Energy Transfer LP (NYSE: ET)’s stock price has plunge by 1.55relation to previous closing price of 15.53. Nevertheless, the company has seen a 2.27% surge in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-20 that A Tennessee congressman trounced the S&P 500’s returns in 2023 thanks largely to investments in energy stocks. One of those stocks is a midstream energy leader with an especially high distribution yield.
Is It Worth Investing in Energy Transfer LP (NYSE: ET) Right Now?
Energy Transfer LP (NYSE: ET) has a higher price-to-earnings ratio of 14.50x compared to its average ratio. ET has 36-month beta value of 1.63. Analysts have mixed views 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 float. The average trading volume of ET on April 22, 2024 was 12.56M shares.
ET’s Market Performance
The stock of Energy Transfer LP (ET) has seen a 2.27% increase in the past week, with a 0.70% rise in the past month, and a 14.36% gain in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are at 1.56% for ET. The simple moving average for the last 20 days is 1.06% for ET stock, with a simple moving average of 13.20% 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 4.39% 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 -1.68% of loss for the given period.
Volatility was left at 1.56%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares surge +1.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.45% upper at present.
During the last 5 trading sessions, ET rose by +2.27%, which changed the moving average for the period of 200-days by +22.82% in comparison to the 20-day moving average, which settled at $15.61. In addition, Energy Transfer LP saw 14.28% 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 1.35. 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
To put it simply, Energy Transfer LP (ET) has had a better performance in recent times. Analysts have a mixed 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.
