The stock of Energy Transfer LP (ET) has seen a -9.26% decrease in the past week, with a -10.58% drop in the past month, and a -1.72% decrease in the past quarter. The volatility ratio for the week is 3.83%, and the volatility levels for the past 30 days are at 2.48% for ET. The simple moving average for the last 20 days is -8.70% for ET stock, with a simple moving average of -0.82% for the last 200 days.
Is It Worth Investing in Energy Transfer LP (NYSE: ET) Right Now?
The price-to-earnings ratio for Energy Transfer LP (NYSE: ET) is 8.55x, which is above its average ratio. Moreover, the 36-month beta value for ET is 1.72. Analysts have varying opinions on the stock, with 14 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Energy Transfer LP (ET) is $16.82, which is $5.11 above the current market price. The public float for ET is 2.48B and currently, short sellers hold a 1.92% of that float. On March 16, 2023, ET’s average trading volume was 13.92M shares.
ET) stock’s latest price update
Energy Transfer LP (NYSE: ET)’s stock price has decreased by -1.97 compared to its previous closing price of 11.94. Nevertheless, the company has seen a -9.26% plunge in its stock price over the last five trading sessions. The Wall Street Journal reported on 05/07/21 that GoPro, Peloton, Roku, DraftKings: What to Watch When the Stock Market Opens Today
Analysts’ Opinion of ET
The stock of Energy Transfer LP (ET) has seen a -9.26% decrease in the past week, with a -10.58% drop in the past month, and a -1.72% decrease in the past quarter. The volatility ratio for the week is 3.83%, and the volatility levels for the past 30 days are at 2.48% for ET. The simple moving average for the last 20 days is -8.70% for ET stock, with a simple moving average of -0.82% for the last 200 days.
Analysts’ Opinion of ET
Many brokerage firms have already submitted their reports for ET stocks, with Citigroup repeating the rating for ET by listing it as a “Buy.” The predicted price for ET in the upcoming period, according to Citigroup is $16 based on the research report published on December 09th of the previous year 2022.
Morgan Stanley, on the other hand, stated in their research note that they expect to see ET reach a price target of $12. The rating they have provided for ET stocks is “Overweight” according to the report published on January 07th, 2022.
BofA Securities gave a rating of “Buy” to ET, setting the target price at $14 in the report published on September 28th of the previous year.
ET Trading at -8.43% 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 -14.37% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 3.83%, as shares sank -11.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.39% upper at present.
During the last 5 trading sessions, ET fell by -9.57%, which changed the moving average for the period of 200-days by +0.13% in comparison to the 20-day moving average, which settled at $12.75. In addition, Energy Transfer LP saw -1.39% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ET starting from WARREN KELCY L, who purchase 1,660,602 shares at the price of $13.05 back on Feb 23. After this action, WARREN KELCY L now owns 58,578,477 shares of Energy Transfer LP, valued at $21,670,856 using the latest closing price.
WARREN KELCY L, the Executive Chairman of Energy Transfer LP, purchase 1,339,398 shares at $12.99 during a trade that took place back on Feb 22, which means that WARREN KELCY L is holding 56,917,875 shares at $17,398,780 based on the most recent closing price.
Stock Fundamentals for ET
Current profitability levels for the company are sitting at:
- +8.90 for the present operating margin
- +10.03 for the gross margin
The net margin for Energy Transfer LP stands at +5.29. Equity return is now at value 16.30, with 4.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
To wrap up, the performance of Energy Transfer LP (ET) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
