The price of Energy Transfer LP (NYSE:ET) shares last traded on Wall Street fell -1.10% to $13.51.
Based on available information, 20 analysts follow Energy Transfer LP (NYSE:ET). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $14.00, we find $17.00. Given the previous closing price of $13.66, this indicates a potential upside of 24.45 percent. ET stock price is now -1.10% away from the 50-day moving average and 4.01% away from the 200-day moving average. The market capitalization of the company currently stands at $42.49B.
Among analysts, 1 rate the stock a hold while 14 rate it a buy. Brokers who have rated the stock have averaged $17.40 as their price target over the next twelve months.
In other news, MCCREA MARSHALL S III, Co-CEO bought 50,000 shares of the company’s stock on Sep 05. The stock was bought for $689,500 at an average price of $13.79. Upon completion of the transaction, the Co-CEO now directly owns 6,769,267 shares in the company, valued at $91.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, Co-CEO MCCREA MARSHALL S III bought 50,000 shares of the business’s stock. A total of $682,000 was incurred on buying the stock at an average price of $13.64. This leaves the insider owning 6,719,267 shares of the company worth $90.78 million. Insiders disposed of 467,626 shares of company stock worth roughly $6.32 million over the past 1 year. A total of 15.39% of the company’s stock is owned by insiders.
A candlestick chart of Energy Transfer LP (NYSE: ET) showed a price of $13.64 on Monday morning. During the past 12 months, Energy Transfer LP has had a low of $11.37 and a high of $14.15. As of last week, the company has a debt-to-equity ratio of 1.48, a current ratio of 1.05, and a quick ratio of 0.85. According to the stock market information, the enterprise value for the company is $90.88B, which is based on a 12.74 price-to-earnings ratio, a 1.37 price-to-earnings-growth ratio, and a beta of 1.66. The fifty day moving average price for ET is $13.66 and a two-hundred day moving average price translates $12.99 for the stock.
The latest earnings results from Energy Transfer LP (NYSE: ET) was released for Sep, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.25, missing analysts’ expectations of $0.33 by -0.08. This compares to $0.43 EPS in the same period last year. The net profit margin was 4.22% and return on equity was 11.40% for ET. The company reported revenue of $20.74 billion for the quarter, compared to $22.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.59 percent. For the current quarter, analysts expect ET to generate $20.27B in revenue.
