Provided Content: Content provided by Barchart. The Globe and Mail was not involved, and material was not reviewed prior to publication.
DT Midstream - Natural Gas Distribution
Summary
DT Midstream (DTS) has shown a 20.35% gain since the Trend Seeker buy signal on 8/8, with strong technical indicators and consistent price appreciation.
The company operates in two segments: Pipeline and Gathering, providing integrated natural gas services, and has a market cap of $8.49 billion.
Fundamental factors include a P/E of 21.06, a 3.31% dividend yield, and expected revenue and earnings growth over the next five years.
Analysts' opinions are mixed with 3 strong buys, 1 buy, 5 holds, and 2 sells; price targets range between $66 and $92.
The Chart of the Day belongs to the midstream natural gas distribution company DT Midstream (DTM) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 8/8 the stock gained 20.35%.
DTM Price vs Daily Moving Averages
DT Midstream, Inc., together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines. This segment also engages in the transportation and storage of natural gas for intermediate and end-user customers. The Gathering segment owns and operates gas gathering systems. This segment is involved in the collection of natural gas for delivery to plants for treating, to gathering pipelines for further gathering, or to pipelines for transportation; and provision of associated ancillary services, including compression, dehydration, gas treatment, water impoundment, water transportation, water disposal, and sand mining. It serves natural gas producers, local distribution companies, electric power generators, industrials, and national marketers. The company was incorporated in 2021 and is headquartered in Detroit, Michigan.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 67.68+ Weighted Alpha
- 68.55% gain in the last year
- Trend Seeker buy signal
- .74 - 60 month Beta
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 14.88% in the last month
- Relative Strength Index 77.32%
- Technical support level at $86.67
- Recently traded at $89.30 with 50 day moving average of $80.46
Fundamental Factors:
- Market Cap $8.49 billion
- P/E 21.06
- Dividend yield 3.31%
- Revenue expected to grow 6.00% this year and another 8.40% next year
- Earnings are estimated to increase an additional 10.50% next year and continue to increase at a compounded annual rate of 3.00% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 3 strong buy, 1 buy, 5 hold and 2 sell opinions on the stock
- Analysts' price targets are between $66 and $92
- Value Line rates the stock its above average rating of 2
- CFRAs MarketScope rates the stock a hold
- MorningStar gives the stock its average rating of 3 with a fair value of $88
- 10,618 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
