On Friday, Energy Transfer LP (NYSE: ET) opened lower -1.66% from the last session, before settling in for the closing price of $15.68. Price fluctuations for ET have ranged from $12.18 to $16.04 over the past 52 weeks.
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During the last 5-year period, the sales growth of Energy Sector giant was 13.18%. Company’s average yearly earnings per share was noted 37.60% at the time writing. With a float of $2.87 billion, this company’s outstanding shares have now reached $3.37 billion.
Let’s determine the extent of company efficiency that accounts for 13786 employees.
Energy Transfer LP (ET) Insider Activity
A key investor’s attitude towards the stock of the Oil & Gas Midstream industry is another important factor to consider. The insider ownership of Energy Transfer LP is 14.70%, while institutional ownership is 29.59%. The most recent insider transaction that took place on Dec 12 ’23, was worth 659,500. In this transaction Co-CEO of this company bought 50,000 shares at a rate of $13.19, taking the stock ownership to the 7,272,754 shares. Before that another transaction happened on Nov 13 ’23, when Company’s EVP & Pres. LNG bought 8,000 for $13.17, making the entire transaction worth $105,360. This insider now owns 1,715,720 shares in total.
Energy Transfer LP (ET) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 37.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.20% during the next five years compared to -0.88% drop over the previous five years of trading.
Energy Transfer LP (NYSE: ET) Trading Performance Indicators
Check out the current performance indicators for Energy Transfer LP (ET). In the past quarter, the stock posted a quick ratio of 0.86. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.66. Likewise, its price to free cash flow for the trailing twelve months is 8.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.09, a number that is poised to hit 0.36 in the next quarter and is forecasted to reach 1.67 in one year’s time.
Technical Analysis of Energy Transfer LP (ET)
Looking closely at Energy Transfer LP (NYSE: ET), its last 5-days average volume was 11.06 million, which is a drop from its year-to-date volume of 12.31 million. As of the previous 9 days, the stock’s Stochastic %D was 25.82%. Additionally, its Average True Range was 0.22.
During the past 100 days, Energy Transfer LP’s (ET) raw stochastic average was set at 78.80%, which indicates a significant increase from 8.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.90% in the past 14 days, which was lower than the 14.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.03, while its 200-day Moving Average is $13.88. However, in the short run, Energy Transfer LP’s stock first resistance to watch stands at $15.74. Second resistance stands at $16.05. The third major resistance level sits at $16.24. If the price goes on to break the first support level at $15.24, it is likely to go to the next support level at $15.05. Should the price break the second support level, the third support level stands at $14.74.
Energy Transfer LP (NYSE: ET) Key Stats
There are currently 3,369,377K shares outstanding in the company with a market cap of 51.93 billion. Presently, the company’s annual sales total 78,586 M according to its annual income of 3,469 M. Last quarter, the company’s sales amounted to 20,532 M and its income totaled 1,090 M.
