BofA Securities has recently resumed Energy Transfer LP Unit (ET) stock to Buy rating, as announced on October 17, 2024, according to Finviz. Earlier, on October 6, 2023, Goldman had resumed the stock to Neutral, setting a price target of $14. Pickering Energy Partners also initiated Outperform rating. Additionally, Citigroup initiated Buy rating on December 9, 2022, with a target price of $16. Morgan Stanley analysts, in their report published on January 7, 2022, also resumed Overweight rating and set a price target of $12 for Energy Transfer LP Unit’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Energy Transfer LP Unit (ET) Stock Trading Recap
On Tuesday, Energy Transfer LP Unit (ET) stock saw a modest uptick, ending the day at $19.93 which represents a slight increase of $0.46 or 2.36% from the prior close of $19.47. The stock opened at $19.6 and touched a low of $19.53 during the day, reaching a high of $20.01. The volume of shares traded was 12.68 million falling short of the average volume of 15.43 million.
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ET Stock Performance and Moving Averages
In recent trading, Energy Transfer LP Unit (ET) stock price has shown some volatility, fluctuating 1.58% over the last five trades and 3.91% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 21.60%, and it has gained 20.64% in the previous three months. Currently, ET is trading at 3.52%, 7.08%, and 19.85% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, ET, a Energy sector stock, is trading -0.45% below its 52-week high but remains 46.54% above its 52-week low. The Average True Range (ATR) (14 days) of 0.42 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Energy Transfer LP Unit’s Profitability and Valuation Ratios
Energy Transfer LP Unit’s profitability metrics reveal financial health. The company currently boasts an operating margin of 10.80% and a profit margin of 5.49%, with a gross margin of 21.60%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Energy Transfer LP Unit’s market capitalization stands at $68.24 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 14.67, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 13.45. Additionally, the Price-to-Sales Ratio is 0.82, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.18, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 14.28% of Energy Transfer LP Unit (ET)’s shares, while financial institutions hold 29.09%.