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ETRN
Stock ticker: NASDAQ
AS OF
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Capitalization
4.52B

ETRN Equitrans Midstream Corp Forecast, Technical & Fundamental Analysis

a provider of oil and gas transportations services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ETRN with price predictions
07:00 PM EST Dec 05, 2023

Momentum Indicator for ETRN turns positive, indicating new upward trend

ETRN saw its Momentum Indicator move above the 0 level on November 20, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 78 similar instances where the indicator turned positive. In of the 78 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for ETRN just turned positive on November 13, 2023. Looking at past instances where ETRN's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .

ETRN moved above its 50-day moving average on November 29, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for ETRN crossed bullishly above the 50-day moving average on November 29, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where ETRN advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 229 cases where ETRN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for ETRN moved out of overbought territory on December 06, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 28 similar instances where the indicator moved out of overbought territory. In of the 28 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 56 cases where ETRN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETRN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ETRN broke above its upper Bollinger Band on November 30, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.486) is normal, around the industry mean (86.841). P/E Ratio (14.288) is within average values for comparable stocks, (16.830). ETRN's Projected Growth (PEG Ratio) (0.306) is slightly lower than the industry average of (1.977). Dividend Yield (0.058) settles around the average of (0.068) among similar stocks. P/S Ratio (3.268) is also within normal values, averaging (2.845).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ETRN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ETRN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 67, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Enterprise Products Partners LP (NASDAQ:EPD), Energy Transfer LP (NASDAQ:ET), Cheniere Energy (NASDAQ:LNG), Kinder Morgan (NASDAQ:KMI), Targa Resources Corp (NASDAQ:TRGP), Plains All American Pipeline LP (NASDAQ:PAA), Antero Midstream Corp (NASDAQ:AM), Euronav NV (NASDAQ:EURN), Plains GP Holdings LP (NASDAQ:PAGP), Scorpio Tankers (NASDAQ:STNG).

Industry description

Oil & Gas Pipelines industry includes companies that transport natural gas and crude oil through pipelines. These companies also collect and market the fuels. The pipeline segment could be considered as a midstream operation – functioning as a link between the upstream and downstream operations in the oil and gas industry. Some of the largest U.S. pipeline players include Enterprise Products Partners L.P, TC Energy Corporation and Energy Transfer, L.P.

Market Cap

The average market capitalization across the Oil & Gas Pipelines Industry is 8.67B. The market cap for tickers in the group ranges from 193.53K to 72.06B. ENB holds the highest valuation in this group at 72.06B. The lowest valued company is AGEEF at 193.53K.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Pipelines Industry was -1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 7%. PBNAF experienced the highest price growth at 11%, while CWPE experienced the biggest fall at -25%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Pipelines Industry was 26%. For the same stocks of the Industry, the average monthly volume growth was 34% and the average quarterly volume growth was 32%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 25
P/E Growth Rating: 67
Price Growth Rating: 50
SMR Rating: 65
Profit Risk Rating: 67
Seasonality Score: 27 (-100 ... +100)
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A.I. Advisor
published Earnings

ETRN is expected to report earnings to fall 38.25% to 17 cents per share on February 20

Equitrans Midstream Corp ETRN Stock Earnings Reports
Q4'23
Est.
$0.17
Q3'23
Beat
by $0.22
Q2'23
Est.
$0.09
Q1'23
Beat
by $0.07
Q4'22
Missed
by $0.03
The last earnings report on October 31 showed earnings per share of 28 cents, beating the estimate of 5 cents. With 4.23M shares outstanding, the current market capitalization sits at 4.52B.
A.I.Advisor
published Dividends

ETRN paid dividends on November 14, 2023

Equitrans Midstream Corp ETRN Stock Dividends
А dividend of $0.15 per share was paid with a record date of November 14, 2023, and an ex-dividend date of November 02, 2023. Read more...
A.I. Advisor
published General Information

General Information

a provider of oil and gas transportations services

Industry OilGasPipelines

Profile
Fundamentals
Details
Industry
Oil And Gas Pipelines
Address
2200 Energy Drive
Phone
+1 724 271-7600
Employees
766
Web
https://www.equitransmidstream.com
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ETRN and

Correlation & Price change

A.I.dvisor indicates that over the last year, ETRN has been loosely correlated with ET. These tickers have moved in lockstep 53% of the time. This A.I.-generated data suggests there is some statistical probability that if ETRN jumps, then ET could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ETRN
1D Price
Change %
ETRN100%
-2.09%
ET - ETRN
53%
Loosely correlated
-2.03%
VNOM - ETRN
46%
Loosely correlated
-2.78%
KNTK - ETRN
40%
Loosely correlated
-2.87%
DTM - ETRN
36%
Loosely correlated
-1.38%
AM - ETRN
35%
Loosely correlated
-1.68%
More

Groups containing ETRN

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ETRN
1D Price
Change %
ETRN100%
-2.09%
Industrial Services
(undefined stocks)
37%
Loosely correlated
-0.82%
gas
(undefined stocks)
35%
Loosely correlated
-1.07%
Oil & Gas Pipelines
(undefined stocks)
34%
Loosely correlated
-1.55%
transportation
(undefined stocks)
34%
Loosely correlated
-0.23%
oil
(undefined stocks)
30%
Poorly correlated
-1.65%