A new trading day began on Friday, with Energy Transfer LP (NYSE: ET) stock price up 1.94% from the previous day of trading, before settling in for the closing price of $15.99. ET’s price has ranged from $12.56 to $16.50 over the past 52 weeks.
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Annual sales at Energy sector company grew by 13.18% over the past five years. Meanwhile, its annual earnings per share averaged 25.15%. With a float of $2.93 billion, this company’s outstanding shares have now reached $3.37 billion.
Let’s look at the performance matrix of the company that is accounted for 13786 employees. In terms of profitability, gross margin is 16.21%, operating margin of 10.86%, and the pretax margin is 8.06%.
Energy Transfer LP (ET) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Midstream Industry. The insider ownership of Energy Transfer LP is 14.38%, while institutional ownership is 29.53%. The most recent insider transaction that took place on Aug 12 ’24, was worth 313,600. In this transaction Co-CEO of this company bought 20,000 shares at a rate of $15.68, taking the stock ownership to the 4,308,859 shares. Before that another transaction happened on Aug 12 ’24, when Company’s Director bought 3,000,000 for $15.68, making the entire transaction worth $47,040,000. This insider now owns 123,385,650 shares in total.
Energy Transfer LP (ET) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.15 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.37 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 25.15% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.10% 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
Here are Energy Transfer LP’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.67. Likewise, its price to free cash flow for the trailing twelve months is 8.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.18, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.55 in one year’s time.
Technical Analysis of Energy Transfer LP (ET)
Energy Transfer LP (NYSE: ET) saw its 5-day average volume 19.28 million, a positive change from its year-to-date volume of 13.59 million. As of the previous 9 days, the stock’s Stochastic%D was 84.05%. Additionally, its Average True Range was 0.38.
During the past 100 days, Energy Transfer LP’s (ET) raw stochastic average was set at 87.49%, which indicates a significant decrease from 95.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.15% in the past 14 days, which was higher than the 19.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.98, while its 200-day Moving Average is $14.98. Nevertheless, the first resistance level for the watch stands at $16.42 in the near term. At $16.54, the stock is likely to face the second major resistance level. The third major resistance level sits at $16.78. If the price goes on to break the first support level at $16.06, it is likely to go to the next support level at $15.82. Assuming the price breaks the second support level, the third support level stands at $15.70.
Energy Transfer LP (NYSE: ET) Key Stats
With a market capitalization of 55.78 billion, the company has a total of 3,370,023K Shares Outstanding. Currently, annual sales are 78,586 M while annual income is 3,469 M. The company’s previous quarter sales were 20,729 M while its latest quarter income was 1,215 M.
