Market Analysts see Energy Transfer LP [ET] falling to $10. Time to buy?

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Energy Transfer LP [NYSE: ET] traded at a high on 08/14/20, posting a 1.07 gain after which it closed the day’ session at $6.62.

The results of the trading session contributed to over 14035231 shares changing hands. Over the past one week, the price volatility of Energy Transfer LP stands at 2.98% while the volatility over the past one month is 3.40%.

The market cap for ET stock reached $17.66 billion, with 2.69 billion shares outstanding and 2.31 billion shares in the current float. Compared to the average trading volume of 26.18M shares, ET reached a trading volume of 14035231 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Energy Transfer LP [ET]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ET shares is $11.32 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ET stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

RBC Capital Mkts have made an estimate for Energy Transfer LP shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 27, 2020. The new note on the price target was released on July 22, 2020, representing the official price target for Energy Transfer LP stock. Previously, the target price had yet another raise to $13, while BMO Capital Markets analysts kept a Outperform rating on ET stock.

The Average True Range (ATR) for Energy Transfer LP is set at 0.26, with the Price to Sales ratio for ET stock in the period of the last 12 months amounting to 0.38. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 0.06. Price to Free Cash Flow for ET in the course of the last twelve months was 15.03 with Quick ratio for the last quarter at 0.70.

How has ET stock performed recently?

Energy Transfer LP [ET] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.95. With this latest performance, ET shares gained by 0.46% in over the last four-week period, additionally sinking by -47.96% over the last 6 months – not to mention a drop of -49.43% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ET stock in for the last two-week period is set at 45.71, with the RSI for the last a single of trading hit 49.87, and the three-weeks RSI is set at 46.61 for Energy Transfer LP [ET]. The present Moving Average for the last 50 days of trading for this stock 7.09, while it was recorded at 6.55 for the last single week of trading, and 9.31 for the last 200 days.

Energy Transfer LP [ET]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Energy Transfer LP [ET] shares currently have an operating margin of +13.67 and a Gross Margin at +14.95. Energy Transfer LP’s Net Margin is presently recorded at +6.62.

Return on Total Capital for ET is now 9.04, given the latest momentum, and Return on Invested Capital for the company is 5.21. Return on Equity for this stock inclined to 16.93, with Return on Assets sitting at 3.80. When it comes to the capital structure of this company, Energy Transfer LP [ET] has a Total Debt to Total Equity ratio set at 238.28. Additionally, ET Total Debt to Total Capital is recorded at 70.44, with Total Debt to Total Assets ending up at 52.12. Long-Term Debt to Equity for the company is recorded at 237.88, with the Long-Term Debt to Total Capital now at 70.32.

Reflecting on the efficiency of the workforce at the company, Energy Transfer LP [ET] managed to generate an average of $280,050 per employee. Receivables Turnover for the company is 11.37 with a Total Asset Turnover recorded at a value of 0.57.Energy Transfer LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.00.

Earnings analysis for Energy Transfer LP [ET]

With the latest financial reports released by the company, Energy Transfer LP posted 0.32/share EPS, while the average EPS was predicted by analysts to be reported at 0.37/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -13.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ET. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Energy Transfer LP go to -6.90%.

Insider trade positions for Energy Transfer LP [ET]

There are presently around $7,952 million, or 50.00% of ET stock, in the hands of institutional investors. The top three institutional holders of ET stocks are: BLACKSTONE GROUP INC with ownership of 161,580,105, which is approximately 96.307% of the company’s market cap and around 3.10% of the total institutional ownership; HARVEST FUND ADVISORS LLC, holding 102,422,972 shares of the stock with an approximate value of $678.04 million in ET stocks shares; and TORTOISE CAPITAL ADVISORS, L.L.C., currently with $456.22 million in ET stock with ownership of nearly 6.258% of the company’s market capitalization.

Positions in Energy Transfer LP stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 368 institutional holders increased their position in Energy Transfer LP [NYSE:ET] by around 147,331,533 shares. Additionally, 331 investors decreased positions by around 226,616,342 shares, while 176 investors held positions by with 827,253,546 shares. The mentioned changes placed institutional holdings at 1,201,201,421 shares, according to the latest SEC report filing. ET stock had 99 new institutional investments in for a total of 27,936,657 shares, while 88 institutional investors sold positions of 25,374,542 shares during the same period.

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