Currently, Energy Transfer LP [ET] is trading at $21.06, up 0.67%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ET shares have gain 5.09% over the last week, with a monthly amount glided 15.27%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On October 03, 2023, Pickering Energy Partners initiated with a Outperform rating. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $16 on December 09, 2022. In a note dated September 21, 2021, Tudor Pickering upgraded an Buy rating on this stock but restated the target price of $14.
This stock has fluctuated between a low of $13.79 and a high of $21.45 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $21.5 within the next 12 months. Energy Transfer LP [NYSE: ET] shares were valued at $21.06 at the most recent close of the market. An investor can expect a potential return of 2.09% based on the average ET price forecast.
Analyzing the ET fundamentals
Trailing Twelve Months sales for Energy Transfer LP [NYSE:ET] were 83.66B which represents 0.16% growth. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.14 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.71.
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 20.94 points at the first support level, and at 20.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.23, and for the 2nd resistance point, it is at 21.39.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Energy Transfer LP [NYSE:ET] is 1.08. Further, the Quick Ratio stands at 0.88, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.86, the price to book ratio is 2.30 and price to earnings (TTM) ratio is 15.50.
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.
