Energy Transfer LP (NYSE:ET) went down by -2.60% from its latest closing price compared to the recent 1-year high of $9.55. The company’s stock price has collected 5.13% of gains in the last five trading sessions. Press Release reported on 04/30/21 that Cushing(R) Asset Management and Swank Capital Announce a Constituent Change to The Cushing(R) 30 MLP Index
Is It Worth Investing in Energy Transfer LP (NYSE :ET) Right Now?
Plus, the 36-month beta value for ET is at 2.50.
The average price from analysts is $11.67, which is $2.72 above the current price. ET currently public float of 2.31B and currently shorts hold a 2.89% ratio of that float. Today, the average trading volume of ET was 20.41M shares.
ET’s Market Performance
ET stocks went up by 5.13% for the week, with a monthly jump of 12.11% and a quarterly performance of 37.32%, while its annual performance rate touched 2.50%. The volatility ratio for the week stands at 2.92% while the volatility levels for the past 30 days are set at 2.62% for Energy Transfer LP. The simple moving average for the period of the last 20 days is 6.66% for ET stocks with a simple moving average of 28.35% for the last 200 days.
Analysts’ Opinion of ET
Many brokerage firms have already submitted their reports for ET stocks, with Mizuho repeating the rating for ET by listing it as a “Buy.” The predicted price for ET in the upcoming period, according to Mizuho is $12 based on the research report published on April 29th of the current year 2021.
Evercore ISI, on the other hand, stated in their research note that they expect to see ET reach a price target of $14, previously predicting the price at $10. The rating they have provided for ET stocks is “Outperform” according to the report published on April 22nd, 2021.
Piper Sandler gave a rating of “Overweight” to ET, setting the target price at $9 in the report published on February 22nd of the current year.
ET Trading at 7.99% from the 50-Day Moving Average
After a stumble in the market that brought ET to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.84% of loss for the given period.
Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares surge +9.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.99% upper at present.
During the last 5 trading sessions, ET rose by +5.13%, which changed the moving average for the period of 200-days by +30.06% in comparison to the 20-day moving average, which settled at $8.11. In addition, Energy Transfer LP saw 39.32% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ET
Equity return is now at value -3.40, with -0.70 for asset returns.