Equitrans Midstream Corporation [ETRN] stock is up 6.41 while the S&P 500 has fallen -0.2% on Wednesday, 10/21/20. While at the time of this article, ETRN ATR is sitting at 0.43. This stock’s volatility for the past week remained at 4.82%, while it was 5.07% for the past 30-day period. ETRN has risen $0.52 from the previous closing price of $8.11 on volume of 2.62 million shares.
On 16, October 2020, Equitrans Midstream Announces Quarterly Dividends. According to news published on Yahoo Finance, Equitrans Midstream Corporation (NYSE: ETRN) declared quarterly cash dividends of $0.15 per common share and $0.4873 per share of Series A Perpetual Convertible Preferred Stock for the third quarter 2020. The dividends will be paid on November 13, 2020, to the applicable ETRN shareholders of record at the close of business on November 3, 2020.
Analyst Birdseye View:
The most recent analyst activity for Equitrans Midstream Corporation [NYSE:ETRN] stock was on September 10, 2020, when it was Initiated with a Neutral rating from Goldman, which also raised its 12-month price target on the stock to $12. Before that, on September 25, 2020, Morgan Stanley Recapitulated an Equal-weight rating and elevated its amount target to $10. On August 19, 2020, BofA Securities Downgrade an Underperform rating. On July 14, 2020, JP Morgan Initiated a Neutral rating and increased its price target to $11. On April 27, 2020, Wells Fargo Upgrade an Overweight rating and increased its price target to $11. On January 07, 2020, Wells Fargo Downgrade an Underweight rating and boosted its amount on this stock to $11. On November 25, 2019, Credit Suisse Upgrade an Outperform rating and decreased its target amount on this stock from $17 to $13.
In the past 52 weeks of trading, this stock has oscillated between a low of $3.75 and a peak of $15.24. Right now, according to Wall Street analyst the average 12-month amount target is $12.21. At the most recent market close, shares of Equitrans Midstream Corporation [NYSE:ETRN] were valued at $8.63. According to the average price forecast, investors can expect a potential return of 3.68%.
Equitrans Midstream Corporation [NYSE:ETRN] most recently reported quarterly sales of 340.59 billion, which represented growth of -16.10%. This publicly-traded organization’s revenue is $2,037,803 per employee, while its income is -$254,679 per employee. This company’s Gross Margin is currently 89.50%, its Operating Margin is 2.60%, its Pretax Margin is -0.87, and its Net Margin is -12.50. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -1.81, -36.04, 9.92 and -3.35 respectively.
If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 90.48 and the whole liability to whole assets at 53.11. It shows enduring liability to the whole principal at 90.23 and enduring liability to assets at 0.53 while looking for an extended time period.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 8.03 points at 1st support level, the second support level is making up to 7.95. But as of 1st resistance point, this stock is sitting at 8.27 and at 8.42 for 2nd resistance point.
Equitrans Midstream Corporation [ETRN] reported its earnings at $0.22 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.37/share signifying the difference of -0.15 and -40.50% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.46 calling estimates for $0.29/share with the difference of 0.17 depicting the surprise of 58.60%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Equitrans Midstream Corporation [NYSE:ETRN] is 1.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.26. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.09 and it’s amount to book ratio is 5.06.
The most recent insider trade was by KARAM THOMAS F, Chairman and CEO, and it was the purchase of 45000.0 shares on May 19. Burke Kenneth Michael, the Director, completed a purchase of 20000.0 shares on Mar 12. On Mar 04, KARAM THOMAS F, Chairman and CEO, completed a purchase of 75000.0 shares.