Energy Transfer LP (NYSE:ET) price on Wednesday, May 09, rose 0.74% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $16.25.
A look at the stock’s price movement, the close in the last trading session was $16.13. The PE ratio in trailing twelve months stood at 14.94. Turning to its 52-week performance, $16.20 and $12.18 were the 52-week high and 52-week low respectively. Overall, ET moved 3.37% over the past month.
Energy Transfer LP’s market cap currently stands at around $54.73 billion. The company has a Forward Dividend ratio of 0.94, with its dividend yield at 5.77%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 21.04B for the company’s revenue for the quarter, with a low and high estimate of 17.7B and 23.84B respectively. The average forecast suggests down to a -1.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 85.01B, representing a 8.20% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ET is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 0.95, with ET’s current price about 3.41% and 4.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.78, while 7-day volatility ratio is 1.31% and 1.64% in the 30-day chart. Further, Energy Transfer LP (ET) has a beta value of 1.64, and an average true range (ATR) of 0.24.
If we refocus on Energy Transfer LP (NYSE:ET), historical trading data shows that trading volumes averaged 11.43 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.37 billion shares.
The 14.70% of Energy Transfer LP’s shares are in the hands of company insiders while institutional holders own 29.21% of the company’s shares. Current price change has pushed the stock 17.75% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ET stock continues to rise going into the next quarter.
