Value Investing Philosophy And Equitrans Midstream Corporation (NYSE: ETRN)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Equitrans Midstream Announces Quarterly Dividends.

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Stocks Info

ETRN belongs to the Energy sector of the NYSE while operating in the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $10.48 and fluctuated between $10.53 as its day high and $10.22 as its day low. The current market capitalization of Equitrans Midstream Corporation is $4.54B. A total of 4.63 million shares were traded on the day, compared to an average of 3.71M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ETRN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 11 BUYs and 6 SELLs from insiders. Insiders purchased 403,761 shares during that period but sold 12,458.

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.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Equitrans Midstream Corporation pays an annual dividend of $0.60, resulting in a dividend yield of 5.73%, and it has a price to earnings (P/E) ratio of 14.35. ETRN’s most recent ex-dividend date was 2/5/2024 when it declared a $0.15 quarterly dividend that was paid in cash on 2/14/2024. Previously, the company paid the dividend on 11/14/2023 with an ex-dividend date of 11/2/2023. The ETRN stock dividend was $0.15 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ETRN in the last 3 months, the mean price target is $11.55 with high estimates of $13.00 and low estimates of $9.00. In terms of 52-week highs and lows, ETRN has a high of $11.00 and a low of $4.60.

As of this writing, ETRN has an earnings estimate of $Equitrans Midstream Corporation per share for the current quarter. EPS was calculated based on a consensus of Eaton Corporation, PLC estimates, with a high estimate of $Ellington Residential Mortgage per share and a lower estimate of $Entergy Corporation.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $6.95B in debt and $367.58M in liabilities at the time. Its Book Value Per Share was $2.32, while its Total Shareholder’s Equity was $2.65B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 3.36.

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