In last trading session, Energy Transfer LP (NYSE:ET) saw 10.99 million shares changing hands with its beta currently measuring 1.65. Company’s recent per share price level of $16.41 trading at -$0.08 or -0.49% at ring of the bell on the day assigns it a market valuation of $56.16B. That closing price of ET’s stock is at a discount of -1.4% from its 52-week high price of $16.64 and is indicating a premium of 21.39% from its 52-week low price of $12.90. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.01 million shares which gives us an average trading volume of 15.52 million if we extend that period to 3-months.
For Energy Transfer LP (ET), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.45. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.34 in the current quarter.
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Energy Transfer LP (NYSE:ET) trade information
Upright in the red during last session for losing -0.49%, in the last five days ET remained trading in the red while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $16.41 price level, adding 1.26% to its value on the day. Energy Transfer LP’s shares saw a change of 18.91% in year-to-date performance and have moved -0.67% in past 5-day. Energy Transfer LP (NYSE:ET) showed a performance of 1.48% in past 30-days. Number of shares sold short was 24.77 million shares which calculate 2.14 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a fall of -9.4% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 20. It follows that stock’s current price would jump 20.78% in reaching the projected high whereas dropping to the targeted low would mean a gain of 20.78% for stock’s current value.
Energy Transfer LP (ET) estimates and forecasts
Statistics highlight that Energy Transfer LP is scoring comparatively higher than the scores of other players of the relevant industry. The company added 4.06% of value to its shares in past 6 months, showing an annual growth rate of 23.85% while that of industry is 5.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 10.00% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 22.31B for the same. And 5 analysts are in estimates of company making revenue of 22.7B in the next quarter. Company posted 20.33B and 20.53B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -0.88% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 22.87% while estimates for its earnings growth in next 5 years are of 16.22%.
ET Dividends
Energy Transfer LP is more likely to be releasing its next quarterly report on 2024-Nov-06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 7.71%, the share has a forward dividend of 1.26 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 9.98%.
Energy Transfer LP (NYSE:ET)’s Major holders
Insiders are in possession of 10.08% of company’s total shares while institution are holding 33.11 percent of that, with stock having share float percentage of 36.83%. Investors also watch the number of corporate investors in a company very closely, which is 33.11% institutions for Energy Transfer LP that are currently holding shares of the company. BLACKSTONE INC. is the top institutional holder at ET for having 144.86 million shares of worth $2.35 billion. And as of 2024-06-30, it was holding 4.3004 of the company’s outstanding shares.
The second largest institutional holder is GOLDMAN SACHS GROUP INC, which was holding about 75.96 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.255 of outstanding shares, having a total worth of $1.23 billion.
