Equitrans Midstream Corporation (NYSE:ETRN) does about 7.15M shares in volume on a normal day but saw 4846326 shares change hands in Monday trading. The company now has a market cap of 6.02B USD. Its current market price is $13.88, marking an increase of 1.02% compared to the previous close of $13.74. The 52 week high reached by this stock is $13.80 whilst the lowest price level in 52 weeks is $4.65.
Equitrans Midstream Corporation (ETRN) has a 20-day trading average at $12.78 and the current price is 0.58% off the 52-week high compared with 198.49% distance from its 52-week low. The 50-day simple moving average of the closing price is $11.79 and its 200-day simple moving average is $10.21. If we look at the stock’s price movements over the week, volatility stands at 3.24%, which decreases to 2.66% 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 79.87 to suggest the stock is overbought.
The consensus objective for the share price is $12.50, suggesting that the stock has a potential downside of -11.04% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 14, 2023 when Wells Fargo downgraded the stock to “Underweight” and issued a price target of between $9 and $10. Goldman resumed its price target at $11.50.
Equitrans Midstream Corporation (ETRN) stock is up 7.93% over the week and 11.13% over the past month. Its price is 36.35% year-to-date and 177.05% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -11.04 percent from here.
The company has a return on investment of 4.28% and return on equity of 26.77%. The price to earnings ratio (P/E ratio) amounts to 15.70 while the forward price to earnings ratio is 12.10. The beta has a value of 1.97. Price to book ratio is 5.77 and price to sales ratio is 4.32.
