Equitrans Midstream Corporation [NYSE: ETRN] closed the trading session at $13.49.
The stocks have a year to date performance of 32.51 percent and weekly performance of -5.73 percent. The stock has been moved at 34.10 percent over the last six months. The stock has performed -1.17 percent around the most recent 30 days and changed 21.97 percent over the most recent 3-months.
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If compared to the average trading volume of 6.96M shares, ETRN reached to a volume of 5286368 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $15.00 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 2.80. 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.
Wells Fargo have made an estimate for Equitrans Midstream Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on December 14, 2023. The new note on the price target was released on December 04, 2023, representing the official price target for Equitrans Midstream Corporation stock. Previously, the target price had yet another raise to $11.50, while Goldman analysts kept a Buy rating on ETRN stock.
The Average True Range (ATR) for Equitrans Midstream Corporation is set at 0.37, with the Price to Sales ratio for ETRN stock in the period of the last 12 months amounting to 4.27. The Price to Book ratio for the last quarter was 5.43, with the Price to Cash per share for the same quarter was set at 0.12. Price to Free Cash Flow for ETRN in the course of the last twelve months was 10.29 with Quick ratio for the last quarter at 0.63.
ETRN stock trade performance evaluation
Equitrans Midstream Corporation [ETRN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.73. With this latest performance, ETRN shares dropped by -1.17% in over the last four-week period, additionally plugging by 34.10% over the last 6 months – not to mention a rise of 43.82% 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 41.41, with the RSI for the last a single of trading hit 31.81, and the three-weeks RSI is set at 47.37 for Equitrans Midstream Corporation [ETRN]. The present Moving Average for the last 50 days of trading for this stock 13.54, while it was recorded at 14.00 for the last single week of trading, and 10.93 for the last 200 days.
Equitrans Midstream Corporation [ETRN]: An insightful look at the core fundamentals
Equitrans Midstream Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.63 and a Current Ratio set at 0.63.
Earnings per share (EPS) analysis for Equitrans Midstream Corporation [ETRN] stock
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Equitrans Midstream Corporation go to 8.60%.
Equitrans Midstream Corporation [ETRN]: Institutional Ownership
The top three institutional holders of ETRN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ETRN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ETRN stock with ownership which is approximately 5.8386%.
