© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023. Sign-up to receive the latest news and ratings for Equitrans Midstream and its competitors with MarketBeat’s FREE daily newsletter.

Providing innovative solutions and reliable energy infrastructure services in a safe, efficient, and responsible manner – and optimizing delivery of natural gas as a crucial resource to meet the nation’s demand for clean energy. Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. In the Morningstar Style Box, large-cap names account for the largest 70% blackwell global review 2021 of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies. Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Might not be too far away from joining 3M in the Dividend Kings club. The pharmacy company has increased its dividend for 47 consecutive years, and it has paid a dividend in every quarter for more than 90 consecutive years. The industrial giant has increased its dividend for 64 consecutive years. That puts 3M in the elite group of stocks known as Dividend Kings.

Investor Relations Contact:

Per this projection, the revenue is forecast to grow 5.50% above that which the company brought in 2022. A premier North American midstream services company and one of the largest natural gas gatherers in the U.S. Intraday Data provided by FACTSET and subject to terms of use. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.

If you’re willing to take on the risk of owning cheap stocks, these nine picks are all priced under $10. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. The company increased its fiscal 2023 revenue outlook in January. Both are especially encouraging considering that Walgreens won’t benefit as much this year from COVID-19 vaccinations and testing.

In recent days, a crisis in the financial sector has centered around regional banks, as Silicon Valley Bank and Signature Bank collapsed. Both were casualties of poor management in the face of eight interest rate hikes by the Federal Reserve in the last 12 months. On average, analysts have forecast the company’s revenue for the quarter will hit $342.09 million, with the likely lows of $334.77 million and highs of $359.6 million. The average estimate suggests sales growth for the quarter will likely rise by 38.70% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.39 billion for the company’s annual revenue in 2022.

Equitrans Midstream MarketRank™ Forecast

Equitrans and Energy Transfer are two cheap stocks worth a look. There may be delays, omissions, or inaccuracies in the Information. The industry with the best average Zacks Rank would be considered the top industry , which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank would place in the bottom 1%.

“It’s a balance sheet rethink that the market’s have,” Boockvar added, citing that many banks may have bought longer maturity bonds that have reduced in value since the Fed started raising rates. “Also you have to wonder with a lot of these banks if they’re going to have to start going out and raising equity.” Peter Boockvar of Bleakley Financial Group said pressure on the financial sector was growing broadly because the bank failures have changed the mindset of the industry. Sept. 19, 2008 was the last time the fund notched three straight trading days of moves greater than 0.25% in either direction, Bespoke data shows. The ETF has not seen a four-day streak of moves above that size since at least 2002, the data shows.

Shareholders of record on Monday, February 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.38%. The ex-dividend date of this dividend was Friday, February 3rd. The BofA idea is that stocks offering free cash flow and dividends represent a “bird in hand,” while high P/E, growth stocks are “buy the dream” ideas.

Equitrans Midstream downgraded to neutral from buy at UBS

Common stock shares were lifted by -16.45% during last recorded quarter. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.

Was down 1.2%, a drop that pulled the index’s year-to-date gain within one percentage point of its flatline. “The ECB, which meets tomorrow is still priced for 32 basis points, which seems whacky,” Schumacher said, referring to pricing in overnight index swaps. “It’s gapping. It can go almost anywhere. If you try to take https://day-trading.info/ a view right now, the vol is just so high, you can’t do it.” The 10-year was at 3.39%. The dollar index is up 1.28%, on pace for its best day since Mar. 7, when the index gained 1.21%. It is up 0.2% week-to-date and its sixth positive week in seven weeks. “We’re still 100 basis points narrower than last July,” he said.

Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Equitrans Midstream Co. has a 1-year low of $5.48 and a 1-year high of $9.90. The stock’s fifty day simple moving average is $6.68 and its 200 day simple moving average is $7.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.91.

• Provide specific products and services to you, such as portfolio management or data aggregation.
• Throughout our operations, we conduct business to a standard that is consistent with our five core values of Safety; Integrity; Collaboration; Transparency; and Excellence.
• This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 .
• You must click the activation link in order to complete your subscription.
• Our commitment to upholding transparent corporate governance principles bolsters our stakeholders’ confidence and trust in Equitrans.
• An S-3 registration with the SEC is viewed as an intention to sell, but also gives the issuer as long as a three-year window to do so.

This might sound like a broken record, but the pharmacy stock’s steep decline (it’s roughly 40% below the 2021 peak) contributed significantly to the rising yield. My view, though, is that there are better alternatives, with the company’s headwinds likely to persist this year. Some investors will justifiably turn up their noses in favor of stocks with better growth prospects. However, I think that Verizon remains a pretty good pick for income investors.

Private Companies

Finally, Wells Fargo & Company cut Equitrans Midstream from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $12.00 to $8.00 in a research note on Friday, December 16th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.50. His comments come asthe U.S.-traded shares of Credit Suisse sank to an all-time low in trading Wednesday.

Analyst’s Opinion

State of Alaska Department of Revenue lifted its stake in Equitrans Midstream by 2.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 60,039 shares of the company’s stock valued at $449,000 after acquiring an additional 1,585 shares in the last quarter. Pathstone Family Office LLC lifted its stake in Equitrans Midstream by 12.7% in the 3rd quarter. Pathstone Family Office LLC now owns 14,227 shares of the company’s stock valued at $106,000 after acquiring an additional 1,606 shares in the last quarter.

This news sentiment score is similar to the average news sentiment of Oils/Energy companies. A look at the daily price movement shows that the last close reads $5.62, with intraday deals fluctuated between $5.69 and $5.935. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.90 and 52-week low of $5.48.

Shareholders of record on Monday, February 6th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 10.38%. We are proud to pursue energy solutions that meet customer demands, create value for our shareholders, and support our many stakeholders. Our principal assets located throughout the prolific Appalachian Basin, along with several growth projects, distinctively position us to meet the growing and critical energy demands of the United States. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view.

Finally, Wells Fargo & Company lowered shares of Equitrans Midstream from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $12.00 to $8.00 in a report on Friday, December 16th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.50. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

After reassessing Equitrans’ fourth-quarter results and our scenario analysis around the viability of the Mountain Valley Pipeline, or MVP, we are lowering our fair value estimate to $10.80 per share from $14. Broadly, we consider Equitrans to be a high-risk stock, but the current stock prices imply the MVP is already dead, and it is not assigning any probability to the likelihood that MVP can move forward. Through our Corporate Sustainability Report, we outline the important work we do to ensure our operations are safe, sustainable, and responsible.