Equitrans Competitors

Summary

ETRNDelisted Stock

USD 12.42 0.06 0.49%

Equitrans Midstream Corp competes with MPLX LP, Plains All, Hess Midstream, Plains GP, and Targa Resources; as well as few others. The company conducts business under Oil, Gas & Consumable Fuels sector and is part of Energy industry. Analyzing Equitrans Midstream competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Equitrans Midstream to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Equitrans Midstream competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
12.42	12.42	12.42

Details

Intrinsic

Valuation

Low	Real	High
10.95	10.95	13.66

Details

Equitrans Midstream Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Equitrans Midstream and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Equitrans and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Equitrans Midstream Corp does not affect the price movement of the other competitor.

	CEQP	MPLX	PAA	HESM	PAGP	DCP	TRGP	WES	HEP	ENLC
CEQP		0.81	-0.01	-0.17	-0.07	0.79	0.87	-0.05	0.95	0.74	CEQP
MPLX	0.81		0.31	0.11	0.22	0.79	0.93	0.1	0.79	0.87	MPLX
PAA	-0.01	0.31		0.75	0.98	-0.11	0.13	0.49	-0.09	0.06	PAA
HESM	-0.17	0.11	0.75		0.79	-0.31	0.03	0.43	-0.25	-0.15	HESM
PAGP	-0.07	0.22	0.98	0.79		-0.22	0.05	0.46	-0.17	-0.04	PAGP
DCP	0.79	0.79	-0.11	-0.31	-0.22		0.81	0.1	0.83	0.88	DCP
TRGP	0.87	0.93	0.13	0.03	0.05	0.81		-0.03	0.86	0.87	TRGP
WES	-0.05	0.1	0.49	0.43	0.46	0.1	-0.03		-0.05	0.09	WES
HEP	0.95	0.79	-0.09	-0.25	-0.17	0.83	0.86	-0.05		0.75	HEP
ENLC	0.74	0.87	0.06	-0.15	-0.04	0.88	0.87	0.09	0.75		ENLC
	CEQP	MPLX	PAA	HESM	PAGP	DCP	TRGP	WES	HEP	ENLC

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High positive correlations

PAGP	+ 0.98	PAA
HEP	+ 0.95	CEQP
TRGP	+ 0.93	MPLX
ENLC	+ 0.88	DCP
TRGP	+ 0.87	CEQP
ENLC	+ 0.87	MPLX

High negative correlations

DCP	- 0.31	HESM
HEP	- 0.25	HESM
DCP	- 0.22	PAGP
HEP	- 0.17	PAGP
HESM	- 0.17	CEQP
ENLC	- 0.15	HESM

Risk-Adjusted Indicators

There is a big difference between Equitrans Stock performing well and Equitrans Midstream Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Equitrans Midstream's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CEQP	1.40	0.33	0.12	(1.01)	1.19	(1.74)	3.48	(2.49)	11.57
MPLX	0.69	0.21	0.22	0.57	0.06	(0.82)	2.22	(0.83)	3.20
PAA	0.98	(0.04)	(0.05)	0.07	1.30	(1.01)	1.95	(2.14)	6.78
HESM	0.90	(0.02)	(0.07)	0.07	1.13	(0.98)	2.08	(2.13)	5.41
PAGP	0.93	(0.02)	(0.05)	0.09	1.24	(0.94)	2.30	(1.72)	5.97
DCP	0.08	0.01	(0.91)	(0.38)	0.00	(0.11)	0.22	(0.15)	0.53
TRGP	1.19	0.50	0.25	0.96	1.15	(1.38)	2.39	(1.92)	7.97
WES	1.08	0.02	(0.04)	0.20	1.38	(1.09)	2.07	(2.16)	5.82
HEP	1.05	0.21	0.07	4.82	1.08	(1.11)	2.21	(1.97)	4.89
ENLC	0.84	0.23	0.20	0.63	0.49	(1.07)	1.56	(1.26)	11.30

