While Energy Transfer LP has underperformed by -0.53%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ET rose by 40.90%, with highs and lows ranging from $20.02 to $13.11, whereas the simple moving average jumped by 15.80% in the last 200 days.
On October 17, 2024, BofA Securities started tracking Energy Transfer LP (NYSE: ET) recommending Buy. Citigroup Initiated an Buy rating on December 09, 2022, and assigned a price target of $16. Morgan Stanley initiated its ‘Overweight’ rating for ET, as published in its report on January 07, 2022. BofA Securities’s report from September 28, 2021 suggests a price prediction of $14 for ET shares, giving the stock a ‘Buy’ rating. Tudor Pickering also rated the stock as ‘Buy’.
Analysis of Energy Transfer LP (ET)
ET currently pays a dividend of $1.27 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 0.16%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Energy Transfer LP’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 14.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.88, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 14.44M can be a very valuable indicator of volatility for ET stock. On a monthly basis, the volatility of the stock is set at 2.30%, whereas on a weekly basis, it is put at 2.87%, with a loss of -2.70% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.93, showing growth from the present price of $18.74, which can serve as yet another indication of whether ET is worth investing in or should be passed over.
How Do You Analyze Energy Transfer LP Shares?
The USA based company Energy Transfer LP (ET) is one of the biggest names in Oil & Gas Midstream. When comparing Energy Transfer LP shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 13.79, there is a growth in quarterly earnings of 120.26%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 14.13%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 29.13% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ET shares are owned by institutional investors to the tune of 29.13% at present.
