Growth and Margin Analysis of Equitrans Midstream Corporation (ETRN)’s Recent Quarter Sales

At the time of writing, Equitrans Midstream Corporation [ETRN] stock is trading at $9.54, down -0.63%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ETRN shares have gain 2.58% over the last week, with a monthly amount drifted -1.04%, and not seem to be holding up well over a long-time horizon.

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On 7, September 2023, Equitrans Midstream Corporation Announces Executive Succession. In a post published today on Yahoo Finance, Diana M. Charletta Appointed Chief Executive Officer.

From an analyst’s perspective:

Equitrans Midstream Corporation [NYSE: ETRN] stock has seen the most recent analyst activity on June 05, 2023, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $14 from $7.

For the past year, the stock price of Equitrans Midstream Corporation fluctuated between $4.60 and $10.48. Currently, Wall Street analysts expect the stock to reach $11.22 within the next 12 months. Equitrans Midstream Corporation [NYSE: ETRN] shares were valued at $9.54 at the most recent close of the market. An investor can expect a potential return of 17.61% based on the average ETRN price forecast.

Analyzing the ETRN fundamentals

According to Equitrans Midstream Corporation [NYSE:ETRN], the company’s sales were 318.47 billion in the recent quarter, which represents an -3.10% plunge. In the same period, the company’s revenue per employee was $1,772,516, whereas its income per employee was -$351,621. Gross Margin for this corporation currently stands at +63.79% with Operating Margin at +54.32%, Pretax Margin comes in at -18.46%, and Net Margin reading is -19.84%. To continue investigating profitability, this company’s Return on Assets is posted at -2.52, Equity is -14.14, Total Capital is 7.87, and Invested Capital is -3.05. An extended look at the Principal structure reveals enduring liabilities to the total capital of 81.43 and enduring liabilities to assets of 67.22.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.45 points at the first support level, and at 9.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.67, and for the 2nd resistance point, it is at 9.81.

Equitrans Midstream Corporation [ETRN] reported earnings per share of $0.12 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.11/share, meaning a difference of $0.01 and a surprise factor of 9.10%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.22 per share as compared to estimates of $0.15 per share, a difference of $0.07 representing a surprise of 46.70%.

Ratios To Look Out For

It is important to note that Equitrans Midstream Corporation [NYSE:ETRN] has a current ratio of 0.90. Further, the Quick Ratio stands at 0.90, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 2.14, the price to book ratio is 3.15.

Transactions by insiders

Recent insider trading involved BAILEY VICKY A, Director, that happened on Mar 24 when 2440.0 shares were sold. Sr VP & CFO, Oliver Kirk R completed a deal on Mar 16 to buy 9000.0 shares. Meanwhile, Sr VP & General Counsel Moore Stephen M bought 8500.0 shares on Mar 14.