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Energy Transfer LP (ET): A Technical Analysis

Energy Transfer LP (NYSE: ET) has a higher price-to-earnings ratio of 11.29x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.69. Analysts have mixed views on the stock, with 13 analysts rating it as a “buy,” 4 as “overweight,” 0 as “hold,” and 0 as “sell.”

The average price point forecasted by analysts for Energy Transfer LP (ET) is $17.27, which is $3.7 above the current market price. The public float for ET is 2.60B, and currently, short sellers hold a 1.80% ratio of that float. The average trading volume of ET on September 18, 2023 was 11.27M shares.

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ET) stock’s latest price update

The stock price of Energy Transfer LP (NYSE: ET) has jumped by 0.15 compared to previous close of 13.57. Despite this, the company has seen a fall of -1.24% in its stock price over the last five trading days. Seeking Alpha reported 2023-09-17 that Energy Transfer faces potential shutdown of the DAPL pipeline as the Army Corps of Engineers presents five alternatives, ranging from increased operation to removal. The ongoing court case and uncertainty surrounding the pipeline’s future overshadow Energy Transfer’s other activities and contribute to its cheap valuation. The quant system is unable to accurately forecast the impact of the potential liability.  Management likewise has a similar stance but believes the liability is insignificant.

ET’s Market Performance

ET’s stock has fallen by -1.24% in the past week, with a monthly rise of 6.42% and a quarterly rise of 5.84%. The volatility ratio for the week is 1.50% while the volatility levels for the last 30 days are 1.38% for Energy Transfer LP. The simple moving average for the past 20 days is 1.57% for ET’s stock, with a 7.07% simple moving average for the past 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 09, 2022 of the previous year 2022.

ET Trading at 3.35% 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 -2.02% of loss for the given period.

Volatility was left at 1.38%, however, over the last 30 days, the volatility rate increased by 1.50%, as shares surge +5.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.17% upper at present.

During the last 5 trading sessions, ET fell by -1.24%, which changed the moving average for the period of 200-days by +11.85% in comparison to the 20-day moving average, which settled at $13.41. In addition, Energy Transfer LP saw 14.49% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ET starting from MCCREA MARSHALL S III, who purchase 50,000 shares at the price of $13.79 back on Sep 05. After this action, MCCREA MARSHALL S III now owns 6,769,267 shares of Energy Transfer LP, valued at $689,500 using the latest closing price.

MCCREA MARSHALL S III, the Co-CEO of Energy Transfer LP, purchase 50,000 shares at $13.64 during a trade that took place back on Sep 01, which means that MCCREA MARSHALL S III is holding 6,719,267 shares at $682,000 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. The total capital return value is set at 8.84, while invested capital returns managed to touch 5.82. Equity return is now at value 13.80, with 3.60 for asset returns.

Based on Energy Transfer LP (ET), the company’s capital structure generated 148.69 points at debt to equity in total, while total debt to capital is 59.79. Total debt to assets is 46.20, with long-term debt to equity ratio resting at 181.86. Finally, the long-term debt to capital ratio is 59.73.

When we switch over and look at the enterprise to sales, we see a ratio of 1.13, with the company’s debt to enterprise value settled at 0.49. The receivables turnover for the company is 10.98 and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.


To put it simply, Energy Transfer LP (ET) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.