For Energy Transfer LP [ET], Analyst sees a rise to $16. What next?

Energy Transfer LP [NYSE: ET] plunged by -$0.15 during the normal trading session on Friday and reaching a high of $12.9721 during the day while it closed the day at $12.86. The company report on February 17, 2023 that Energy Transfer LP Files 2022 Annual Report.

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Energy Transfer LP (NYSE: ET) today announced it has filed its annual report on Form 10-K for the year ended December 31, 2022 with the Securities and Exchange Commission (SEC).

Energy Transfer makes available on its website,, annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and other information filed with or furnished to the SEC. Energy Transfer also will provide any unitholder with a printed copy of its annual report on Form 10-K, which includes audited financial statements, free of charge upon request. Such requests should be directed in writing to Investor Relations, 8111 Westchester Drive, Suite 600, Dallas, TX 75225.

Energy Transfer LP stock has also loss -1.46% of its value over the past 7 days. However, ET stock has inclined by 2.96% in the 3 months of the year. Over the past six months meanwhile, it has gained 4.64% and gained 8.34% year-on date.

The market cap for ET stock reached $40.26 billion, with 3.09 billion shares outstanding and 2.48 billion shares in the current float. Compared to the average trading volume of 13.84M shares, ET reached a trading volume of 11829864 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $16.75 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 0.45. The Price to Book ratio for the last quarter was 1.47, with the Price to Cash per share for the same quarter was set at 0.08. Price to Free Cash Flow for ET in the course of the last twelve months was 15.35 with Quick ratio for the last quarter at 0.90.

ET stock trade performance evaluation

Energy Transfer LP [ET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.46. With this latest performance, ET shares dropped by -2.21% in over the last four-week period, additionally plugging by 4.64% over the last 6 months – not to mention a rise of 31.49% 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 49.90, with the RSI for the last a single of trading hit 46.43, and the three-weeks RSI is set at 51.95 for Energy Transfer LP [ET]. The present Moving Average for the last 50 days of trading for this stock 12.53, while it was recorded at 12.90 for the last single week of trading, and 11.70 for the last 200 days.

Energy Transfer LP [ET]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Energy Transfer LP [ET] shares currently have an operating margin of +8.90 and a Gross Margin at +10.03. Energy Transfer LP’s Net Margin is presently recorded at +5.29.

Return on Equity for this stock inclined to 14.77, with Return on Assets sitting at 4.46.

Energy Transfer LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.

Earnings per share (EPS) analysis for Energy Transfer LP [ET] stock

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 Ownership positions

There are presently around $15,010 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 160,737,127, which is approximately -9.79% of the company’s market cap and around 2.20% of the total institutional ownership; GOLDMAN SACHS GROUP INC, holding 77,158,243 shares of the stock with an approximate value of $992.25 million in ET stocks shares; and MORGAN STANLEY, currently with $981.72 million in ET stock with ownership of nearly 20.945% of the company’s market capitalization.

Positions in Energy Transfer LP stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 484 institutional holders increased their position in Energy Transfer LP [NYSE:ET] by around 77,525,022 shares. Additionally, 281 investors decreased positions by around 81,077,004 shares, while 221 investors held positions by with 1,008,593,925 shares. The mentioned changes placed institutional holdings at 1,167,195,951 shares, according to the latest SEC report filing. ET stock had 130 new institutional investments in for a total of 6,605,022 shares, while 58 institutional investors sold positions of 6,344,962 shares during the same period.


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