Energy Transfer LP (NYSE:ET) shares traded -0.19% lower at $15.56 on Wall Street last session.
ET stock price is now 7.03% away from the 50-day moving average and 13.92% away from the 200-day moving average. The market capitalization of the company currently stands at $52.40B.
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, 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 $113.16 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 $26.7 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 $15.72. 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 $105.46B, which is based on a 14.31 price-to-earnings ratio, a 1.74 price-to-earnings-growth ratio, and a beta of 1.64. The fifty day moving average price for ET is $14.57 and a two-hundred day moving average price translates $13.67 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.