Unable to evaluate fundamental data of [CEQP, MPLX, PAA, HESM, PAGP, DCP, TRGP, WES, HEP, ENLC, NS, MMP] at this time. Please try again later

All Fundamental Data

Equitrans Midstream Competitive Analysis

The better you understand Equitrans Midstream competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Equitrans Midstream's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Equitrans Midstream's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	ETRN	CEQP	MPLX	PAA	HESM	PAGP	DCP	TRGP	WES	HEP
	0.49 12.42 Equitrans	1.87 29.42 Crestwood	0.83 49.09 MPLX	2.06 17.57 Plains	0.44 36.62 Hess	1.97 18.87 Plains	0.00 41.69 DCP	3.01 201.06 Targa	1.41 38.32 Western	2.59 19.44 Holly
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Very Weak	Solid	Insignificant	Weak	Insignificant	Very Weak	Solid	Insignificant	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Dangerous	Dangerous	Very Small	Below Average	Below Average	Below Average	Dangerous	Low	Below Average	Dangerous
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Fairly Valued	Fairly Valued	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Buy	Buy	Buy	Buy	Not Available	Strong Buy	Buy	Not Available
Trade Advice (90 Days Macroaxis Advice)	Not Rated	Not Rated	Strong Buy	Strong Hold	Cautious Hold	Strong Hold	Not Rated	Strong Buy	Cautious Hold	Not Rated
Current Ratio	1.3	1.34	0.78	0.97	0.93	1.04	0.91	0.69	1.2	1.18
Net Asset	11.71 B	6.57 B	36.53 B	27.36 B	3.79 B	28.6 B	13.33 B	20.67 B	12.47 B	2.75 B
Profit Margin	0.32	0.0407	0.39	0.0208	0.13	0.0033	0.0832	0.0777	0.42	0.41
EBITDA	1.21 B	364.2 M	5.54 B	2.41 B	1.02 B	3.05 B	1.35 B	3.96 B	1.89 B	311.91 M
Operating Margin	0.49	0.0619	0.4	0.0367	0.61	0.0272	0.0604	0.19	0.43	0.45
Current Valuation	14.33 B	7.32 B	70.85 B	20.23 B	7.31 B	11.41 B	12.97 B	59.42 B	21.6 B	4.24 B
Price To Book	5.28	1.52	3.67	1.23	7.21	2.6	1.28	17.56	4.57	2.96
Retained Earnings	(2.93 B)	356.6 M	(12.46 B)	1.63 B	179.7 M	1.1 B	1.83 K	492 M	1.22 B	581.16 M
Current Asset	362.15 M	70.02 M	576 M	2.97 B	77.11 M	2.97 B	306 M	920 M	299.22 M	61.14 M
Five Year Return	N/A	10.58	9.83	8.35	7.12	8.08	11.17	7.2	10.44	9.94
Beta	2.02	2.41	1.34	1.59	1.48	1.52	2.33	2.24	2.82	0.84
Number Of Employees	773	753	N/A	4.2 K	N/A	N/A	37	3.18 K	1.38 K	24
Shares Outstanding	436.94 M	105.1 M	1.02 B	703.67 M	104.07 M	197.47 M	208.66 M	218.06 M	380.56 M	126.44 M
Cash Flow From Operations	1.02 B	439.2 M	5.4 B	2.73 B	866.4 M	2.72 B	1.88 B	3.21 B	1.66 B	331.05 M
Annual Yield	0.0483	0.0927	0.0773	0.0708	0.0745	0.066	0.0413	0.0145	0.09	0.0685
Total Debt	7.59 B	3.41 B	20.91 B	8.16 B	3.21 B	8.09 B	4.36 B	13.01 B	7.96 B	1.63 B
