As of Thursday close, Energy Transfer LP’s (NYSE:ET) stock was up $0.13, moving up 1.02 percent to $12.90. The average number of shares traded per day over the past five days has been 13,952,540 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.17 fall in that time frame. In the last twenty days, the average volume was 13,502,820, while in the previous 50 days, it was 10,974,816.
Since last month, ET stock retreated -2.12%. Shares of the company fell to $12.46 on 08/15/23, the lowest level in the past month. A 52-week high of $13.67 was reached on 01/24/23 after having rallying from a 52-week low of $10.02. Since the beginning of this year, ET’s stock price has risen by 8.68% or $1.03, and marked a new high 10 times. However, the stock has declined by -5.63% since its 52-week high.
ET stock investors should be aware that Energy Transfer LP (ET) stock had its last reported insider trading activity 80 days ago on May 30. Whitehurst Bradford D., the EVP of the company, purchased of 10,000 shares for $12.43 on May 30. It resulted in a $124,334 investment by the insider. WARREN KELCY L added 350,000 shares at an average price of $12.76 on May 24. The insider now owns 61,578,477 shares following the transaction. On May 23, Executive Chairman WARREN KELCY L bought 400,000 shares at $12.78 apiece. The transaction was valued at $5,112,000.
Valuation Metrics
Right now, Energy Transfer LP (ET) has a P/E ratio of about 10.71. The stock’s beta is 1.69. Besides these, the trailing price-to-sales (P/S) ratio of 0.51, the price-to-book (PB) ratio of 1.47, and the price-to-cash flow ratio of 6.33 may also be considered.
The latest dividend of $0.31 per share was paid out, which is 0.65% more than last year’s $0.3080. On Tuesday July 25 2023, a $0.0020 dividend increase was announced.
Financial Health
In the three months ended June 29, Energy Transfer LP’s quick ratio stood at 0.60, while its current ratio was 0.80, 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 1.62, and the total debt-to-equity ratio was 1.75. On the profitability front, the trailing twelve-month gross margin is 21.60% percent. In the year ended June 29, EBITDA margin amounted to 13.53%, whereas operating margins totaled 9.50%. Based on annual data, ET earned $17.64 billion in gross profit and brought in $89.88 billion in revenue.
In Energy Transfer LP’s quarter-end financial report for June 29, it reported total debt of $44.67 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 fell -41.62% to $19.0 billion during the quarter, while net income inched up to $18.32 billion. While analysts expected Energy Transfer LP to report $0.33 quarterly earnings, the actual figure was $0.25 per share, beating the consensus estimate by -24.20%. During the quarter, the company generated $2.9 billion in EBITDA. The liabilities of Energy Transfer LP were 64.17 billion at the end of its most recent quarter ended June 29, and its total debt was $48.96 billion. The value of shareholders’ equity is $3.14 billion.
Technical Picture
This quick technical analysis looks at Energy Transfer LP’s (ET) price momentum. With a historical volatility rate of 20.17%, the RSI 9-day stood at 49.93% on 17 August.
With respect to its five-day moving average, the current Energy Transfer LP price is down by -1.30% percent or -$0.17. At present, ET shares trade -2.27% below its 20-day simple moving average and +10.26% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.08% below its SMA50 and +2.95% above its SMA200.
Stochastic coefficient K was 31.48% and Stochastic coefficient D was 18.47%, while ATR was 0.20. Given the Stochastic reading of 48.89% for the 14-day period, the RSI (14) reading has been calculated as 49.35%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at -0.18.
Analyst Ratings
Citigroup launched its rating on Energy Transfer LP (NYSE: ET) to a Buy in a note to investors on December 09, 2022. Energy Transfer LP (ET) has been rated Buy by analysts. According to 0 brokerage firms, ET is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Energy Transfer LP stock as buy, with 13 recommending it as overweight.
With a median target price of $17.00, the current consensus forecast for the stock is $15.00 – $22.00. Based on these forecasts, analysts predict Energy Transfer LP (ET) will achieve an average price target of $17.27.
