Analysis Of The Weekly Performance Of Energy Transfer LP (ET)

Energy Transfer LP (NYSE:ET) finished Wednesday with an addition of $0.06 to close at $9.96, an upside of 0.61 percent. An average of 12,739,160 shares of common stock have been traded in the last five days. There was a gain of $0.54 in the past week. The last 20 days have seen an average of 16,650,660 shares traded, while the 50-day average volume stands at 13,880,208.

ET stock has increased by 7.10% in the last month. The company shares reached their 1-month lowest point of $8.60 on 09/20/21. With the stock rallying to its 52-week high on 06/14/21, shares of the company touched a low of $4.98 and a high of $11.55 in 52 weeks. In spite of this, the price is down -13.77% from the 52-week high.


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Valuation Metrics

Energy Transfer LP (ET) has a trailing price-to-earnings (P/E) ratio of 7.34, which compares with the 18.90 for the broader industry and 19.70 for the sector. In the last five years, Energy Transfer LP’s PE ratio has ranged between 23.49 and 3.356. The stock’s beta is 2.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.50, the price-to-book (PB) ratio at 1.25, and the price-to-cash flow ratio at 4.68.

Energy Transfer LP pays a $0.61 dividend per share annually. It offers a dividend yield of 6.12%. The company has a payout ratio of 56.10%. The company’s most recent quarterly dividend payment took place on Aug. 19, and it was $0.1525 a share, representing a down of -0.33 from $0.1530 last year. Its dividend has been increased for the last 1 consecutive years with the latest decrease dividend $0.0005 reported on Friday July 23 2021. Dividends have grown by -7.17% each year over the last three years.

Energy Transfer LP will next go ex-dividend on 5-Nov. The next dividend payment Energy Transfer LP will make is expected to be $0.1525.

The quick ratio of Energy Transfer LP for the three months ended June 29 was 0.80, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.11 and a total debt to equity ratio of 2.14 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 31.90% against a 5-year average of 19.9%. Energy Transfer LP’s EBITDA margin for the year ending June 29 is 24.42%, while its operating margin for the same period stands at 13.90%. Its gross profit as reported stood at $13.47 billion compared to revenue of $38.95 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Energy Transfer LP’s return on assets was 3.80%, compared to 1.5% over the last five years. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

The analyst consensus anticipated Energy Transfer LP’s latest quarter earnings to come in at $0.26 per share, but it turned out to be $0.2, a -23.10% surprise. For the quarter, EBITDA amounted to $2.54 billion. Shareholders own equity worth $2.7 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Energy Transfer LP (ET) price momentum. RSI 9-day as of the close on 13 October was 60.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 38.50%.

As of today, ET’s price is $9.87 +5.73% or $0.54 from its 5-day moving average. ET is currently trading +7.79% higher than its 20-day SMA and -2.26% lower than its 100-day SMA. However, the stock’s current price level is +2.57% above the SMA50 and +59.87% above the SMA200.

The stochastic %K and %D were 73.34% and 74.96%, respectively, and the average true range (ATR) was 0.31. With the 14-day stochastic at 73.20% and the average true range at 0.31, the RSI (14) stands at 58.26%. The stock has reached 0.10 on the 9-day MACD Oscillator while the 14-day reading was at 0.21.

Analyst Ratings

The consensus rating for Energy Transfer LP (ET) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ET, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 17 others rate it as a “buy”.

What is ET’s price target for the next 12 months?

Analysts predict a range of price targets between $12.00 and $18.00, with a median target of $14.00. Taking a look at these predictions, the average price target given by analysts for Energy Transfer LP (ET) stock is $14.18.

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