These dividend stocks have attractive yields and are cheap, to boot. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Zacks Earnings ESP 3 penny stocks to buy according to top stock market analysts looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. It pays a dividend yield of 10.68%, putting its dividend yield in the top 25% of dividend-paying stocks.
- The company has a debt-to-equity ratio of 4.91, a quick ratio of 0.94 and a current ratio of 0.94.
- China’s industrial output rose 2.4% in the January to February period, official data showed.
- Our major customers are primarily natural gas producers, along with commercial and industrial users, marketers, and local distribution companies.
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.
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.
NASDAQ: WBA
As our Core Values define who we are as a company, our corporate sustainability framework incorporates these values into its five pillars to define our approach to sustainability. The five pillars are designed to enable Equitrans to deliver long-term, sustainable value to all of our stakeholders. In June 2020, a wholly owned subsidiary of Equitrans Midstream merged with and into EQM Midstream Partners, LP , and as a result of the merger, EQM became a wholly owned subsidiary of Equitrans Midstream. EQM owns, operates, acquires, and develops midstream assets in the Appalachian Basin. Additionally, EQM holds a 60 percent class A interest in Eureka Midstream Holdings, LLC , a 45.7 percent interest in the Mountain Valley Pipeline project, and a 47.2 percent interest in the MVP Southgate project.
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.
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.
Investors of record on Monday, February 6th will be paid a dividend of $0.15 per share on Tuesday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 11.03%. The ex-dividend date of this dividend is Friday, February 3rd. Equitrans Midstream has a short interest ratio (“days to cover”) of 3.5, which is generally considered an acceptable ratio of short interest to trading volume. According to analysts’ consensus price target of $7.50, Equitrans Midstream has a forecasted upside of 36.6% from its current price of $5.49. The company’s average rating score is 1.67, and is based on no buy ratings, 6 hold ratings, and 3 sell ratings.
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.
News and Social Media Coverage
© 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.
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.
Major Holders
More value-oriented stocks tend to represent financial services, utilities, and energy stocks. 9 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Equitrans Midstream in the last year. There are currently 3 sell ratings and 6 hold ratings for the stock. The consensus among Wall Street analysts is that investors should “hold” ETRN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ETRN, but not buy additional shares or sell existing shares. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status.
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% 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.
A number of other hedge funds and other institutional investors have also bought and sold shares of ETRN. MML Investors Services LLC lifted its stake in Equitrans Midstream by 9.0% in the 3rd quarter. MML Investors Services LLC now owns 17,360 shares of the company’s stock valued at $130,000 after acquiring an additional 1,437 shares in the last quarter. Maverick Capital Ltd. lifted its stake in Equitrans Midstream by 11.8% in the 1st quarter. Maverick Capital Ltd. now owns 14,713 shares of the company’s stock valued at $124,000 after acquiring an additional 1,558 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 https://day-trading.info/ 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.
ETRN Overview
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.
Company Summary
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.
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%.
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.