(DTM) DT Midstream - Ratings and Ratios

DT Midstream Inc (NYSE:DTM) is a US-based company providing integrated natural gas services through its two main segments: Pipeline and Gathering. The Pipeline segment operates a network of interstate and intrastate natural gas pipelines, storage systems, and gathering lateral pipelines, offering transportation and storage services to intermediate and end-user customers. Meanwhile, the Gathering segment owns and operates gas gathering systems, collecting natural gas for delivery to treatment plants, further gathering pipelines, or transportation pipelines, while also providing ancillary services such as compression, dehydration, and water disposal.

With a strong presence in the US natural gas market, DT Midstream serves a diverse customer base, including natural gas producers, local distribution companies, electric power generators, industrials, and national marketers. As a relatively new company, incorporated in 2021 and headquartered in Detroit, Michigan, DT Midstream has quickly established itself as a key player in the Oil & Gas Storage & Transportation sub-industry.

From a technical analysis perspective, DT Midstreams stock has shown a strong upward trend, with its last price of $108.16 exceeding its 20-day, 50-day, and 200-day simple moving averages (SMA20, SMA50, and SMA200) of $103.93, $99.23, and $93.98, respectively. The stocks average true range (ATR) of 2.49, representing a 2.30% daily price movement, indicates moderate volatility. Given the current technical setup, it is likely that the stock will continue its upward momentum, potentially reaching the 52-week high of $112.78.

Fundamentally, DT Midstreams market capitalization stands at $10.41 billion, with a price-to-earnings (P/E) ratio of 27.92 and a forward P/E of 21.93, indicating a relatively stable valuation. The companys return on equity (RoE) of 8.26% suggests a decent level of profitability. By combining these fundamental metrics with the technical analysis, we can forecast that DT Midstreams stock will likely continue to rise, driven by its strong market presence and stable financials, potentially reaching $120 in the next 6-12 months, representing a 10% upside from current levels.