In yesterday’s Wall Street session, Energy Transfer LP (NYSE:ET) shares traded at $13.67, down -0.36% from the previous session.
20 analysts cover Energy Transfer LP (NYSE:ET), according to research data. 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 $18.00. Given the previous closing price of $13.72, this indicates a potential upside of 31.2 percent. ET stock price is now 0.44% away from the 50-day moving average and 5.08% away from the 200-day moving average. The market capitalization of the company currently stands at $45.97B.
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The stock has received a hold rating from 1 analysts and a buy rating from 15. Brokers who have rated the stock have averaged $17.61 as their price target over the next twelve months.
In other news, Mason Thomas P, EVP & Pres. LNG bought 8,000 shares of the company’s stock on Nov 13. The stock was bought for $105,360 at an average price of $13.17. Upon completion of the transaction, the EVP & Pres. LNG now directly owns 1,715,720 shares in the company, valued at $23.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09, EVP Whitehurst Bradford D. bought 10,000 shares of the business’s stock. A total of $131,000 was incurred on buying the stock at an average price of $13.10. This leaves the insider owning 1,323,055 shares of the company worth $18.09 million. Insiders disposed of 467,626 shares of company stock worth roughly $6.39 million over the past 1 year. A total of 15.14% of the company’s stock is owned by insiders.
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 $94.35B, which is based on a 12.89 price-to-earnings ratio, a 1.39 price-to-earnings-growth ratio, and a beta of 1.62. The fifty day moving average price for ET is $13.61 and a two-hundred day moving average price translates $13.01 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 $0.33, inline with analysts’ expectations of $0.33. 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 $21.98B in revenue.
