Make Sure You Stick With Equitrans Midstream Corporation (ETRN). It’s Bull Time Again

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Equitrans Midstream Announces Pricing of Private Offering of Senior Notes.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

Equitrans Midstream Corporation is listed on the NYSE in the Energy sector while operating in the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $10.69 and fluctuated between $10.78 as its day high and $10.48 as its day low. The current market capitalization of Equitrans Midstream Corporation is $4.64B. A total of 5.12 million shares were traded on the day, compared to an average of 4.05M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. 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 2 BUYs and 1 SELLs from insiders. Insiders purchased 17,500 shares during that period but sold 2,440.

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

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Equitrans Midstream Corporation pays an annual dividend of $0.60, resulting in a dividend yield of 5.61%, and it has a price to earnings (P/E) ratio of 12.10. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ETRN in the last 3 months, the mean price target is $11.46 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 $0.28 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.33 per share and a lower estimate of $0.12. The company reported an EPS of $0.26 in the last quarter, which was 62.50% higher than expectations of $0.16.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $6.95B in debt and $367.58M in liabilities at the time. Its Book Value Per Share was $2.41, while its Total Shareholder’s Equity was $2.65B.

Analysts Opinion

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. 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.

Most Popular

Related Posts