Analyzing Ratios: Equitrans Midstream Corporation (ETRN)’s Financial Story Unveiled

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The price of Equitrans Midstream Corporation (NYSE: ETRN) closed at $12.71 in the last session, down -2.00% from day before closing price of $12.97. In other words, the price has decreased by -$2.00 from its previous closing price. On the day, 2.58 million shares were traded. ETRN stock price reached its highest trading level at $12.95 during the session, while it also had its lowest trading level at $12.6.


We take a closer look at ETRN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 108.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.69. For the most recent quarter (mrq), Quick Ratio is recorded 0.63 and its Current Ratio is at 0.63. In the meantime, Its Debt-to-Equity ratio is 4.43 whereas as Long-Term Debt/Eq ratio is at 4.26.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on December 14, 2023, Downgraded its rating to Underweight and sets its target price to $10 from $9 previously.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ETRN now has a Market Capitalization of 5553456640 and an Enterprise Value of 19901710336. As of this moment, Equitrans’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.16, and their Forward P/E ratio for the next fiscal year is 14.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.02 while its Price-to-Book (P/B) ratio in mrq is 5.12. Its current Enterprise Value per Revenue stands at 14.402 whereas that against EBITDA is 19.853.

Stock Price History:

Over the past 52 weeks, ETRN has reached a high of $14.64, while it has fallen to a 52-week low of $8.44. The 50-Day Moving Average of the stock is -6.99%, while the 200-Day Moving Average is calculated to be 14.20%.

Shares Statistics:

According to the various share statistics, ETRN traded on average about 6.00M shares per day over the past 3-months and 3587620 shares per day over the past 10 days. A total of 436.94M shares are outstanding, with a floating share count of 434.17M. Insiders hold about 0.63% of the company’s shares, while institutions hold 85.93% stake in the company. Shares short for ETRN as of 1718323200 were 12147448 with a Short Ratio of 2.02, compared to 1715731200 on 11188195. Therefore, it implies a Short% of Shares Outstanding of 12147448 and a Short% of Float of 3.65.

Dividends & Splits

The forward annual dividend rate for ETRN is 0.60, which was 0.6 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.046260603The stock’s 5-year Average Dividend Yield is 9.75.

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