Goldman Sachs Gives Equitrans Midstream Corporation a Buy Rating
December 17, 2023
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Goldman – Knox Daily recently gave Equitrans Midstream ($NYSE:ETRN) Corporation a Buy rating based on its performance. Equitrans Midstream Corporation is one of the leading midstream energy companies providing natural gas infrastructure solutions for the Appalachian Basin. Equitrans’ goal is to become the premier provider of infrastructure solutions that enable the safe and reliable transport of natural gas. The company’s business strategy leverages their scale and expertise to reduce costs, improve reliability, and meet the needs of customers in the Appalachian Basin.
Given their strong financials, experienced team of employees, and diverse customer base, Goldman – Knox Daily is confident in Equitrans Midstream Corporation’s future prospects. Investing in this company is viewed as a great opportunity for long-term growth.
Market Price
This positive rating was reflected in the stock price of EQUITRANS MIDSTREAM, which opened at $9.2 and closed at $9.4, representing a 2.6% increase from the last closing price of $9.1. This rating comes as a boost to the company which is looking to continue its success in the midstream energy sector. 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
GoodWhale’s analysis of EQUITRANS MIDSTREAM‘s financials reveals that the company is classified as ‘rhino’, meaning that it has achieved moderate revenue or earnings growth. This makes it an attractive investment for investors who are looking to build a portfolio of steady, reliable and consistent returns over the long term. As for its financial health, our assessment gives EQUITRANS MIDSTREAM an intermediate health score of 6/10. This indicates that the company is likely to safely ride out any crisis without the risk of bankruptcy. We also found that EQUITRANS MIDSTREAM is strong in dividend, growth, profitability and weak in asset. Overall, these assessments suggest that EQUITRANS MIDSTREAM is an attractive investment opportunity for those who are looking for steady and consistent returns over the long run. 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 Corporation has received a Buy rating from Goldman-Knox Daily, signifying that the stock is expected to show positive returns for investors. Analysts believe that the company’s strong financials are indicative of its potential to generate long-term gains in the market. Equitrans has a strong balance sheet, with ample liquidity, and has seen consistent profitability. Furthermore, it has a strong operational record and a diversified portfolio of assets and investments.
The company’s management has taken strategic steps to ensure growth in the future, such as expanding its midstream infrastructure networks and investing in key projects. With its solid financials and potential earnings growth, Equitrans is seen as a sound investment for investors looking for long-term returns.
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