Energy Transfer LP [NYSE: ET] stock went on an upward path that rose over 0.08% on Friday, amounting to a one-week price increase of more than 0.51%. The company report on December 15, 2022 that Energy Transfer Announces Gulf Run Transmission Is In Service.
Gulf Run provides connectivity from natural gas producing regions in the U.S. to the Gulf Coast to meet growing domestic and international demand.
Dallas-based Energy Transfer LP (NYSE: ET) today announced its subsidiary, Gulf Run Transmission LLC has received FERC approval to place the Gulf Run pipeline in service delivering domestically produced natural gas from key U.S. producing regions to meet the rapidly growing demand along the Gulf Coast and international markets. The newly constructed 135-mile, 42-inch natural gas pipeline in Louisiana has a capacity of 1.65 Bcf/day, with potential growth opportunities.
Over the last 12 months, ET stock rose by 45.47%. The one-year Energy Transfer LP stock forecast points to a potential upside of 27.22. The average equity rating for ET stock is currently 1.60, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $36.63 billion, with 3.09 billion shares outstanding and 2.48 billion shares in the current float. Compared to the average trading volume of 16.19M shares, ET stock reached a trading volume of 7228095 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 $16.31 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 1.60. 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.
Citigroup have made an estimate for Energy Transfer LP shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 09, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on January 07, 2022, representing the official price target for Energy Transfer LP stock. Previously, the target price had yet another raise to $14, while BofA Securities analysts kept a Buy rating on ET stock.
The Average True Range (ATR) for Energy Transfer LP is set at 0.28, with the Price to Sales ratio for ET stock in the period of the last 12 months amounting to 0.42. The Price to Book ratio for the last quarter was 1.37, with the Price to Cash per share for the same quarter was set at 0.11. Price to Free Cash Flow for ET in the course of the last twelve months was 10.32 with Quick ratio for the last quarter at 0.90.
ET Stock Performance Analysis:
Energy Transfer LP [ET] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.51. With this latest performance, ET shares dropped by -5.34% in over the last four-week period, additionally plugging by 18.46% over the last 6 months – not to mention a rise of 45.47% 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 49.11, with the RSI for the last a single of trading hit 50.53, and the three-weeks RSI is set at 49.08 for Energy Transfer LP [ET]. The present Moving Average for the last 50 days of trading for this stock 12.10, while it was recorded at 11.85 for the last single week of trading, and 11.39 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 +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 0.90 and a Current Ratio set at 1.10.
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 -4.10%.
Energy Transfer LP [ET] Insider Position Details
There are presently around $13,875 million, or 43.90% of ET stock, in the hands of institutional investors. The top three institutional holders of ET stocks are: BLACKSTONE INC. with ownership of 178,180,788, which is approximately -4.545% of the company’s market cap and around 2.20% of the total institutional ownership; GOLDMAN SACHS GROUP INC, holding 82,396,892 shares of the stock with an approximate value of $978.05 million in ET stocks shares; and MORGAN STANLEY, currently with $749.22 million in ET stock with ownership of nearly 1.826% of the company’s market capitalization.
416 institutional holders increased their position in Energy Transfer LP [NYSE:ET] by around 49,406,779 shares. Additionally, 261 investors decreased positions by around 78,594,380 shares, while 228 investors held positions by with 1,040,928,012 shares. The mentioned changes placed institutional holdings at 1,168,929,171 shares, according to the latest SEC report filing. ET stock had 70 new institutional investments in for a total of 11,317,131 shares, while 53 institutional investors sold positions of 6,908,546 shares during the same period.