The stock of Energy Transfer LP (NYSE: ET) has decreased by -1.66 when compared to last closing price of 15.68.Despite this, the company has seen a loss of -2.65% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-14 that Since I published my bull thesis on Energy Transfer early this year, the stock has delivered ~ 14% in total returns. This might raise the question of decreased attractiveness and at least partially exhausted upside. Looking at the underlying fundamentals, there is a strong evidence that ET has still the necessary characteristics to deliver juicy returns going forward.
Is It Worth Investing in Energy Transfer LP (NYSE: ET) Right Now?
The price-to-earnings ratio for Energy Transfer LP (NYSE: ET) is above average at 14.18x, Company’s 36-month beta value is 1.65.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ET is 2.87B, and currently, short sellers hold a 1.30% ratio of that floaft. The average trading volume of ET on April 15, 2024 was 12.34M shares.
ET’s Market Performance
The stock of Energy Transfer LP (ET) has seen a -2.65% decrease in the past week, with a 2.12% rise in the past month, and a 10.78% gain in the past quarter. The volatility ratio for the week is 1.62%, and the volatility levels for the past 30 days are at 1.39% for ET. The simple moving average for the last 20 days is -1.43% for ET’s stock, with a simple moving average of 11.20% for the last 200 days.
Analysts’ Opinion of ET
Many brokerage firms have already submitted their reports for ET stocks, with Goldman repeating the rating for ET by listing it as a “Neutral.” The predicted price for ET in the upcoming period, according to Goldman is $14 based on the research report published on October 06, 2023 of the previous year 2023.
Citigroup gave a rating of “Buy” to ET, setting the target price at $16 in the report published on December 09th of the previous year.
ET Trading at 2.78% 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 -3.87% of loss for the given period.
Volatility was left at 1.39%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +2.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.83% upper at present.
During the last 5 trading sessions, ET fell by -2.65%, which changed the moving average for the period of 200-days by +21.99% in comparison to the 20-day moving average, which settled at $15.66. In addition, Energy Transfer LP saw 11.74% 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 $13.19 back on Dec 12 ’23. After this action, MCCREA MARSHALL S III now owns 7,272,754 shares of Energy Transfer LP, valued at $659,500 using the latest closing price.
Mason Thomas P, the EVP & Pres. LNG of Energy Transfer LP, purchase 8,000 shares at $13.17 during a trade that took place back on Nov 13 ’23, which means that Mason Thomas P is holding 1,715,720 shares at $105,360 based on the most recent closing price.
Stock Fundamentals for ET
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.19 for the gross margin
The net margin for Energy Transfer LP stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 11.28, with 3.57 for asset returns.
Based on Energy Transfer LP (ET), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.21. The interest coverage ratio of the stock is 5.58.
Currently, EBITDA for the company is 13.16 billion with net debt to EBITDA at 6.08. When we switch over and look at the enterprise to sales, we see a ratio of 1.34. The receivables turnover for the company is 8.53for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.10.
Conclusion
In a nutshell, Energy Transfer LP (ET) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
