Energy Transfer LP (NYSE:ET) shares traded -0.94% lower at $13.76 on Wall Street last session.
In accordance with the data, 20 analysts cover 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 $18.00. Given the previous closing price of $13.89, this indicates a potential upside of 29.59 percent. ET stock price is now 1.09% away from the 50-day moving average and 5.58% away from the 200-day moving average. The market capitalization of the company currently stands at $46.27B.
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It has been rated a hold by 1 analysts and a buy by 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 $23.61 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 $18.21 million. A total of 15.14% of the company’s stock is owned by insiders.
Energy Transfer LP (NYSE: ET) opened at $13.87 on Tuesday. 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 $95.09B, which is based on a 12.98 price-to-earnings ratio, a 1.40 price-to-earnings-growth ratio, and a beta of 1.66. The fifty day moving average price for ET is $13.61 and a two-hundred day moving average price translates $13.03 for the stock.
The latest earnings results from Energy Transfer LP (NYSE: ET) was released for Sep, 2023. 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.
