Energy Transfer LP (NYSE: ET) Stock: Looks Like A Good Investment

Energy Transfer LP (NYSE:ET) shares, rose in value on Wednesday, May 15, with the stock price up by 0.13% to the previous day’s close as strong demand from buyers drove the stock to $15.89.

Actively observing the price movement in the last trading, the stock closed the session at $15.87. The PE ratio was 14.62 over 12-month period. Referring to stock’s 52-week performance, its high was $16.40, and the low was $12.31. On the whole, ET has fluctuated by 5.23% over the past month.

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The company’s Forward Dividend Ratio is 1.25, with its dividend yield at 7.90%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 85.6B, with a low estimate of 16.65B and a high estimate of 25.05B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 20.99B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ET’s technical picture suggests that short-term indicators denote the stock is a 75% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0.93, with the price of ET currently trading nearly 0.19% and 1.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.70, while the 7-day volatility ratio is showing 1.47% which for the 30-day chart, stands at 1.52%. Furthermore, Energy Transfer LP (ET)’s beta value is 1.63, and its average true range (ATR) is 0.25.

A comparison of Energy Transfer LP (ET) with its peers suggests the former has fared considerably weaker in the market. ET showed an intraday change of 0.13% in last session, and over the past year, it grew by 27.02%%.

Data on historical trading for Energy Transfer LP (NYSE:ET) indicates that the trading volumes over the past 3 months, they’ve averaged 11.66 million. According to company’s latest data on outstanding shares, there are 3.37 billion shares outstanding.

Nearly 14.72% of Energy Transfer LP’s shares belong to company insiders and institutional investors own 29.10% of the company’s shares. The stock has risen by 15.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ET stock heading into the next quarter.

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