Energy Transfer LP [ET] gain 59.55% so far this year. What now?

Energy Transfer LP [NYSE: ET] stock went on a downward path that fall over -1.10% on Friday, amounting to a one-week price decrease of less than -1.40%. The company report on July 23, 2021 that Energy Transfer Announces Quarterly Cash Distribution and Earnings Release and Earnings Call Dates.

Energy Transfer LP (NYSE: ET) announced a quarterly cash distribution of $0.1525 per ET common unit ($0.61 on an annualized basis) for the second quarter ended June 30, 2021. The announced quarterly distribution is consistent with the distribution for the first quarter of 2021 and will be paid on August 19, 2021 to unitholders of record as of the close of business on August 6, 2021.

Second Quarter 2021 Earnings Release and Conference Call.

Over the last 12 months, ET stock rose by 51.23%. The one-year Energy Transfer LP stock forecast points to a potential upside of 24.5. The average equity rating for ET stock is currently 1.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $26.95 billion, with 2.70 billion shares outstanding and 2.31 billion shares in the current float. Compared to the average trading volume of 16.17M shares, ET stock reached a trading volume of 7904904 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $13.06 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 1.80. 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.

Wolfe Research have made an estimate for Energy Transfer LP shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 16, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on May 21, 2021, representing the official price target for Energy Transfer LP stock. Previously, the target price had yet another raise from $12 to $13, while Wells Fargo kept a Overweight rating on ET stock.

The Average True Range (ATR) for Energy Transfer LP is set at 0.32, with the Price to Sales ratio for ET stock in the period of the last 12 months amounting to 0.61. The Price to Book ratio for the last quarter was 1.24, with the Price to Cash per share for the same quarter was set at 0.13. Price to Free Cash Flow for ET in the course of the last twelve months was 6.67 with Quick ratio for the last quarter at 0.80.

ET Stock Performance Analysis:

Energy Transfer LP [ET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.40. With this latest performance, ET shares dropped by -7.24% in over the last four-week period, additionally plugging by 57.26% over the last 6 months – not to mention a rise of 51.23% 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 43.89, with the RSI for the last a single of trading hit 43.29, and the three-weeks RSI is set at 45.90 for Energy Transfer LP [ET]. The present Moving Average for the last 50 days of trading for this stock 10.41, while it was recorded at 9.91 for the last single week of trading, and 7.99 for the last 200 days.

Insight into Energy Transfer LP Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Energy Transfer LP [ET] shares currently have an operating margin of +14.98 and a Gross Margin at +16.80. Energy Transfer LP’s Net Margin is presently recorded at -1.66.

Return on Total Capital for ET is now 6.82, given the latest momentum, and Return on Invested Capital for the company is -0.90. Return on Equity for this stock declined to -3.21, with Return on Assets sitting at -0.66. When it comes to the capital structure of this company, Energy Transfer LP [ET] has a Total Debt to Total Equity ratio set at 282.30. Additionally, ET Total Debt to Total Capital is recorded at 73.84, with Total Debt to Total Assets ending up at 54.46. Long-Term Debt to Equity for the company is recorded at 281.90, with the Long-Term Debt to Total Capital now at 73.74.

Reflecting on the efficiency of the workforce at the company, Energy Transfer LP [ET] managed to generate an average of -$56,650 per employee. Receivables Turnover for the company is 8.35 with a Total Asset Turnover recorded at a value of 0.40.Energy Transfer LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.00.

ET Stock EPS

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%.

Energy Transfer LP [ET] Insider Position Details

There are presently around $10,073 million, or 38.60% of ET stock, in the hands of institutional investors. The top three institutional holders of ET stocks are: BLACKSTONE GROUP INC with ownership of 131,590,591, which is approximately -1.516% of the company’s market cap and around 14.31% of the total institutional ownership; GOLDMAN SACHS GROUP INC, holding 74,872,227 shares of the stock with an approximate value of $738.24 million in ET stocks shares; and ALPS ADVISORS INC, currently with $624.18 million in ET stock with ownership of nearly -7.157% of the company’s market capitalization.

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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 312 institutional holders increased their position in Energy Transfer LP [NYSE:ET] by around 66,330,899 shares. Additionally, 323 investors decreased positions by around 75,833,644 shares, while 184 investors held positions by with 879,416,753 shares. The mentioned changes placed institutional holdings at 1,021,581,296 shares, according to the latest SEC report filing. ET stock had 68 new institutional investments in for a total of 6,167,033 shares, while 77 institutional investors sold positions of 9,278,141 shares during the same period.

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