Energy Transfer LP [NYSE: ET] plunged by $15809981.8 during the normal trading session on Monday and reaching a high of $18.28 during the day while it closed the day at $15810000.0.
Energy Transfer LP stock has also gained 2.78% of its value over the past 7 days. However, ET stock has declined by -3.10% in the 3 months of the year. Over the past six months meanwhile, it has lost -7.50% and gained 13.88% year-on date.
The market cap for ET stock reached $62.22 billion, with 3.43 billion shares outstanding and 3.11 billion shares in the current float. Compared to the average trading volume of 15.81M shares, ET reached a trading volume of 11163544 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 $22.86 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 1.29. 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.
BofA Securities have made an estimate for Energy Transfer LP shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 17, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on October 06, 2023, representing the official price target for Energy Transfer LP stock.
The Price to Book ratio for the last quarter was 1.98, 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 10.15 with Quick ratio for the last quarter at 0.92.
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 2.78. With this latest performance, ET shares gained by 2.55% in over the last four-week period, additionally sinking by -7.50% over the last 6 months – not to mention a drop of -7.45% in the past year of trading.
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 10.91% and a Gross Margin at 12.37%. Energy Transfer LP’s Net Margin is presently recorded at 5.56%.
Return on Equity for this stock inclined to 4.04%, with Return on Assets sitting at 4.04%.
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 8.69%.
Energy Transfer LP [ET]: Institutional Ownership
There are presently around $32.50%, or 36.13% of ET stock, in the hands of institutional investors. The top three institutional holders of ET stocks are: BLACKSTONE INC. with ownership of 144.86 million shares, which is approximately 4.2978%. GOLDMAN SACHS GROUP INC, holding 75.96 million shares of the stock with an approximate value of $$1.23 billion in ET stocks shares; and GOLDMAN SACHS GROUP INC, currently with $$1.16 billion in ET stock with ownership which is approximately 2.1133%.
