Energy Transfer LP (NYSE:ET) traded at $16.02 at last check on Monday, April 29, made an upward move of 0.35% on its previous day’s price.
Looking at the stock we see that its previous close was $15.96. The company has a trailing 12-month PE ratio of 14.73. In terms of its 52-week price range, ET has a high of $16.04 and a low of $12.18. The company’s stock has gained about 1.82% over that past 30 days.
Energy Transfer LP has a market cap of $53.94 billion. With its Forward Dividend at 1.25 and a yield of 7.77%, the company’s investors could be anxious for the ET stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.4, with the EPS growth for the year raised at $1.59 for 2024 and $1.69 for next year. These figures represent 45.90% and 6.30% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $21.43 billion, with a low of $17.7 billion and a high of $23.72 billion. The median projection represents growth adding up to -0.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $84.19 billion, or 7.10% up from figures reported last year.
On the other hand, looking at the outlook for the ET stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the ET stock currently stands at 0.93, and the most recent price level today is 2.05% off its SMA20 and 4.44% from its 50-day simple moving average. The RSI (14) is pointing at 64.42 while the volatility over the past week is 1.06% and jumps to 1.54% over the past one month. The beta value is 1.64, while the average true range (ATR) is currently pointing at 0.23.
Coming back to Energy Transfer LP (NYSE:ET), we note that the average 3-month trading volume was 12.04 million. Current shares outstanding are 3.37 billion.
The insiders hold 14.70% of the company’s shares while institutions hold 29.58%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 16.06% up in year-to-date price movement.
