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Equitrans Midstream Corporation (ETRN) down -13.73% since start of the year

Equitrans Midstream Corporation (NYSE: ETRN) is -13.73% lower on its value in year-to-date trading and has touched a low of $5.48 and a high of $9.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ETRN stock was last observed hovering at around $5.62 in the last trading session, with the day’s gains setting it 0.16% off its average median price target of $8.00 for the next 12 months. It is also 42.2% off the consensus price target high of $10.00 offered by 14 analysts, but current levels are 3.67% higher than the price target low of $6.00 for the same period.

Currently trading at $5.78, the stock is -6.71% and -13.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.66 million and changing 2.85% at the moment leaves the stock -24.43% off its SMA200. ETRN registered -22.31% loss for a year compared to 6-month loss of -41.20%.

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The stock witnessed a -15.37% gain in the last 1 month and extending the period to 3 months gives it a -18.36%, and is -3.83% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.20% over the week and 3.60% over the month.

Equitrans Midstream Corporation (ETRN) has around 766 employees, a market worth around $2.55B and $1.36B in sales. Fwd P/E is 6.92. Profit margin for the company is -24.10%. Distance from 52-week low is 5.47% and -41.59% from its 52-week high. The company has generated returns on investments over the last 12 months (1.60%).

Equitrans Midstream Corporation (ETRN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Equitrans Midstream Corporation (ETRN) is a “Hold”. 14 analysts offering their recommendations for the stock have an average rating of 3.20, where 9 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Equitrans Midstream Corporation is expected to release its quarterly report on 05/02/2023.The EPS is expected to grow by 77.70% this year.

Equitrans Midstream Corporation (ETRN) Top Institutional Holders

The shares outstanding are 433.37M, and float is at 431.01M with Short Float at 3.27%.

Equitrans Midstream Corporation (ETRN) Insider Activity

A total of 8 insider transactions have happened at Equitrans Midstream Corporation (ETRN) in the last six months, with sales accounting for 6 and purchases happening 2 times.

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