ETRN Stock Summary and Trading Ideas (Equitrans Midstream Common | NYSE:ETRN)

Equitrans acquired EQM Midstream in mid-2020, consolidating the midstream family. Equitrans now own EQM assets directly versus just unit ownership. EQM Midstream provides gathering, transmission, and water services to primarily Appalachian producers in Pennsylvania, West Virginia, and Ohio.

Equitrans Midstream Common trades on the NYSE stock market under the symbol ETRN.

As of April 17, 2024, ETRN stock price declined to $12.27 with 4,175,329 million shares trading.

ETRN has a beta of 1.31, meaning it tends to be more sensitive to market movements. ETRN has a correlation of 0.09 to the broad based SPY ETF.

ETRN has a market cap of $5.32 billion. This is considered a Mid Cap stock.

Last quarter Equitrans Midstream Common reported $361 million in Revenue and $.32 earnings per share. This fell short of revenue expectation by $-6 million and exceeded earnings estimates by $.12.

In the last 3 years, ETRN stock traded as high as $13.06 and as low as $4.60.

The top ETF exchange traded funds that ETRN belongs to (by Net Assets): IJH, VTI, VB, IWM, VBR.

ETRN has outperformed the market in the last year with a price return of +163.2% while the SPY ETF gained +23.0%. ETRN has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.7% and -1.2%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

ETRN support price is $12.07 and resistance is $12.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ETRN stock will trade within this expected range on the day.