Energy Transfer LP [ET] Revenue clocked in at $70.91 billion, up 19.44% YTD: What’s Next?


Energy Transfer LP [NYSE: ET] loss -2.96% or -0.3 points to close at $9.83 with a heavy trading volume of 48239826 shares. The company report on June 5, 2022 that Energy Transfer Signs LNG Sale and Purchase Agreement With China Gas.

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25-Year Agreement for LNG for Supply from Energy Transfer’s Lake Charles LNG Export Facility Represents First Long-Term LNG Contract Signed by China Gas.

Energy Transfer LP (NYSE: ET) and China Gas Holdings Limited (HKEX:00384) today announced that China Gas Hongda Energy Trading Co., LTD, a subsidiary of China Gas Holdings Limited (China Gas) has entered into an LNG Sale and Purchase Agreement with Energy Transfer LNG Export, LLC (Energy Transfer LNG), a subsidiary of Dallas-based Energy Transfer LP, related to its Lake Charles LNG project.

It opened the trading session at $10.05, the shares rose to $10.26 and dropped to $9.73, the range by which the price of stock traded the whole day. The daily chart for ET points out that the company has recorded 15.78% gains over the past six months. However, it is still -23.49% lower than its most recent low trading price.

If we look at the average trading volume of 22.17M shares, ET reached to a volume of 48239826 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Energy Transfer LP [ET]:

Morgan Stanley have made an estimate for Energy Transfer LP shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 07, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on September 28, 2021, representing the official price target for Energy Transfer LP stock. Previously, the target price had yet another raise to $14, while Tudor Pickering analysts kept a Buy rating on ET stock. On July 16, 2021, analysts increased their price target for ET shares from 12 to 13.

The Average True Range (ATR) for Energy Transfer LP is set at 0.44, with the Price to Sales ratio for ET stock in the period of the last 12 months amounting to 0.44. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 0.35. Price to Free Cash Flow for ET in the course of the last twelve months was 9.19 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for ET stock

Energy Transfer LP [ET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.55. With this latest performance, ET shares dropped by -12.47% in over the last four-week period, additionally plugging by 15.78% over the last 6 months – not to mention a drop of -6.91% 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 28.42, with the RSI for the last a single of trading hit 19.59, and the three-weeks RSI is set at 34.57 for Energy Transfer LP [ET]. The present Moving Average for the last 50 days of trading for this stock 11.37, while it was recorded at 10.51 for the last single week of trading, and 9.98 for the last 200 days.

Energy Transfer LP [ET]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Energy Transfer LP [ET] shares currently have an operating margin of +12.85 and a Gross Margin at +14.07. Energy Transfer LP’s Net Margin is presently recorded at +8.10.

Return on Equity for this stock inclined to 21.93, with Return on Assets sitting at 5.39.

Energy Transfer LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.10.

Energy Transfer LP [ET]: An earnings per share (EPS) analysis

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 -11.98%.

An analysis of insider ownership at Energy Transfer LP [ET]

There are presently around $12,030 million, or 39.50% of ET stock, in the hands of institutional investors. The top three institutional holders of ET stocks are: BLACKSTONE INC. with ownership of 184,681,477, which is approximately 7.653% of the company’s market cap and around 1.20% of the total institutional ownership; GOLDMAN SACHS GROUP INC, holding 89,916,375 shares of the stock with an approximate value of $883.88 million in ET stocks shares; and ALPS ADVISORS INC, currently with $634.81 million in ET stock with ownership of nearly 10.884% of the company’s market capitalization.

Positions in Energy Transfer LP stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 404 institutional holders increased their position in Energy Transfer LP [NYSE:ET] by around 116,606,910 shares. Additionally, 270 investors decreased positions by around 68,478,587 shares, while 218 investors held positions by with 1,038,699,812 shares. The mentioned changes placed institutional holdings at 1,223,785,309 shares, according to the latest SEC report filing. ET stock had 79 new institutional investments in for a total of 9,386,003 shares, while 64 institutional investors sold positions of 7,430,783 shares during the same period.