Energy Transfer LP [ET] stock is trading at $15.53, up 1.97%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ET shares have lost -0.96% over the last week, with a monthly amount drifted -0.96%, and not seem to be holding up well over a long-time horizon.
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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.
Energy Transfer LP [ET] stock has fluctuated between $12.18 and $16.04 over the past year. Currently, Wall Street analysts expect the stock to reach $15.5 within the next 12 months. Energy Transfer LP [NYSE: ET] shares were valued at $15.53 at the most recent close of the market. An investor can expect a potential drop of -0.19% based on the average ET price forecast.
Analyzing the ET fundamentals
Energy Transfer LP [NYSE:ET] reported sales of 78.59B for the trailing twelve months, which represents a growth 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.21.
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 15.31 points at the first support level, and at 15.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.72, and for the 2nd resistance point, it is at 15.92.
Ratios To Look Out For
For context, Energy Transfer LP’s Current Ratio is 1.10. Also, the Quick Ratio is 0.86, while the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 0.67, the price to book ratio is 1.73 and price to earnings (TTM) ratio is 14.28.
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.
