The price-to-earnings ratio for Energy Transfer LP (NYSE: ET) is 14.67x, which is above its average ratio. Moreover, the 36-month beta value for ET is 1.63. Analysts have varying 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 1.26% of that float. On April 29, 2024, ET’s average trading volume was 12.21M shares.
ET) stock’s latest price update
Energy Transfer LP (NYSE: ET)’s stock price has increased by 0.13 compared to its previous closing price of 15.94. However, the company has seen a 1.20% increase in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-28 that Hercules Capital and Ares Capital are two leading BDCs with jaw-dropping long-term returns. Energy Transfer and Enterprise Products Partners are both interesting opportunities in an otherwise volatile energy market.
ET’s Market Performance
Energy Transfer LP (ET) has seen a 1.20% rise in stock performance for the week, with a 2.70% gain in the past month and a 10.37% surge in the past quarter. The volatility ratio for the week is 1.06%, and the volatility levels for the past 30 days are at 1.54% for ET. The simple moving average for the past 20 days is 1.76% for ET’s stock, with a 13.95% simple moving average for the past 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 4.33% 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 -0.50% of loss for the given period.
Volatility was left at 1.54%, however, over the last 30 days, the volatility rate increased by 1.06%, as shares surge +1.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.11% upper at present.
During the last 5 trading sessions, ET rose by +1.20%, which changed the moving average for the period of 200-days by +22.86% in comparison to the 20-day moving average, which settled at $15.69. In addition, Energy Transfer LP saw 15.65% 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 1.36. 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 wrap up, the performance of Energy Transfer LP (ET) has been better in recent times. The stock has received a mixed of “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.
