While Energy Transfer LP has underperformed by -0.89%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ET rose by 37.04%, with highs and lows ranging from $21.45 to $14.52, whereas the simple moving average jumped by 15.85% 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)
Investors in Energy Transfer LP will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.28 per share. Further, the quarter-over-quarter decrease in sales is -4.83%, showing a negative trend in the upcoming months.
One of the most important indicators of Energy Transfer LP’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 13.20% 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.
For any stock, average volume can also provide valuable insight into volatility, and ET is recording 16.32M average volume. On a monthly basis, the volatility of the stock is set at 2.39%, whereas on a weekly basis, it is put at 1.90%, with a gain of 1.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $23.07, showing growth from the present price of $19.94, 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 Oil & Gas Midstream market is dominated by Energy Transfer LP (ET) based in the USA. 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 15.54, there is a growth in quarterly earnings of -20.63%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 12.53%. 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 31.17% 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 31.17% at present.