Return On Equity	0.22	0.11	0.32	0.1	1.44	0.0903	0.2	0.34	0.49	0.25
Z Score	N/A	1.72	N/A	N/A	N/A	N/A	2.58	N/A	N/A	1.83
Return On Asset	0.0386	0.0341	0.074	0.0371	0.14	0.0327	0.0403	0.0781	0.0777	0.0573
Number Of Shares Shorted	11.13 M	1.49 M	9.47 M	9.38 M	4.5 M	7.15 M	3.46 M	3.5 M	5.51 M	1.65 M
Book Value Per Share	2.44	11.46	13.17	11.28	5.1	7.4	28.1	11.79	8.48	7.09
Current Liabilities	364.79 M	62.22 M	625 M	3.41 B	199.97 M	3.41 B	200 M	881.6 M	235.49 M	48.92 M
Total Asset	11.71 B	6.57 B	36.53 B	27.36 B	3.79 B	28.6 B	13.33 B	20.67 B	12.47 B	2.75 B
Debt To Equity	2.52	1.25	1.51	0.69	6.03	0.61	0.85	1.7	2.34	1.74
Short Ratio	2.06	2.27	7.44	4.75	5.92	5.21	6.39	2.19	5.78	4.43
Target Price	13.63	28.5	49.62	20.13	40.2	20.2	42.0	194.6	39.98	21.5
Last Dividend Paid	0.3	0.66	3.51	1.27	2.64	1.27	1.72	2.75	3.2	1.4
Shares Owned By Institutions	87.36	53.17	25.29	42.02	92.7	83.0	36.78	91.98	85.12	26.36
Market Capitalization	5.43 B	2.97 B	50.43 B	12.62 B	8.02 B	4.48 B	8.7 B	45.21 B	14.79 B	2.59 B
Price To Earning	7.56	6.31	8.94	15.06	21.18	12.36	7.75	75.42	10.32	11.36
Price To Earnings To Growth	0.6	-4.07	2.35	2.27	1.57	0.71	6.76	1.23	5.48	3.69
Price To Sales	3.95	0.48	4.57	0.25	5.51	0.089	0.51	2.79	4.18	4.56
Net Income	454.75 M	72.5 M	3.93 B	1.23 B	118.6 M	198 M	1.06 B	828.2 M	998.53 M	229.91 M
Earnings Per Share	0.9	1.29	4.24	1.13	2.36	0.84	5.38	5.54	3.91	1.9
Shares Owned By Insiders	0.69	10.79	63.74	33.99	1.12	2.69	56.5	1.4	0.3	63.99
Revenue	1.39 B	6 B	10.68 B	48.71 B	1.35 B	48.71 B	14.99 B	16.06 B	3.11 B	547.48 M
Working Capital	(187.37 M)	143.6 M	184 M	(90 M)	(73.4 M)	(89 M)	(802 M)	(566.3 M)	(311.65 M)	17.29 M
Cash And Equivalents	114.52 M	13.8 M	121 M	324 M	2.6 M	695 M	1000 K	154 M	286.66 M	10.92 M
Cash Per Share	0.26	0.13	0.12	0.46	0.06	3.58	0.06	0.68	0.41	0.12
Gross Profit	1.2 B	1 B	6.12 B	2.85 B	995.6 M	2.85 B	1.62 B	4.05 B	2.18 B	336.86 M
Day Typical Price	12.41	29.22	49.26	17.71	36.73	19.03	41.69	203.27	38.53	19.36
Accumulation Distribution	0.027	0.0241	36315.06	54841.85	23606.23	29377.32	N/A	174156.0	25728.71	0.0376
Market Facilitation Index	0.34	0.71	0.0	N/A	0.0	N/A	N/A	0.0	0.0	0.74
Daily Balance Of Power	0.1765	0.7606	(0.38)	(0.79)	(0.19)	(0.78)	0.0	(0.67)	(0.49)	0.6622
Period Momentum Indicator	0.06	0.54	(0.41)	(0.37)	(0.16)	(0.38)	N/A	(6.25)	(0.55)	0.49
Rate Of Daily Change	1.0	1.02	0.99	0.98	1.0	0.98	1.0	0.97	0.99	1.03
Day Median Price	12.4	29.13	49.34	17.77	36.78	19.12	41.69	204.38	38.64	19.32
Price Action Indicator	0.05	0.57	(0.45)	(0.39)	(0.25)	(0.43)	N/A	(6.44)	(0.59)	0.37
