The stock of Energy Transfer LP (NYSE:ET) increased by $0.25 on Monday to finish at $13.41, up 1.90 percent. The last five days have seen an average of 12,093,561 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $1.54. The average number of shares traded over the last 20 days was 14,354,250, while the average volume over the last 50 days totaled 11,322,982.
ET stock appreciated 1.21% since last month. On 08/15/23, the company’s shares reached a one-month low of $12.46. The stock touched a high of $13.67 on 01/24/23, after rallying from a low of $10.02 in 52 weeks. The price of ET stock has risen by 12.97% or $1.54 this year, reaching a new high 10 times. Still, the stock price is down -1.90% from the 52-week high.
Insider Transactions
ET stock investors should be aware that Energy Transfer LP (ET) stock had its last reported insider trading activity 7 days ago on Aug 22. On Aug 22, EVP Whitehurst Bradford D. acquired 10,000 shares at $13.00 each. This transaction resulted in the insider spending $130,000. On Aug 21, WARREN KELCY L added 1,150,000 shares at a price of US$13.00. After the transaction, the insider now owns 64,578,477 shares. Executive Chairman WARREN KELCY L had earlier bought 1,100,000 shares on Aug 18 for $12.95 a share. The transaction was completed for $14,245,000.
Valuation Metrics
Energy Transfer LP (ET) has a trailing price-to-earnings (P/E) ratio of 11.14. Beta for the stock is 1.68. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.51, the price-to-book (PB) ratio of 1.52, and the price-to-cash flow ratio of 6.32.
Company paid $0.31 per share in dividends, an increase of 0.65% from $0.3080 last year. A $0.0020 dividend increase was reported on Tuesday July 25 2023.
Financial Health
For the three months ended June 29, Energy Transfer LP’s quick ratio was 0.60, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.62, and the total debt to equity ratio is 1.75. As far as profitability goes, gross margin for the trailing twelve months is 21.60% percent. Energy Transfer LP’s EBITDA margin for the year ended June 29 was 13.53%, whereas its operating margin stood at 9.50% for the same period. Based on annual data, it had gross profit of $17.64 billion and revenue of $89.88 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ET’s return on assets (ROA) during the last 12 months has been 3.60%. There was a 10.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 13.80%.
Earnings Surprise
According to Energy Transfer LP’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $18.32 billion, while revenues fell by -41.62% to $19.0 billion. It was predicted that Energy Transfer LP’s quarterly earnings would be $0.25, but it ended up being $0.33, beating the consensus by -24.20%. EBITDA was $2.9 billion for the quarter. At the end of Energy Transfer LP’s most recent quarter ended June 29, its liabilities totaled 64.17 billion, while its total debt was $48.96 billion. Equity owned by shareholders amounts to $3.14 billion.
Technical Picture
Here’s a quick look at Energy Transfer LP’s (ET) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 71.62%, suggesting the stock is Overbought, with a 11.60% historical volatility rate.
The stochastic %K and %D were 87.29% and 79.83% respectively, while the average true range (ATR) was 0.19. Based on the 14-day stochastic reading of 97.94%, the RSI (14) reading is 64.87%. On the 9-day MACD Oscillator, the stock is at 0.16, and the 14-day reading is at 0.23.
Analyst Ratings
In its analyst report released on December 09, 2022, Citigroup began covering Energy Transfer LP (NYSE: ET). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Energy Transfer LP (ET) an Buy rating. ET is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 13 others recommend it as a buy.
What is ET’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.00 and $22.00, with a median target price of $17.00. In analyzing these forecasts, the average price target given by analysts for Energy Transfer LP (ET) is $17.27.
