Energy Transfer LP (NYSE:ET) shares, rose in value, with the stock price down by -1.99% to the previous day’s close as strong demand from buyers drove the stock to $17.84.
Actively observing the price movement in the recent trading, the stock is buoying the session at $18.20. The PE ratio was 13.87 over 12-month period. Referring to stock’s 52-week performance, its high was $21.45, and the low was $14.87. On the whole, ET has fluctuated by -14.12% over the past month.
With the market capitalization of Energy Transfer LP currently standing at about $61.20 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 1.29, with its dividend yield at 7.20%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 93.12B, with a low estimate of 22.14B and a high estimate of 24.69B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 23.43B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ET’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 1.24, with the price of ET currently trading nearly -8.11% and -9.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.84, while the 7-day volatility ratio is showing 3.24% which for the 30-day chart, stands at 2.70%. Furthermore, Energy Transfer LP (ET)’s beta value is 1.32, and its average true range (ATR) is 0.60.
A comparison of Energy Transfer LP (ET) with its peers suggests the former has fared considerably weaker in the market. ET showed an intraday change of -1.99% in today’s session so far, and over the past year, it grew by 19.71%%.
Data on historical trading for Energy Transfer LP (NYSE:ET) indicates that the trading volumes over the past 3 months, they’ve averaged 16.10 million. According to company’s latest data on outstanding shares, there are 3.43 billion shares outstanding.
Nearly 12.53% of Energy Transfer LP’s shares belong to company insiders and institutional investors own 31.25% of the company’s shares. The stock has fallen by -8.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ET stock heading into the next quarter.
