Energy Transfer LP [ET] Is Currently 0.90 below its 200 Period Moving Avg: What Does This Mean?

Energy Transfer LP [NYSE: ET] surged by $0.13 during the normal trading session on while it closed the day at $14.55. The company report on February 16, 2024 at 4:03 PM that Sunoco LP Files 2023 Annual Report on Form 10-K.

Sunoco LP (NYSE: SUN) (“SUN” or the “Partnership”) on February 16, 2024, filed operational and financial results for the fiscal year ended December 31, 2023, on Form 10-K with the U.S. Securities and Exchange Commission. The Annual Report on Form 10-K is available in the Investor Relations section of the Partnership’s website at www.sunocolp.com under “SEC Filings & Financial Reports,” as well as on the SEC’s website at www.sec.gov.

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Sunoco LP unitholders may also request a printed copy of the report, which contains the Partnership’s audited financial statements, free of charge by emailing IR@SunocoLP.com or by completing the request form on the Investor Relations website.

Energy Transfer LP stock has also gained 4.38% of its value over the past 7 days. However, ET stock has inclined by 8.91% in the 3 months of the year. Over the past six months meanwhile, it has gained 12.79% and gained 5.43% year-on date.

The market cap for ET stock reached $48.93 billion, with 3.37 billion shares outstanding and 2.86 billion shares in the current float. Compared to the average trading volume of 14.52M shares, ET reached a trading volume of 16475102 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 $17.99 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 1.28. 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.

Goldman have made an estimate for Energy Transfer LP shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 06, 2023.

The Average True Range (ATR) for Energy Transfer LP is set at 0.22, with the Price to Sales ratio for ET stock in the period of the last 12 months amounting to 0.62. The Price to Book ratio for the last quarter was 1.62, with the Price to Cash per share for the same quarter was set at 0.07. Price to Free Cash Flow for ET in the course of the last twelve months was 7.55 with Quick ratio for the last quarter at 0.86.

ET stock trade performance evaluation

Energy Transfer LP [ET] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.38. With this latest performance, ET shares gained by 6.05% in over the last four-week period, additionally plugging by 12.79% over the last 6 months – not to mention a rise of 10.73% 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 64.31, with the RSI for the last a single of trading hit 68.41, and the three-weeks RSI is set at 61.96 for Energy Transfer LP [ET]. The present Moving Average for the last 50 days of trading for this stock 13.93, while it was recorded at 14.23 for the last single week of trading, and 13.38 for the last 200 days.

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

Energy Transfer LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.86 and a Current Ratio set at 1.10.

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

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 8.20%.

Energy Transfer LP [ET]: Institutional Ownership

The top three institutional holders of ET stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in ET stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in ET stock with ownership which is approximately 5.8325%.