664 shares during the same period.

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