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Tuesday, June 6, 2023

The Question Is Whether To Buy Or Not To Buy Equitrans Midstream Corporation (NYSE: ETRN)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Equitrans Midstream Corporation (ETRN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 1.00%, to $5.06. The Equitrans Midstream Corporation has recorded 103,502 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Equitrans Midstream Announces First Quarter 2023 Results.

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Stocks Info

Equitrans Midstream Corporation is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $5.01 and fluctuated between $5.28 as its day high and $4.98 as its day low. The current market capitalization of Equitrans Midstream Corporation is $2.12B. A total of 8.72 million shares were traded on the day, compared to an average of 5.56M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ETRN has seen 11 BUY and 6 SELL insider trades, representing the acquisition of 403,761 and the disposition of 12,458 shares. Over the last 12 months, there were 13 BUYs and 12 SELLs from insiders. Insiders purchased 452,529 shares during that period but sold 90,902.

In the most recent transaction, BAILEY VICKY A sold 2,440 shares of ETRN for 5.09 per share on Mar 24. After the transaction, the Director now owns 0 company shares. In a previous transaction on Mar 16, Oliver Kirk R bought 9,000 shares at 5.46 per share. ETRN shares that Sr VP & CFO owns now total 39,118.

Among the insiders who bought shares, Moore Stephen M acquired of 8,500 shares on Mar 14 at a per-share price of $5.86. This resulted in the Sr VP & General Counsel holding 188,916 shares of ETRN after the transaction.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. ETRN’s most recent ex-dividend date was 5/4/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 5/15/2023. Previously, the company paid the dividend on 2/14/2023 with an ex-dividend date of 2/3/2023. The ETRN stock dividend was $0.15 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ETRN in the last 3 months, the mean price target is $6.78 with high estimates of $10.00 and low estimates of $5.00. In terms of 52-week highs and lows, ETRN has a high of $9.90 and a low of $4.60.

As of this writing, ETRN has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.13 per share and a lower estimate of $0.07.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ETRN’s latest balance sheet shows that the firm has $134.66M in Cash & Short Term Investments as of fiscal 2021. There were $6.94B in debt and $367.58M in liabilities at the time. Its Book Value Per Share was $2.12, while its Total Shareholder’s Equity was $2.69B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ETRN is Hold with a score of 2.60. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 8 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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