How Analysts Feel About Energy Transfer LP (ET)?


As of Wednesday close, Energy Transfer LP’s (NYSE:ET) stock was down -$0.06, moving down -0.48 percent to $12.43. The average number of shares traded per day over the past five days has been 13,664,359 shares. 3 times new highs have been achieved over the past 5 days, with a $0.32 gain in that time frame. In the last twenty days, the average volume was 17,161,920, while in the previous 50 days, it was 19,484,066.

Since last month, ET stock rose 3.24%. Shares of the company fell to $11.84 on 11/18/22, the lowest level in the past month. A 52-week high of $12.95 was reached on 11/01/22 after having rallying from a 52-week low of $7.96. Since the beginning of this year, ET’s stock price has risen by 51.03% or $4.20, and marked a new high 36 times. However, the stock has declined by -4.02% since its 52-week high.

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ET stock investors should be aware that Energy Transfer LP (ET) stock had its last reported insider trading activity 10 days ago on Nov 15. Whitehurst Bradford D., the EVP (former CFO) of the company, purchased of 8,500 shares for $12.05 on Nov 15. It resulted in a $102,425 investment by the insider. WARREN KELCY L added 1,045,000 shares at an average price of $12.35 on Nov 08. The insider now owns 53,778,477 shares following the transaction. On Nov 07, Executive Chairman WARREN KELCY L bought 155,000 shares at $12.38 apiece. The transaction was valued at $1,918,900.

Valuation Metrics

Right now, Energy Transfer LP (ET) has a P/E ratio of about 9.23. The stock’s beta is 1.78. Besides these, the trailing price-to-sales (P/S) ratio of 0.43, the price-to-book (PB) ratio of 1.43, and the price-to-cash flow ratio of 10.62 may also be considered.

The latest dividend of $0.2650 per share was paid out, which is 15.22% more than last year’s $0.23. On Tuesday October 25 2022, a $0.0350 dividend increase was announced.

Financial Health

In the three months ended June 29, Energy Transfer LP’s quick ratio stood at 0.90, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.77, and the total debt-to-equity ratio was 1.77. On the profitability front, the trailing twelve-month gross margin is 19.40% percent. In the year ended June 29, operating margins totaled 8.60%. Based on annual data, ET earned $17.02 billion in gross profit and brought in $67.42 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.40%. Return on equity (ROE) for the past 12 months was 15.70%.

In Energy Transfer LP’s quarter-end financial report for June 29, it reported total debt of $47.41 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ET’s revenue rose 27.36% to $25.95 billion during the quarter, while net income inched up to $22.94 billion. While analysts expected Energy Transfer LP to report $0.36 quarterly earnings, the actual figure was $0.39 per share, beating the consensus estimate by 8.30%. During the quarter, the company generated $3.0 billion in EBITDA. The liabilities of Energy Transfer LP were 65.17 billion at the end of its most recent quarter ended June 29, and its total debt was $48.95 billion. The value of shareholders’ equity is $3.09 billion.

Technical Picture

This quick technical analysis looks at Energy Transfer LP’s (ET) price momentum. With a historical volatility rate of 20.94%, the RSI 9-day stood at 59.29% on 23 November.

With respect to its five-day moving average, the current Energy Transfer LP price is up by +2.64% percent or $0.32. At present, ET shares trade +1.22% above its 20-day simple moving average and +25.81% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.50% above its SMA50 and +24.67% above its SMA200.

Stochastic coefficient K was 75.57% and Stochastic coefficient D was 51.63%, while ATR was 0.30. Given the Stochastic reading of 90.77% for the 14-day period, the RSI (14) reading has been calculated as 57.28%. As of today, the MACD Oscillator reading stands at 0.18, while the 14-day reading stands at 0.16.

Analyst Ratings

Energy Transfer LP (ET) has been rated Buy by analysts. According to 0 brokerage firms, ET is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Energy Transfer LP stock as buy, with 16 recommending it as overweight.

With a median target price of $16.00, the current consensus forecast for the stock is $14.00 – $21.00. Based on these forecasts, analysts predict Energy Transfer LP (ET) will achieve an average price target of $16.19.


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