At the time of writing, Energy Transfer LP [ET] stock is trading at $15.92, down -0.69%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ET shares have gain 0.06% over the last week, with a monthly amount glided 3.18%, and 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.
For the past year, the stock price of Energy Transfer LP fluctuated between $12.90 and $16.50. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Energy Transfer LP [NYSE: ET] shares were valued at $15.92 at the most recent close of the market. An investor can expect a potential return of 0.5% based on the average ET price forecast.
Analyzing the ET fundamentals
According to Energy Transfer LP [NYSE:ET], the company’s sales were 83.63B for trailing twelve months, which represents an 13.15% jump. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.11 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.68.
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 15.85 points at the first support level, and at 15.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.06, and for the 2nd resistance point, it is at 16.19.
Ratios To Look Out For
It is important to note that Energy Transfer LP [NYSE:ET] has a current ratio of 1.14. In addition, the Quick Ratio stands at 0.92 and the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 1.76 and price to earnings (TTM) ratio is 13.47.
Transactions by insiders
Recent insider trading involved McIlwain Gregory G., EVP – Operations, that happened on Aug 23 ’24 when 20000.0 shares were purchased. Co-CEO, Long Thomas E completed a deal on Aug 12 ’24 to buy 20000.0 shares. Meanwhile, Director WARREN KELCY L bought 3.0 million shares on Aug 12 ’24.
