Equitrans Midstream Intrinsic Stock Value – Analyzing the Value of Equitrans Midstream Corp Stock
December 9, 2023
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Analyzing the value of Equitrans Midstream ($NYSE:ETRN) Corp stock is an important part of making informed decisions when investing. Equitrans Midstream Corp is a publicly traded company that focuses on the transportation, storage, and gathering of natural gas in the Appalachian region. It is headquartered in Pittsburgh, Pennsylvania and its stock trades on the New York Stock Exchange under the ticker symbol ETRN. The market value of a stock is the price that investors are willing to pay for it at any given time.
Additionally, investors can also review the company’s financials and performance to gain insight into how the company is doing and what its future prospects may be. By understanding these key metrics, investors can make an educated decision as to the value of Equitrans Midstream Corp stock.
Market Price
On Tuesday, Equitrans Midstream Corp stock opened at $10.1 and closed at the same price, indicating that there was little movement in the stock. This stability in the stock price could indicate a number of different things. For example, it may mean that traders are content with the current stock price and are not speculating on future returns.
Conversely, it could signify a lack of interest in the stock or a general bearishness in the sector. With this in mind, investors must carefully consider their investment decisions regarding Equitrans Midstream Corp stock, as even a minor change in stock price can have a big impact on their portfolio. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Equitrans Midstream. More…
| Total Revenues | Net Income | Net Margin |
| 1.39k | 318.46 | 27.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Equitrans Midstream. More…
| Operations | Investing | Financing |
| 824.1 | -695.45 | 3.89 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Equitrans Midstream. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.03k | 8.88k | 3.9 |
Key Ratios Snapshot
Some of the financial key ratios for Equitrans Midstream are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.0% | -11.2% | 57.0% |
| FCF Margin | ROE | ROA |
| 32.0% | 29.8% | 4.5% |
Analysis – Equitrans Midstream Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of EQUITRANS MIDSTREAM‘s fundamentals. Through our proprietary Valuation Line, we found an intrinsic value of around $8.5 per share. This value is currently higher than the stock’s current market price of $10.1, meaning that it is somewhat overvalued by 19.3%. This suggests that investors should be careful when deciding whether to purchase EQUITRANS MIDSTREAM stock at its current price. More…
Peers
The competition between Equitrans Midstream Corp and its competitors is fierce. Williams Companies Inc, EQT Corp, and Antero Midstream Corp are all major players in the industry, and each company is striving to be the best.
– Williams Companies Inc ($NYSE:WMB)
The Williams Companies, Inc. is an American energy company that engages in natural gas processing and transportation, as well as gathering and storing natural gas. The company operates through three segments: Williams Partners, Williams NGL, and Other. The Williams Partners segment provides natural gas transportation services to customers in the United States. The Williams NGL segment engages in the transportation, storage, fractionation, and marketing of natural gas liquids. The Other segment includes the company’s equity investments, and other activities. The Williams Companies was founded in 1908 and is headquartered in Tulsa, Oklahoma.
– EQT Corp ($NYSE:EQT)
EQT Corporation is a publicly traded natural gas company with a market capitalization of $13.99 billion as of 2022. The company has a return on equity of -5.33%. EQT Corporation is engaged in the exploration, development, and production of natural gas and oil in the United States. The company was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania.
– Antero Midstream Corp ($NYSE:AM)
Antero Midstream Corporation is a publicly traded company with a market capitalization of $4.93 billion as of March 2022. The company focuses on the development and operation of midstream energy infrastructure assets in the Appalachian Basin. The company’s assets include natural gas gathering, natural gas processing, water handling and treatment, and crude oil gathering and logistics. Antero Midstream’s return on equity was 17.29% as of March 2022.
Summary
Equitrans Midstream Corp is a midstream energy company that transports, gathers, processes, and stores natural gas and natural gas liquids. The company operates in the Appalachian Basin, which is one of the most prolific areas for natural gas production in the United States. Analysts believe that Equitrans Midstream’s stock is currently undervalued, due to its access to a highly profitable market and its strong financials. The company has no long-term debt and a healthy balance sheet, and offers an attractive dividend yield.
Additionally, analysts believe the company is well positioned to benefit from increasing domestic natural gas demand and growing production in the Appalachian Basin. Equitrans Midstream’s current stock price does not fully reflect its potential future growth and investors should consider the stock as a long-term investment with good upside potential.
