In yesterday’s Wall Street session, Energy Transfer LP (NYSE:ET) shares traded at $15.34, up 1.99% from the previous session.
ET stock price is now 6.69% away from the 50-day moving average and 12.91% away from the 200-day moving average. The market capitalization of the company currently stands at $51.66B.
, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, MCCREA MARSHALL S III, Co-CEO bought 50,000 shares of the company’s stock on Dec 12 ’23. The stock was bought for $659,500 at an average price of $13.19. Upon completion of the transaction, the Co-CEO now directly owns 7,272,754 shares in the company, valued at $111.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’23, EVP & Pres. LNG Mason Thomas P bought 8,000 shares of the business’s stock. A total of $105,360 was incurred on buying the stock at an average price of $13.17. This leaves the insider owning 1,715,720 shares of the company worth $26.32 million. A total of 14.70% of the company’s stock is owned by insiders.
During the past 12 months, Energy Transfer LP has had a low of $11.45 and a high of $15.28. As of last week, the company has a debt-to-equity ratio of 1.45, a current ratio of 1.10, and a quick ratio of 0.86. According to the stock market information, the enterprise value for the company is $104.72B, which is based on a 14.10 price-to-earnings ratio, a 1.72 price-to-earnings-growth ratio, and a beta of 1.64. The fifty day moving average price for ET is $14.40 and a two-hundred day moving average price translates $13.60 for the stock.
The latest earnings results from Energy Transfer LP (NYSE: ET) was released for Dec, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.37, beating analysts’ expectations of $0.35 by 0.02. This compares to $0.47 EPS in the same period last year. The net profit margin was 4.41% and return on equity was 11.28% for ET. The company reported revenue of $20.53 billion for the quarter, compared to $20.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.15 percent. For the current quarter, analysts expect ET to generate $22.5B in revenue.
Energy Transfer LP(ET) Company Profile
Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. In addition, the company owns and operates natural gas gathering pipelines, processing plant, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, Montana, North Dakota, Wyoming, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and transports and supplies water to natural gas producer in Pennsylvania. Further, it owns 5,700 miles of natural gas liquid (NGL) pipeline; NGL fractionation facilities; NGL storage facilities; and other NGL storage assets and terminal. Additionally, the company provides crude oil transportation, terminalling, acquisition, and marketing activities; owns and operates approximately 14,500 miles of crude oil trunk and gathering pipelines in the Southwest, Midcontinent, and Midwest United States; and sells and distributes gasoline, middle distillate, and motor fuels and other petroleum products. It also offers natural gas compression services; carbon dioxide and hydrogen sulfide removal services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalty, and generate electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 1996 and is headquartered in Dallas, Texas.
