Analysts' ratings for DT Midstream DTM over the last quarter vary from bullish to bearish, as provided by 9 analysts.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 2 | 2 | 3 | 0 | 2 |
Last 30D | 0 | 0 | 1 | 0 | 0 |
1M Ago | 0 | 0 | 1 | 0 | 0 |
2M Ago | 1 | 0 | 0 | 0 | 1 |
3M Ago | 1 | 2 | 1 | 0 | 1 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $99.67, a high estimate of $115.00, and a low estimate of $74.00. This current average reflects an increase of 17.6% from the previous average price target of $84.75.
Interpreting Analyst Ratings: A Closer Look
The perception of DT Midstream by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
Jeremy Tonet | JP Morgan | Raises | Neutral | $115.00 | $109.00 |
Theresa Chen | Barclays | Announces | Equal-Weight | $112.00 | - |
Selman Akyol | Stifel | Raises | Buy | $106.00 | $89.00 |
John Mackay | Goldman Sachs | Raises | Sell | $94.00 | $74.00 |
Spiro Dounis | Citigroup | Raises | Buy | $115.00 | $90.00 |
John Mackay | Goldman Sachs | Raises | Sell | $74.00 | $66.00 |
Christine Cho | Barclays | Raises | Overweight | $92.00 | $85.00 |
Michael Blum | Wells Fargo | Raises | Overweight | $100.00 | $87.00 |
Selman Akyol | Stifel | Raises | Hold | $89.00 | $78.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to DT Midstream. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of DT Midstream compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of DT Midstream's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of DT Midstream's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on DT Midstream analyst ratings.
Delving into DT Midstream's Background
DT Midstream Inc is an owner, operator, and developer of natural gas midstream interstate and intrastate pipelines; storage and gathering systems; and compression, treatment, and surface facilities. It provides multiple, integrated natural gas services to customers through interstate pipelines, intrastate pipelines, storage systems, lateral pipelines and related treatment plants and compression and surface facilities, and gathering systems and related treatment plants and compression and surface facilities. The segments of the group are Pipeline and Gathering. It generates revenue from pipeline, storage, and gathering systems, substantially all of which are located in the Midwestern U.S., Eastern Canada, Northeastern U.S., and Gulf Coast regions.
DT Midstream's Financial Performance
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: DT Midstream's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 5.98%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: DT Midstream's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 35.48%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): DT Midstream's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.09%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.0%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: DT Midstream's debt-to-equity ratio is below the industry average. With a ratio of 0.65, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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