How to buy Equitrans Midstream Corporation stock | $8.04

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 800 staff and has a trailing 12-month revenue of around USD$1.6 billion.

How to buy shares in Equitrans Midstream Corporation

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Equitrans Midstream Corporation. Find the stock by name or ticker symbol: ETRN. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Equitrans Midstream Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At last close price of USD$8.04, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Equitrans Midstream Corporation, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Equitrans Midstream Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Equitrans Midstream Corporation share price

Use our graph to track the performance of ETRN stocks over time.

Equitrans Midstream Corporation shares at a glance

• Key figures

Information last updated 2020-12-27.

Latest market close	USD$8.04
52-week range	USD$3.5477 - USD$12.4523
50-day moving average	USD$8.0191
200-day moving average	USD$8.8794
Wall St. target price	USD$11.15
PE ratio	150.2149
Dividend yield	USD$0.6 (7.38%)
Earnings per share (TTM)	USD$0.06

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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

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Equitrans Midstream Corporation price performance over time

Historical closes compared with the close of $8.04 from 2020-12-31

1 week (2021-01-11)	1.01%
1 month (2020-12-18)	-4.40%
3 months (2020-10-16)	-0.99%
6 months (2020-07-17)	-16.60%

1 year (2020-01-17)	-39.78%
2 years (2019-01-18)	-61.66%
3 years (2018-01-15)	N/A
5 years (2016-01-15)	N/A

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 150x. In other words, Equitrans Midstream Corporation shares trade at around 150x recent earnings.

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

Equitrans Midstream Corporation's EBITDA

Equitrans Midstream Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$1.3 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	USD$1.6 billion
Operating margin TTM	61.84%
Gross profit TTM	USD$1.5 billion
Return on assets TTM	4.81%
Return on equity TTM	3.27%
Profit margin	1.4%
Book value	$7.336
Market capitalisation	USD$3.5 billion

TTM: trailing 12 months

Shorting Equitrans Midstream Corporation shares

There are currently 24.4 million Equitrans Midstream Corporation shares held short by investors – that's known as Equitrans Midstream Corporation's "short interest". This figure is 9.1% up from 22.4 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 4.5 million). Equitrans Midstream Corporation's SIR currently stands at 5.47. In other words for every 100,000 Equitrans Midstream Corporation shares traded daily on the market, roughly 5470 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 0.06% of the outstanding shares (for every 100,000 Equitrans Midstream Corporation shares in existence, roughly 60 shares are currently held short) or 0.0652% of the tradable shares (for every 100,000 tradable Equitrans Midstream Corporation shares, roughly 65 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly 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: 40.34% of net profits

Recently Equitrans Midstream Corporation has paid out, on average, around 40.34% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.38% 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 7.38% 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 13 November 2020. The latest dividend was paid out to all shareholders who bought their shares by 2 November 2020 (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 $3.5477 up to $12.4523. 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 2.2848. 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, Transmission, and Water. The Gathering System segment include 990 miles of high-pressure gathering lines with compression of approximately 445,000 horsepower and multiple interconnect points; and approximately 920 miles of Federal Energy Regulatory Commission (FERC) low-pressure gathering lines. Its 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 System segment include two independent systems comprised approximately 180 miles of pipeline that deliver fresh water from the Monongahela River, the Ohio River, local reservoirs, and various regional waterways. Equitrans Midstream Corporation was founded in 2018 and is headquartered in Canonsburg, Pennsylvania.

Frequently asked questions

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

  Currently 12.009% of Equitrans Midstream Corporation shares are held by insiders and 94.193% by institutions.

• How many people work for Equitrans Midstream Corporation?

  Latest data suggests 800 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