Reassessing The Changing Outlook For Energy Transfer LP (ET)

Currently, there are 3.37B common shares owned by the public and among those 2.87B shares have been available to trade.

The company’s stock has a 5-day price change of 0.90% and 14.07% over the past three months. ET shares are trading 13.99% year to date (YTD), with the 12-month market performance up to 30.54% higher. It has a 12-month low price of $11.79 and touched a high of $15.74 over the same period. ET has an average intraday trading volume of 12.50 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.13%, 7.26%, and 14.72% respectively.

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Institutional ownership of Energy Transfer LP (NYSE: ET) shares accounts for 29.60% of the company’s 3.37B shares outstanding.

It has a market capitalization of $52.97B and a beta (3y monthly) value of 1.64. The stock’s trailing 12-month PE ratio is 14.46, while the earnings-per-share (ttm) stands at $1.09. The company has a PEG of 1.76 and a Quick Ratio of 0.86 with the debt-to-equity ratio at 1.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.26% over the week and 1.30% over the month.

Analysts forecast that Energy Transfer LP (ET) will achieve an EPS of $0.39 for the current quarter, $0.34 for the next quarter and $1.66 for 2025. The lowest estimate earnings-per-share for the quarter is $0.35 while analysts give the company a high EPS estimate of $0.46. Comparatively, EPS for the current quarter was $0.32 a year ago. Earnings per share for the fiscal year are expected to increase by 37.82%, and 11.02% over the next financial year. EPS should grow at an annualized rate of 8.20% over the next five years, compared to -0.88% over the past 5-year period.

Looking at the support for the ET, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on October 06, 2023, with the firm’s price target at $14. Citigroup was of a view on December 09, 2022 that the stock is Buy, while Morgan Stanley gave the stock Overweight rating on January 07, 2022, issuing a price target of $12. BofA Securities on their part issued Buy rating on September 28, 2021.

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