Equitrans Midstream Corporation [NYSE: ETRN] shares went higher by 0.68% from its previous closing of $13.30, now trading at the price of $13.39, also adding 0.09 points. Is ETRN stock a buy or should you stay away?
The stock had a rather active trading session with the latest closing, by far recording 2.65 million contracts. Compared to the average trading volume of ETRN shares, the company saw a far better performance. Moreover, the stock has a 203.33M float and a +7.81% run over in the last seven days. ETRN share price has been hovering between $23.47 and $12.31 lately, and is definitely worthy of attention.
Equitrans Midstream Corporation [NYSE:ETRN]: Analyst Rating and Earnings
Its stock price has been found in the range of 12.31 to 23.47. This is compared to its latest closing price of $13.30.
Stay on the lookout for the next quarterly financial report – the company is expected to release the following results on Tue 29 Oct (In 44 Days).
Fundamental Analysis of Equitrans Midstream Corporation [ETRN]
Now let’s turn to look at profitability: with a current Operating Margin for Equitrans Midstream Corporation [ETRN] sitting at +66.25 and its Gross Margin at +74.55, this company’s Net Margin is now 10.70%. These metrics indicate that this company is not generating as much profit, after accounting for expenses, compared to its market peers.
This company’s Return on Total Capital is 11.24, and its Return on Invested Capital has reached 11.10%. Its Return on Equity is 27.27, and its Return on Assets is 2.32. These metrics show a mixed bag, which means that this investment’s attractiveness can be quickly increased or decreased in the short term, depending on future updates ETRN financial performance.
Turning to investigate this organization’s capital structure, Equitrans Midstream Corporation [ETRN] has generated a Total Debt to Total Equity ratio of 1,019.29. Similarly, its Total
What about valuation? This company’s Enterprise Value to EBITDA is 6.45 and its Total Debt to EBITDA Value is 3.86. The Enterprise Value to Sales for this firm is now 5.04, and its Total Debt to Enterprise Value stands at 0.33. Equitrans Midstream Corporation [ETRN] has a Price to Book Ratio of 11.12, a Price to Cash Flow Ratio of 7.07 and P/E Ratio of 20.62. These metrics show that this company has a mixed appeal, and ROI could be a gain or a loss.
Shifting the focus to workforce efficiency, Equitrans Midstream Corporation [ETRN] earns $1,941,686 for each employee under its payroll. Similarly, this company’s Receivables Turnover is 6.30 and its Total Asset Turnover is 0.16. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 1.04 and its Current Ratio is 1.04. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.
Equitrans Midstream Corporation [ETRN] has 253.32M shares outstanding, amounting to a total market cap of $3.39B. Its stock price has been found in the range of 12.31 to 23.47. At its current price, it has moved down by -42.95% from its 52-week high, and it has moved up 8.77% from its 52-week low.
This stock’s Relative Strength Index (RSI) is at 43.22. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is Equitrans Midstream Corporation [ETRN] a Reliable Buy?
Shares of Equitrans Midstream Corporation [ETRN], on the whole, present investors with both positive and negative signals. Wall Street analysts have mixed reviews when it comes to the 12-month price outlook, and this company’s financials show a combination of strengths and weaknesses. Based on the price performance, this investment is somewhat risky while presenting reasonable potential for ROI.