How to buy Equitrans Midstream Corporation stock

Equitrans Midstream Corporation is an oil & gas midstream business based in the US. Equitrans Midstream Corporation shares (ETRN) are listed on the NYSE and all prices are listed in US Dollars. Equitrans Midstream Corporation employs 771 staff and has a trailing 12-month revenue of around 0.00.

Equitrans Midstream Corporation share price

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Equitrans Midstream Corporation shares at a glance

• Key figures

Information last updated 2021-04-29.

52-week range	$6.07 - $11.17
50-day moving average	$8.08
200-day moving average	$7.80
Wall St. target price	$10.09
PE ratio	7.8187
Dividend yield	$0.6 (7.22%)
Earnings per share (TTM)	$1.06

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Is it a good time to buy Equitrans Midstream Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Equitrans Midstream Corporation by TradingView

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Is Equitrans Midstream Corporation under- or over-valued?

Valuing Equitrans Midstream Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Equitrans Midstream Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Equitrans Midstream Corporation's P/E ratio

Equitrans Midstream Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, Equitrans Midstream Corporation shares trade at around 8x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Equitrans Midstream Corporation's PEG ratio

Equitrans Midstream Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.422. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Equitrans Midstream Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Equitrans Midstream Corporation's EBITDA

Equitrans Midstream Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.2 billion.

The EBITDA is a measure of a Equitrans Midstream Corporation's overall financial performance and is widely used to measure a its profitability.

Equitrans Midstream Corporation financials

Revenue TTM	$1.5 billion
Operating margin TTM	59.83%
Gross profit TTM	$1.4 billion
Return on assets TTM	4.56%
Return on equity TTM	13.23%
Profit margin	28.01%
Book value	$7.42
Market capitalisation	$3.6 billion

TTM: trailing 12 months

Shorting Equitrans Midstream Corporation shares

There are currently 13.6 million Equitrans Midstream Corporation shares held short by investors – that's known as Equitrans Midstream Corporation's "short interest". This figure is 27.6% down from 18.7 million last month.

There are a few different ways that this level of interest in shorting Equitrans Midstream Corporation shares can be evaluated.

Equitrans Midstream Corporation's "short interest ratio" (SIR)

Equitrans Midstream Corporation's "short interest ratio" (SIR) is the quantity of Equitrans Midstream Corporation shares currently shorted divided by the average quantity of Equitrans Midstream Corporation shares traded daily (recently around 3.9 million). Equitrans Midstream Corporation's SIR currently stands at 3.47. In other words for every 100,000 Equitrans Midstream Corporation shares traded daily on the market, roughly 3470 shares are currently held short.

However Equitrans Midstream Corporation's short interest can also be evaluated against the total number of Equitrans Midstream Corporation shares, or, against the total number of tradable Equitrans Midstream Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Equitrans Midstream Corporation's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Equitrans Midstream Corporation shares in existence, roughly 30 shares are currently held short) or 0.0354% of the tradable shares (for every 100,000 tradable Equitrans Midstream Corporation shares, roughly 35 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Equitrans Midstream Corporation.

Find out more about how you can short Equitrans Midstream Corporation stock.

Equitrans Midstream Corporation share dividends

Dividend payout ratio: 46.15% of net profits

Recently Equitrans Midstream Corporation has paid out, on average, around 46.15% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.48% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Equitrans Midstream Corporation shareholders could enjoy a 7.48% return on their shares, in the form of dividend payments. In Equitrans Midstream Corporation's case, that would currently equate to about $0.6 per share.

While Equitrans Midstream Corporation's payout ratio might seem fairly standard, it's worth remembering that Equitrans Midstream Corporation may be investing much of the rest of its net profits in future growth.

Equitrans Midstream Corporation's most recent dividend payout was on 11 February 2021. The latest dividend was paid out to all shareholders who bought their shares by 3 May 2021 (the "ex-dividend date").

Equitrans Midstream Corporation share price volatility

Over the last 12 months, Equitrans Midstream Corporation's shares have ranged in value from as little as $6.0682 up to $11.169. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Equitrans Midstream Corporation's is 2.333. This would suggest that Equitrans Midstream Corporation's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Equitrans Midstream Corporation overview

Equitrans Midstream Corporation owns, operates, acquires, and develops natural gas gathering, transmission and storage, and water services assets in the Appalachian Basin. It operates through three segments: Gathering System, Transmission and Storage System, and Water Service System. The Gathering System segment include 1,130 miles of high-pressure gathering lines with compression of approximately 485,000 horsepower and multiple interconnect points; and approximately 910 miles of Federal Energy Regulatory Commission (FERC) low-pressure gathering lines. The Transmission and Storage System segment comprises 950 miles of FERC regulated interstate pipeline that connects to seven interstate pipelines and local distribution companies. The Water Service System segment include two independent systems comprised approximately 200 miles of pipeline that deliver fresh water from the Monongahela River, the Ohio River, local reservoirs, and various regional waterways. Equitrans Midstream Corporation was incorporated in 2018 and is headquartered in Canonsburg, Pennsylvania. .

Frequently asked questions

• What percentage of Equitrans Midstream Corporation is owned by insiders or institutions?

  Currently 12.033% of Equitrans Midstream Corporation shares are held by insiders and 101.988% by institutions.

• How many people work for Equitrans Midstream Corporation?

  Latest data suggests 771 work at Equitrans Midstream Corporation.

• When does the fiscal year end for Equitrans Midstream Corporation?

  Equitrans Midstream Corporation's fiscal year ends in December.

• Where is Equitrans Midstream Corporation based?

  Equitrans Midstream Corporation's address is: 2200 Energy Drive, Canonsburg, PA, United States, 15317-0269

• What is Equitrans Midstream Corporation's ISIN number?

  Equitrans Midstream Corporation's international securities identification number is: US2946001011

• What is Equitrans Midstream Corporation's CUSIP number?

  Equitrans Midstream Corporation's Committee on Uniform Securities Identification Procedures number is: 294600101