Energy Transfer LP (NYSE:ET) saw an upside of 0.33% to $13.86 after adding $0.04 on Monday. The 5-day average trading volume is 15,328,034 shares of the company’s common stock. It has gained $14.09 in the past week and touched a new high 2 times within the past 5 days. An average of 12,450,329 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 12,364,871.
ET’s 1-month performance is 7.15% or $0.72 on its low of $13.18 reached on 08/28/23. The company’s shares have touched a 52-week low of $10.02 and high of $14.09, with the stock’s rally to the 52-week high happening on 09/20/23. YTD, ET has achieved 16.81% or $2.01 and has reached a new high 15 times. However, the current price is down -1.60% from the 52-week high price.
Valuation Metrics
ET stock has a beta of 1.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.54 while the price-to-book (PB) in the most recent quarter is 1.58, with the price to cash flow ratio at 6.60.
Energy Transfer LP’s quick ratio for the period ended June 30 was 0.64, with the current ratio over the same period at 0.81. As well, the company’s long term debt to equity for the quarter ending June 30 was 1.35, while the total debt to equity was 1.46. In terms of profitability, the gross margin trailing 12 months is 10.48%. The trailing 12-month EBITDA margin is 13.53% while for the period ending June 30, Energy Transfer LP’s operating margin was 9.19%. The firm’s gross profit as reported stood at $17.64 billion against revenue of $89.88 billion.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -53.07% to $797.0 million, while revenue of $1.0 billion was -25.85% off the previous quarter. Analysts expected ET to announce $0.33 per share in earnings in its latest quarter, but it posted $0.25, representing a -24.20% surprise. EBITDA for the quarter stood at more than $2.9 billion. ET stock balance sheet for the quarter ending June 30 shows that total liabilities totaled 64.17 billion, with total debt at $48.96 billion. Shareholders hold equity totaling $3.14 billion.
Let’s look briefly at Energy Transfer LP (ET) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 63.22% to suggest the stock is trending Neutral, with historical volatility in this time period at 12.29%.
The stock’s 5-day moving average is $13.82, reflecting a +0.76% or $0.10 change from its current price. ET is currently trading +5.43% above its 20-day SMA, +9.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +7.56% and SMA200 by+16.21%.
Stochastic %K and %D was 51.94% and 56.26% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 62.27%, while the 14-day stochastic is at 64.17% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at 0.07 and 0.10 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Energy Transfer LP (NYSE: ET), Citigroup launched coverage with a Buy rating. Analysts offering their rating for ET stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ET as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 13 have offered a “buy” rating.
What is ET’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $15.00 and a high of $22.00, with their median price target at $17.00. Looking at these predictions, the average price target given by analysts is for Energy Transfer LP (ET) stock is $17.27.
