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Take A Look At This Energy Transfer LP (NYSE: ET) Analysis Before You Invest

Energy Transfer LP (NYSE:ET) traded at $12.91 at last check on Tuesday, January 24, made a downward move of -0.73% on its previous day’s price.

Looking at the stock we see that its previous close was $13.01 and the beta (5Y monthly) reads 1.76 with the day’s price range being $12.8512 – $13.07. The company has a trailing 12-month PE ratio of 9.66. In terms of its 52-week price range, ET has a high of $13.07 and a low of $8.75. The company’s stock has gained about 11.39% over that past 30 days.

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Energy Transfer LP has a market cap of $39.68 billion and is expected to release its quarterly earnings report on Feb 14, 2023 – Feb 20, 2023. With its Forward Dividend at 1.06 and a yield of 8.15%, the company’s investors could be anxious for the ET stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.37, with the EPS growth for the year raised at $1.46 for 2022 and $1.6 for next year. These figures represent -22.80% and 9.60% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $24.04 billion, with a low of $21.47 billion and a high of $26.64 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $91.25 billion, or 35.40% up from figures reported last year.

There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ET stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Based on estimates by 19 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Energy Transfer LP (ET) stock as a Hold, while 16 rate it as a Buy. 2 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 5.66% off its SMA20 and 6.59% from its 50-day simple moving average. The RSI (14) is pointing at 66.33 while the volatility over the past week is 1.98% and jumps to 2.02% over the past one month. The beta value is 1.75, while the average true range (ATR) is currently pointing at 0.27. The average price target for the stock over the next 12 months is $16.50, with the estimates having a low of $15.00 and a high of $21.00. These price ends are -16.19% and -62.66% off the today’s price level respectively, although investors could be excited at the prospect of a -27.81% if the ET share price touches on the median price of $16.50.

Let’s briefly compare Energy Transfer LP (ET) stock to its peers. We find that today’s price change of -0.73% and 36.52% over the past 12 months for ET competes that of DCP Midstream LP (DCP), which has seen its stock price fall -0.08% in the latest trading session and is 44.52% over the last one year. Another of its peers Enterprise Products Partners L.P. (EPD) has dropped -0.11% today, and was 8.57% up over the past year, while The Williams Companies Inc. (WMB) is also down -1.26% yet, while its price remains in the green at 10.11% over the same period. Energy Transfer LP has a P/E ratio of 9.66 compared to DCP Midstream LP’s 8.37 and Enterprise Products Partners L.P.’s 11.36. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.40% and -0.23%, respectively, in early deals.

Coming back to Energy Transfer LP (NYSE:ET), we note that the average 3-month trading volume was 14.74 million, while that of the preceding 10-day period stands at 11.36 million. Current shares outstanding are 3.09 billion.

The insiders hold 2.20% of the company’s shares while institutions hold 43.90%. The data shows that short shares as of Oct 13, 2022, stood at 88.73 million at a short ratio of 4.07. This represents a 2.87% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 85.83 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 9.60% up in year-to-date price movement.

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