Energy Transfer LP (NYSE:ET) went down by -2.21% from its latest closing price compared to the recent 1-year high of $11.55. The company’s stock price has collected 1.98% of gains in the last five trading sessions. Barron’s reported on 09/08/21 that 6 Energy Stocks That Don’t Deserve to Be Left Behind
Is It Worth Investing in Energy Transfer LP (NYSE :ET) Right Now?
Energy Transfer LP (NYSE:ET) scored a price-to-earnings ratio above its average ratio, recording 6.84 x from its present earnings ratio. Plus, the 36-month beta value for ET is at 2.44. Opinions of the stock are interesting as 16 analysts out of 18 who provided ratings for Energy Transfer LP declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $14.19, which is $4.54 above the current price. ET currently public float of 1.97B and currently shorts hold a 3.35% ratio of that float. Today, the average trading volume of ET was 12.74M shares.
ET’s Market Performance
ET stocks went up by 1.98% for the week, with a monthly drop of -2.11% and a quarterly performance of -13.43%, while its annual performance rate touched 68.12%. The volatility ratio for the week stands at 3.64% while the volatility levels for the past 30 days are set at 2.82% for Energy Transfer LP. The simple moving average for the period of the last 20 days is -0.24% for ET stocks with a simple moving average of 7.40% for the last 200 days.
Analysts’ Opinion of ET
Many brokerage firms have already submitted their reports for ET stocks, with Tudor Pickering repeating the rating for ET by listing it as a “Buy.” The predicted price for ET in the upcoming period, according to Tudor Pickering is $14 based on the research report published on September 21st of the current year 2021.
Wolfe Research, on the other hand, stated in their research note that they expect to see ET reach a price target of $13, previously predicting the price at $12. The rating they have provided for ET stocks is “Outperform” according to the report published on July 16th, 2021.
Citigroup gave a rating of “Buy” to ET, setting the target price at $14 in the report published on May 21st of the current year.
ET Trading at -1.79% 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 -19.65% of loss for the given period.
Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 3.64%, as shares surge +0.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.21% lower at present.
During the last 5 trading sessions, ET rose by +1.98%, which changed the moving average for the period of 200-days by +37.69% in comparison to the 20-day moving average, which settled at $9.31. In addition, Energy Transfer LP saw 50.16% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ET starting from Brannon Richard D, who purchase 44,000 shares at the price of $9.18 back on Sep 17. After this action, Brannon Richard D now owns 126,574 shares of Energy Transfer LP, valued at $403,880 using the latest closing price.
Brannon Richard D, the Director of Energy Transfer LP, purchase 24,500 shares at $9.33 during a trade that took place back on Sep 15, which means that Brannon Richard D is holding 362,320 shares at $228,585 based on the most recent closing price.
Stock Fundamentals for ET
Current profitability levels for the company are sitting at:
- +14.98 for the present operating margin
- +16.80 for the gross margin
The net margin for Energy Transfer LP stands at -1.66. The total capital return value is set at 6.82, while invested capital returns managed to touch -0.90. Equity return is now at value 18.40, with 3.80 for asset returns.
Based on Energy Transfer LP (ET), the company’s capital structure generated 282.30 points at debt to equity in total, while total debt to capital is 73.84. Total debt to assets is 54.46, with long-term debt to equity ratio resting at 281.90. Finally, the long-term debt to capital ratio is 73.74.
When we switch over and look at the enterprise to sales, we see a ratio of 2.11, with the company’s debt to enterprise value settled at 0.64. The receivables turnover for the company is 8.35 and the total asset turnover is 0.40. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.