Energy Transfer LP (NYSE: ET)’s stock price has gone rise by 0.82 in comparison to its previous close of 17.15, however, the company has experienced a -0.06% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-11-15 that ET and WMB have been huge winners over the past 3 years. Both are enjoying strong growth tailwinds today. I share why I think only one of them is worth buying right now.
Is It Worth Investing in Energy Transfer LP (NYSE: ET) Right Now?
Energy Transfer LP (NYSE: ET) has a price-to-earnings ratio of 12.72x that is above its average ratio. Additionally, the 36-month beta value for ET is 1.65. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 7 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ET is 2.94B and currently, short sellers hold a 0.83% ratio of that float. The average trading volume of ET on November 18, 2024 was 12.92M shares.
ET’s Market Performance
ET stock saw an increase of -0.06% in the past week, with a monthly gain of 4.85% and a quarterly increase of 6.07%. The volatility ratio for the week is 1.30%, and the volatility levels for the last 30 days are 1.29% for Energy Transfer LP (ET). The simple moving average for the past 20 days is 3.06% for ET’s stock, with a 9.32% simple moving average for the past 200 days.
Analysts’ Opinion of ET
Many brokerage firms have already submitted their reports for ET stocks, with BofA Securities repeating the rating for ET by listing it as a “Buy.” The predicted price for ET in the upcoming period, according to BofA Securities is $20 based on the research report published on October 17, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see ET reach a price target of $14. The rating they have provided for ET stocks is “Neutral” according to the report published on October 06th, 2023.
ET Trading at 5.28% 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 -2.37% of loss for the given period.
Volatility was left at 1.29%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares surge +5.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.81% upper at present.
During the last 5 trading sessions, ET fell by -0.06%, which changed the moving average for the period of 200-days by +20.32% in comparison to the 20-day moving average, which settled at $16.78. In addition, Energy Transfer LP saw 25.29% 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 McIlwain Gregory G., who purchase 20,000 shares at the price of $15.68 back on Aug 23 ’24. After this action, McIlwain Gregory G. now owns 591,211 shares of Energy Transfer LP, valued at $313,600 using the latest closing price.
Long Thomas E, the Co-CEO of Energy Transfer LP, purchase 20,000 shares at $15.68 during a trade that took place back on Aug 12 ’24, which means that Long Thomas E is holding 4,308,859 shares at $313,600 based on the most recent closing price.
Stock Fundamentals for ET
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.17 for the gross margin
The net margin for Energy Transfer LP stands at 0.06. The total capital return value is set at -1.09. Equity return is now at value 14.80, with 4.36 for asset returns.
Based on Energy Transfer LP (ET), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 1.28. The interest coverage ratio of the stock is 3.01.
Currently, EBITDA for the company is 12.56 billion with net debt to EBITDA at 4.05. When we switch over and look at the enterprise to sales, we see a ratio of 1.43. The receivables turnover for the company is 8.34for trailing twelve months and the total asset turnover is 20.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
In conclusion, Energy Transfer LP (ET) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
