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The closing price of Equitrans Midstream Corporation (NYSE: ETRN) was $12.88 for the day, down -0.85% from the previous closing price of $12.99. In other words, the price has decreased by -$0.85 from its previous closing price. On the day, 4.6 million shares were traded. ETRN stock price reached its highest trading level at $13.25 during the session, while it also had its lowest trading level at $12.78.
Ratios:
Our analysis of ETRN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 109.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.82. 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 5627735552 and an Enterprise Value of 20144560128. As of this moment, Equitrans’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.35, and their Forward P/E ratio for the next fiscal year is 14.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.07 while its Price-to-Book (P/B) ratio in mrq is 5.19. Its current Enterprise Value per Revenue stands at 14.578 whereas that against EBITDA is 20.095.
Stock Price History:
The Beta on a monthly basis for ETRN is 2.02, which has changed by 0.43535912 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, ETRN has reached a high of $14.64, while it has fallen to a 52-week low of $8.57. The 50-Day Moving Average of the stock is -5.17%, while the 200-Day Moving Average is calculated to be 14.71%.
Shares Statistics:
ETRN traded an average of 5.56M shares per day over the past three months and 3165610 shares per day over the past ten days. A total of 436.94M shares are outstanding, with a floating share count of 434.19M. Insiders hold about 0.63% of the company’s shares, while institutions hold 85.89% stake in the company. Shares short for ETRN as of 1719532800 were 11134175 with a Short Ratio of 2.00, compared to 1717113600 on 11982529. Therefore, it implies a Short% of Shares Outstanding of 11134175 and a Short% of Float of 3.35.
Dividends & Splits
With its trailing 12-month dividend rate of 0.6, ETRN has a forward annual dividend rate of 0.60. Against a Trailing Annual Dividend Yield of 0.04618938The stock’s 5-year Average Dividend Yield is 9.75.
