Equitrans Midstream Corporation (NYSE:ETRN) does about 7.34M shares in volume on a normal day but saw 4556853 shares change hands in Monday trading. The company now has a market cap of 4.51B USD and an enterprise value of about $11.59B. Its current market price is $10.28, marking a decrease of -1.34% compared to the previous close of $10.42. The 52 week high reached by this stock is $15.24 whilst the lowest price level in 52 weeks is $3.75. The script in recent trading has seen the stock touch a high of $10.42 and a low of $10.12.
Equitrans Midstream Corporation (ETRN) has a 20-day trading average at $10.72 and the current price is -32.55% off the 52-week high compared with 174.13% distance from its 52-week low. The 50-day simple moving average of the closing price is $9.80 and its 200-day simple moving average is $9.09. If we look at the stock’s price movements over the week, volatility stands at 3.25%, which increases to 4.21% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.03 to suggest the stock is neutral.
The consensus objective for the share price is $12.60, suggesting that the stock has a potential upside of 18.41% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 19, 2020 when BofA Securities downgraded the stock to “Underperform” and issued a price target of . Wells Fargo upgraded its price target at $6-$11.
The current price level is -3.86%, 5.15%, and 12.99% away from its SMA20, SMA50, and SMA200 respectively, with the ETRN price moving above the 50-day SMA on August 31. Equitrans Midstream Corporation (ETRN) stock is down -4.55% over the week and 6.53% over the past month. Its price is -23.05% year-to-date and -23.80% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.22 below consensus estimates by -$0.15. ETRN’s earnings per share are forecast to shrink by -54.70% this year and 1.50% over next year. Expected sales for next quarter are $386.93 million, which analysts say will come at $1.52 billion for the current fiscal year and next year at $1.59 billion. In addition, estimates put the company’s current quarterly revenue at an average of $369.39 million.
To reach the target analysts have set, the stock logically needs to grow 18.41 percent from here.
Outstanding shares total 432.47M with insiders holding 22.59% of the shares and institutional holders owning 116.09% of the company’s common stock. The company has a return on investment of 0.40% and return on equity of -17.80%. The forward price to earnings ratio is 7.43. Price to book ratio is 0.87 and price to sales ratio is 2.77.
According to a U.S. Securities and Exchange Commission filing, Capital Income Builder has added its position in Equitrans Midstream Corporation (ETRN) to 18,930,300 shares, mirroring a recent increase by 69.96%. Capital Income Builder added 7.79 million shares of Equitrans Midstream Corporation common stock bringing its total worth to about $182.68 million at the end of recent close, SEC documents show. Capital Income Builder isn’t the only investment manager who changed stakes and is followed by iShares Core S&P Mid Cap ETF, which sold off 95210.0 shares to end up with 10,774,867 shares worth $103.98 million. Invesco Oppenheimer SteelPath MLP raise their holdings by 86.41% in the company over the course of the most recent quarter. It now holds a 2.38% position in Equitrans Midstream Corporation thanks to 10.3 million shares amounting to $99.42 million.