A new trading day began on Monday, with Energy Transfer LP (NYSE: ET) stock price down -0.35% from the previous day of trading, before settling in for the closing price of $17.30. ET’s price has ranged from $13.01 to $17.71 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Energy Sector giant saw their annual sales surged by 13.18% over the last five years. Meanwhile, its annual earnings per share averaged 22.62%. With a float of $2.94 billion, this company’s outstanding shares have now reached $3.37 billion.
The firm has a total of 13786 workers. Let’s measure their productivity. In terms of profitability, gross margin is 16.77%, operating margin of 10.8%, and the pretax margin is 8.53%.
Energy Transfer LP (ET) Insider Activity
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 14.28%, while institutional ownership is 29.05%. The most recent insider transaction that took place on Aug 23 ’24, was worth 313,600. In this transaction EVP – Operations of this company bought 20,000 shares at a rate of $15.68, taking the stock ownership to the 591,211 shares. Before that another transaction happened on Aug 12 ’24, when Company’s Co-CEO bought 20,000 for $15.68, making the entire transaction worth $313,600. This insider now owns 4,308,859 shares in total.
Energy Transfer LP (ET) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 22.62% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 24.63% 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 0.88. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.70. Likewise, its price to free cash flow for the trailing twelve months is 8.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.36, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.49 in one year’s time.
Technical Analysis of Energy Transfer LP (ET)
Analysing the last 5-days average volume posted by the [Energy Transfer LP, ET], we can find that recorded value of 26.18 million was better than the volume posted last year of 13.3 million. As of the previous 9 days, the stock’s Stochastic %D was 71.48%. Additionally, its Average True Range was 0.26.
During the past 100 days, Energy Transfer LP’s (ET) raw stochastic average was set at 83.27%, which indicates a significant increase from 67.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.78% in the past 14 days, which was lower than the 18.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.33, while its 200-day Moving Average is $15.76. Now, the first resistance to watch is $17.38. This is followed by the second major resistance level at $17.51. The third major resistance level sits at $17.64. If the price goes on to break the first support level at $17.12, it is likely to go to the next support level at $16.99. Should the price break the second support level, the third support level stands at $16.86.
Energy Transfer LP (NYSE: ET) Key Stats
With a market capitalization of 58.66 billion, the company has a total of 3,422,234K 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.
