The stock of Energy Transfer LP (ET) has seen a 10.38% increase in the past week, with a 16.37% gain in the past month, and a 18.47% flourish in the past quarter. The volatility ratio for the week is 2.37%, and the volatility levels for the past 30 days are at 1.61% for ET. The simple moving average for the last 20 days is 10.51% for ET stock, with a simple moving average of 19.86% for the last 200 days.
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 14.05x compared to its average ratio, The 36-month beta value for ET is at 1.67. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 7 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ET is 2.94B, and currently, shorts hold a 0.83% of that float. The average trading volume for ET on November 22, 2024 was 13.60M shares.
ET) stock’s latest price update
Energy Transfer LP (NYSE: ET)’s stock price has increased by 0.61 compared to its previous closing price of 18.97. However, the company has seen a 10.38% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-21 that ET’s recent P/E expansion has factored in some – but not all the – growth potential ahead. Market projects a 11.7% CAGR for its EPS growth through 2028 for good reasons. Potential catalysts include Trump’s energy policies, ET’s strategic investments in the Permian Basin, and higher energy demand from digital technologies.
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 14.51% 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 able to rebound, for now settling with 0.08% of gains for the given period.
Volatility was left at 1.61%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares surge +15.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.90% upper at present.
During the last 5 trading sessions, ET rose by +10.27%, which changed the moving average for the period of 200-days by +37.06% in comparison to the 20-day moving average, which settled at $17.27. In addition, Energy Transfer LP saw 38.30% 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 1.5. 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 had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
