Equitrans Midstream Corp Stock Price on April 17, 2024
| ETRN Stock | USD 13.66 0.22 1.64% |
Below is the normalized historical share price chart for Equitrans Midstream Corp extending back to October 31, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Equitrans Midstream stands at 13.66, as last reported on the 5th of May, with the highest price reaching 13.72 and the lowest price hitting 13.51 during the day.
If you're considering investing in Equitrans Stock, it is important to understand the factors that can impact its price. Equitrans Midstream appears to be not too volatile, given 3 months investment horizon. Equitrans Midstream Corp secures Sharpe Ratio (or Efficiency) of 0.31, which denotes the company had a 0.31% return per unit of risk over the last 3 months. By reviewing Equitrans Midstream's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize Equitrans Midstream's Mean Deviation of 1.26, coefficient of variation of 337.31, and Downside Deviation of 1.29 to check if our risk estimates are consistent with your expectations.
At this time, Equitrans Midstream's Stock Based Compensation is very stable compared to the past year. As of the 5th of May 2024, Stock Based Compensation To Revenue is likely to grow to 0.03, while Common Stock Shares Outstanding is likely to drop about 357 M. . At this time, Equitrans Midstream's Price Sales Ratio is very stable compared to the past year. As of the 5th of May 2024, Price Fair Value is likely to grow to 2.69, though Price Earnings To Growth Ratio is likely to grow to (0.04). Equitrans Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 31st of October 2018 | 200 Day MA 10.2803 | 50 Day MA 11.9612 | Beta 2.01 |
Equitrans |
Sharpe Ratio = 0.3137
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Estimated Market Risk
| 1.58 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.5 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average Equitrans Midstream is performing at about 24% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Equitrans Midstream by adding it to a well-diversified portfolio.
Price Book 5.2812 | Enterprise Value Ebitda 11.2035 | Price Sales 3.9542 | Shares Float 861.4 M | Dividend Share 0.6 |
Equitrans Midstream Main Headline on 17th of April 2024
Equitrans Midstream Target of Unusually High Options Trading... by news.google.com
Equitrans Midstream Target of Unusually High Options Trading Defense World
Equitrans Midstream Valuation on April 17, 2024
It is possible to determine the worth of Equitrans Midstream on a given historical date. On April 17, 2024 Equitrans was worth 12.33 at the beginning of the trading date compared to the closed value of 12.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Equitrans Midstream stock. Still, in general, we apply an absolute valuation method to find Equitrans Midstream's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Equitrans Midstream where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Equitrans Midstream's related companies.
| Open | High | Low | Close | Volume | |
| 12.39 | 12.40 | 11.97 | 12.29 | 4,441,652 | |
04/17/2024 | 12.33 | 12.50 | 12.27 | 12.27 | 5,260,608 |
| 12.30 | 12.50 | 12.23 | 12.25 | 9,107,919 |
| Backtest Equitrans Midstream | | | Equitrans Midstream History | | | Equitrans Midstream Valuation | Previous | Next |
Equitrans Midstream Trading Date Momentum on April 17, 2024
| On April 18 2024 Equitrans Midstream Corp was traded for 12.25 at the closing time. The top price for the day was 12.50 and the lowest listed price was 12.23 . The trading volume for the day was 9.1 M. The trading history from April 18, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.16% . The overall trading delta against the current closing price is 11.74% . |
Equitrans Midstream Corp Fundamentals Correlations and Trends
By evaluating Equitrans Midstream's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Equitrans Midstream's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Equitrans financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Equitrans Midstream Stock history
Equitrans Midstream investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Equitrans is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Equitrans Midstream Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Equitrans Midstream stock prices may prove useful in developing a viable investing in Equitrans Midstream
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 436.1 M | 357 M | |
| Net Loss | -295.1 M | -280.3 M |
Equitrans Midstream Stock Technical Analysis
Equitrans Midstream technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Equitrans Midstream Period Price Range
Low | April 17, 2024
| High |
12.33 | 12.27 |
Equitrans Midstream May 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Equitrans Midstream stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Equitrans Midstream shares will generate the highest return on investment. By undertsting and applying Equitrans Midstream stock market strength indicators, traders can identify Equitrans Midstream Corp entry and exit signals to maximize returns
Equitrans Midstream Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Equitrans Midstream's price direction in advance. Along with the technical and fundamental analysis of Equitrans Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Equitrans to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1933 | |||
| Jensen Alpha | 0.3771 | |||
| Total Risk Alpha | 0.2922 | |||
| Sortino Ratio | 0.3107 | |||
| Treynor Ratio | 0.3501 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equitrans Midstream Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Equitrans Stock analysis
When running Equitrans Midstream's price analysis, check to measure Equitrans Midstream's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Equitrans Midstream is operating at the current time. Most of Equitrans Midstream's value examination focuses on studying past and present price action to predict the probability of Equitrans Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equitrans Midstream's price. Additionally, you may evaluate how the addition of Equitrans Midstream to your portfolios can decrease your overall portfolio volatility.
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Is Equitrans Midstream's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Equitrans Midstream. If investors know Equitrans will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Equitrans Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.05 | Dividend Share 0.6 | Earnings Share 0.9 | Revenue Per Share 3.183 | Quarterly Revenue Growth (0.03) |
The market value of Equitrans Midstream Corp is measured differently than its book value, which is the value of Equitrans that is recorded on the company's balance sheet. Investors also form their own opinion of Equitrans Midstream's value that differs from its market value or its book value, called intrinsic value, which is Equitrans Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Equitrans Midstream's market value can be influenced by many factors that don't directly affect Equitrans Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Equitrans Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equitrans Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equitrans Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.