Equitrans Midstream Corp Stock Today
| ETRN Stock | USD 12.89 0.03 0.23% |
Performance19 of 100
| Odds Of DistressLess than 24
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Equitrans Midstream is selling at 12.89 as of the 24th of April 2024; that is 0.23% increase since the beginning of the trading day. The stock's open price was 12.86. Equitrans Midstream has about a 24 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat solid performance during the last 90 days. Equity ratings for Equitrans Midstream Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Energy | IPO Date 31st of October 2018 |
Equitrans Midstream Corporation owns, operates, acquires, and develops natural gas gathering, transmission and storage, and water services assets in the Appalachian Basin. Equitrans Midstream Corporation was incorporated in 2018 and is headquartered in Canonsburg, Pennsylvania. The company has 433.66 M outstanding shares of which 9.39 M shares are currently shorted by private and institutional investors with about 0.93 trading days to cover. More on Equitrans Midstream Corp
Moving together with Equitrans Stock
| 0.88 | AM | Antero Midstream Partners Earnings Call Tomorrow | PairCorr |
| 0.87 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.89 | VNOM | Viper Energy Ut Earnings Call This Week | PairCorr |
Moving against Equitrans Stock
| 0.68 | EURN | Euronav NV Financial Report 9th of May 2024 | PairCorr |
| 0.67 | TK | Teekay | PairCorr |
| 0.66 | CQP | Cheniere Energy Partners Earnings Call This Week | PairCorr |
| 0.63 | PBT | Permian Basin Royalty | PairCorr |
| 0.5 | PXSAW | Pyxis Tankers | PairCorr |
| 0.43 | FLNG | FLEX LNG Financial Report 21st of May 2024 | PairCorr |
Equitrans Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Equitrans Midstream's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Equitrans Midstream or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Thomas Karam | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Utilities (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Oil & Gas Storage & Transportation, Oil & Gas Midstream, Energy, NYSE Composite, ARCA Natural Gas, SP Midcap 400, Utilities, Energy, Oil, Gas & Consumable Fuels, Oil & Gas Midstream, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Equitrans Midstream report their recommendations after researching Equitrans Midstream's financial statements, talking to executives and customers, or listening in on Equitrans Midstream's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Equitrans Midstream Corp. The Equitrans consensus assessment is calculated by taking the average forecast from all of the analysts covering Equitrans Midstream. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Equitrans Midstream's profitability, liquidity, and operating efficiency, Equitrans Midstream Corp may be sliding down financialy. It has an above-average risk of going through some form of financial distress next quarter. Financial strength of Equitrans Midstream Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Equitrans Midstream's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Equitrans Midstream's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Equitrans Midstream's financial leverage. It provides some insight into what part of Equitrans Midstream's total assets is financed by creditors.
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Equitrans Midstream Corp (ETRN) is traded on New York Stock Exchange in USA. It is located in 2200 Energy Drive, Canonsburg, PA, United States, 15317 and employs 773 people. Equitrans Midstream is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.58 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Equitrans Midstream's market, we take the total number of its shares issued and multiply it by Equitrans Midstream's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Equitrans Midstream Corp conducts business under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 433.66 M outstanding shares of which 9.39 M shares are currently shorted by private and institutional investors with about 0.93 trading days to cover.
Equitrans Midstream Corp currently holds about 114.52 M in cash with 1.02 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.26.
Check Equitrans Midstream Probability Of Bankruptcy
Ownership AllocationEquitrans Midstream Corp retains a total of 433.66 Million outstanding shares. The majority of Equitrans Midstream Corp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Equitrans Midstream Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Equitrans Midstream. Please pay attention to any change in the institutional holdings of Equitrans Midstream Corp as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Equitrans Ownership Details
Equitrans Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Equitrans Midstream jumping above the current price in 90 days from now is under 4%. The Equitrans Midstream Corp probability density function shows the probability of Equitrans Midstream stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.2936 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Equitrans Midstream will likely underperform. Additionally, equitrans Midstream Corp has an alpha of 0.2634, implying that it can generate a 0.26 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Equitrans Midstream to move above the current price in 90 days from now is under 4 (This Equitrans Midstream Corp probability density function shows the probability of Equitrans Stock to fall within a particular range of prices over 90 days) .
Equitrans Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Equitrans Midstream that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Equitrans Midstream's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Equitrans Midstream's value.| Instituion | Recorded On | Shares | |
| D. E. Shaw & Co Lp | 2023-09-30 | 7.3 M | |
| Bank Of New York Mellon Corp | 2023-12-31 | 6.6 M | |
| Tortoise Midstream Energy Fund, Inc. | 2023-12-31 | 6.6 M | |
| T. Rowe Price Associates, Inc. | 2023-12-31 | 6.4 M | |
| Blackstone Inc | 2023-12-31 | 5.9 M | |
| Swank Energy Income Advisors, Lp | 2023-12-31 | 5.7 M | |
| Westwood Holdings Group Inc | 2023-12-31 | 5.7 M | |
| Northern Trust Corp | 2023-12-31 | 5.4 M | |
| Norges Bank | 2023-12-31 | 4.9 M | |
| Blackrock Inc | 2023-12-31 | 55.2 M | |
| Vanguard Group Inc | 2023-12-31 | 46.8 M |
Equitrans Midstream Historical Income Statement
Equitrans Midstream Corp Income Statement is one of the three primary financial statements used for reporting Equitrans's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Equitrans Midstream Corp revenue and expense. Equitrans Midstream Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Equitrans Midstream's Interest Income is very stable compared to the past year. As of the 24th of April 2024, Gross Profit is likely to grow to about 1.1 B, though Tax Provision is likely to grow to (17.9 M). View More FundamentalsEquitrans Stock Against Markets
Picking the right benchmark for Equitrans Midstream stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Equitrans Midstream stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Equitrans Midstream is critical whether you are bullish or bearish towards Equitrans Midstream Corp at a given time. Please also check how Equitrans Midstream's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Equitrans Midstream without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Equitrans Midstream Corporate Management
Elected by the shareholders, the Equitrans Midstream's board of directors comprises two types of representatives: Equitrans Midstream inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Equitrans. The board's role is to monitor Equitrans Midstream's management team and ensure that shareholders' interests are well served. Equitrans Midstream's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Equitrans Midstream's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Janice Brenner | Treasurer | Profile | |
| Vicky Bailey | Independent Director | Profile | |
| Sarah Barpoulis | Independent Director | Profile | |
| Kenneth Burke | Independent Director | Profile | |
| D Leland | Independent Director | Profile | |
| Margaret Dorman | Independent Director | Profile | |
| Patricia Collawn | Independent Director | Profile |
How to buy Equitrans Stock?
Before investing in Equitrans Midstream, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Equitrans Midstream. To buy Equitrans Midstream stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Equitrans Midstream. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Equitrans Midstream stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Equitrans Midstream Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Equitrans Midstream Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Equitrans Midstream Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Equitrans Stock please use our How to Invest in Equitrans Midstream guide.
Already Invested in Equitrans Midstream Corp?
The danger of trading Equitrans Midstream Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Equitrans Midstream is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Equitrans Midstream. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Equitrans Midstream Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Equitrans Midstream Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Equitrans Midstream's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Equitrans Midstream Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Equitrans Midstream Corp Stock: 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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 1.061 | Dividend Share 0.6 | Earnings Share 0.89 | Revenue Per Share 3.212 | Quarterly Revenue Growth 0.015 |
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.