Energy Transfer LP [ET] stock prices are up 0.87% to $15.15 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ET shares have gain 4.27% over the last week, with a monthly amount glided 5.87%, and seem to be holding up well over a long-time horizon.
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On 23, February 2024, Sunoco and Energy Transfer Sign First Joint Multi-Year Partnership With Stake F1 Team KICK Sauber. In a post published today on Yahoo Finance, Sunoco branding to be unveiled at the 2024 Miami Grand Prix in Miami.
From an analyst’s perspective:
On December 09, 2022, Citigroup initiated with a Buy rating and assigned a price target of $16 on the stock. Tudor Pickering upgraded its rating to Buy for this stock on September 21, 2021, but kept the price target unchanged to $14. In a note dated July 16, 2021, Wolfe Research upgraded an Outperform rating on this stock and boosted its target price from $12 to $13.
The stock price of Energy Transfer LP [ET] has been fluctuating between $11.45 and $15.13 over the past year. Currently, Wall Street analysts expect the stock to reach $15.38 within the next 12 months. Energy Transfer LP [NYSE: ET] shares were valued at $15.15 at the most recent close of the market. An investor can expect a potential return of 1.52% based on the average ET price forecast.
Analyzing the ET fundamentals
The Energy Transfer LP [NYSE:ET] reported sales of 78.59B for trailing twelve months, representing a surge of 0.15%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.12 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.21.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.07 points at the first support level, and at 15.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.22, and for the 2nd resistance point, it is at 15.30.
Energy Transfer LP [ET] reported earnings per share of $0.37 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.35/share, meaning a difference of $0.02 and a surprise factor of 5.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.15 per share as compared to estimates of $0.33 per share, a difference of -$0.18 representing a surprise of -54.50%.
Ratios To Look Out For
It’s worth pointing out that Energy Transfer LP [NYSE:ET]’s Current Ratio is 1.10. On the other hand, the Quick Ratio is 0.86, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 1.69 and price to earnings (TTM) ratio is 13.93.
Transactions by insiders
Recent insider trading involved MCCREA MARSHALL S III, Co-CEO, that happened on Dec 12 ’23 when 50000.0 shares were purchased. EVP & Pres. LNG, Mason Thomas P completed a deal on Nov 13 ’23 to buy 8000.0 shares. Meanwhile, EVP Whitehurst Bradford D. bought 10000.0 shares on Nov 09 ’23.
