Last Updated: 07 Nov 2024
Executive Summary
Energy Transfer LP (ET) is a leading energy services provider with a market capitalization of $57.8 billion. The company has a strong track record of financial performance, with a trailing PE ratio of 13.85 and a forward PE ratio of 9.19. ET's latest stock price is $17.42, which is within the 52-week range of $12.23 to $17.50. The company has a solid dividend yield of 0.0781% and a quarterly earnings growth rate of 0.391%.
Company Overview
Energy Transfer LP is headquartered in Dallas, Texas, and offers a range of energy-related services, including natural gas transmission, storage, and distribution. The company has a network of over 100,000 miles of pipelines and operates in 41 states. ET also owns and operates a fleet of liquefied natural gas (LNG) vessels and terminals.
Fundamental Analysis
ET's financial performance has been strong in recent years. The company's revenue has grown by 13.2% over the past year, and its diluted EPS has grown by 22.1%. ET has a strong balance sheet, with a debt-to-equity ratio of 0.537. The company's operating margin is 11.3%, and its return on equity is 14.4%.
Technical Analysis
ET's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is 62.5, which indicates that the stock is overbought. However, the moving average convergence divergence (MACD) is bullish, which suggests that the stock may continue to trend higher.
Short Term Outlook
In the short term, ET's stock price is likely to continue to trend higher. The company's strong financial performance and positive technical indicators suggest that the stock is a good buy. However, investors should be aware that the stock is overbought and could experience a pullback in the near term.
Long Term Outlook
In the long term, ET's stock price is likely to perform well. The company's strong competitive position, growing demand for natural gas, and commitment to shareholder returns make it a good investment for long-term investors.
Analyst Recommendations
Analysts are bullish on ET's stock. The consensus analyst rating is "Buy," with a target price of $19.59. Seven analysts have a "Strong Buy" rating on the stock, nine have a "Buy" rating, and one has a "Hold" rating. No analysts have a "Sell" or "Strong Sell" rating on the stock.