Coefficient Of Variation	3613.9	625.76	323.05	2138.43	2766.46	1967.39	751.89	281.48	1856.83	566.61
Mean Deviation	1.3	1.4	0.6887	0.9761	0.904	0.9336	0.0826	1.19	1.08	1.05
Jensen Alpha	0.0419	0.3328	0.2064	(0.04)	(0.02)	(0.02)	0.0076	0.504	0.025	0.2114
Total Risk Alpha	(0.22)	(0.01)	0.1238	(0.15)	(0.16)	(0.14)	(0.01)	0.3163	(0.15)	0.0144
Sortino Ratio	(0.06)	0.124	0.2174	(0.05)	(0.07)	(0.05)	(0.91)	0.2529	(0.04)	0.0728
Downside Variance	2.28	2.03	0.4241	1.93	1.36	1.66	0.0159	3.24	2.05	1.74
Standard Deviation	1.63	1.92	0.8798	1.27	1.2	1.24	0.1186	1.65	1.34	1.29
Kurtosis	(0.23)	4.49	0.1354	1.03	0.7831	0.8753	3.6	3.5	(0.12)	(0.76)
Potential Upside	2.84	3.48	2.22	1.95	2.08	2.3	0.217	2.39	2.07	2.21
Treynor Ratio	(0.62)	(1.01)	0.567	0.0704	0.0732	0.0888	(0.38)	0.9646	0.202	4.82
Maximum Drawdown	7.37	11.57	3.2	6.78	5.41	5.97	0.5341	7.97	5.82	4.89
Variance	2.65	3.7	0.774	1.62	1.44	1.53	0.0141	2.72	1.8	1.65
Market Risk Adjusted Performance	(0.61)	(1.00)	0.577	0.0804	0.0832	0.0988	(0.37)	0.9746	0.212	4.83
Risk Adjusted Performance	0.0265	0.1286	0.2387	0.0398	0.0313	0.0428	0.0474	0.2778	0.0456	0.1394
Skewness	0.3671	1.45	0.6988	(0.44)	0.0499	(0.24)	(0.55)	(0.61)	(0.34)	(0.14)
Semi Deviation	1.45	1.19	0.0646	1.3	1.13	1.24	0.0	1.15	1.38	1.08
Information Ratio	(0.05)	0.0918	0.1609	(0.06)	(0.07)	(0.05)	(0.97)	0.276	(0.04)	0.0747
Value At Risk	(2.48)	(2.49)	(0.83)	(2.14)	(2.13)	(1.72)	(0.15)	(1.92)	(2.16)	(1.97)
Expected Short fall	(1.43)	(1.74)	(0.82)	(1.01)	(0.98)	(0.94)	(0.11)	(1.38)	(1.09)	(1.11)
Downside Deviation	1.51	1.42	0.6512	1.39	1.17	1.29	0.1262	1.8	1.43	1.32
Semi Variance	2.1	1.42	0.0042	1.68	1.27	1.54	(0.01)	1.31	1.9	1.16

Equitrans Midstream Competition Performance Charts

Five steps to successful analysis of Equitrans Midstream Competition

Equitrans Midstream's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Equitrans Midstream Corp in relation to its competition. Equitrans Midstream's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Equitrans Midstream in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Equitrans Midstream's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Equitrans Midstream Corp, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Equitrans Midstream position

In addition to having Equitrans Midstream in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Other Consideration for investing in Equitrans Stock

If you are still planning to invest in Equitrans Midstream Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Equitrans Midstream's history and understand the potential risks before investing.

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