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Despite closing 0.09 points higher on 08 November, Energy Transfer LP (NYSE:ET) remains a key investment for many, but the stock is also a popular trading vehicle. Here’s how to trade it using charts and trading levels Friday. The shares accumulated 0.56 percent at $16.06 with a heavy trade volume of 14.668 million shares. After opening the session at $16.21, the shares went as high as $17.04 and as low as $15.89, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $42.5 billion and now has 2.65 billion shares outstanding. Energy Transfer LP (ET) stock has lost -5.92 percent of market value in 21 trading days.
ET stock has a trailing 3-year beta of 1.87, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $-0.49 a share in the trailing twelve months. The stock’s value has fallen -6.95 percent year to date (YTD) against a decline of -9.72 percent in 12 month’s time. The company’s shares still trade -16.96 percent away from its 1-year high of $19.34 and 25.47 percent up from 52-week low of $12.80. The average consensus rating on the company is 1.9, on a scale where 5 equates to a unanimous sell rating. In short, the mean badyst recommendations are calling this stock a buy.
Energy Transfer LP (ET) will probably climb 37.92 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $28-month high price target. This represents a whopping 74.35 percent increase from where shares are trading today. The 12-month median price target badigned by the badysts stands at $22, which represents a return potential of 36.99 percent when compared to the closing price of the stock of $16.06 on Thursday, November 08. The lowest price target for the stock is $19 — slightly more than 18.31 percent from ET’s current share price.
History has shown that shares in Energy Transfer LP have gone down on 2 different earnings reaction days and are predicted to add 0.01 percent when the company reports upcoming earnings. Analysts are forecasting revenue to climb 50.9 percent to $14.3B in the fiscal third quarter, while earnings are seen soaring by nearly 150 percent to $0.55 per share. It earned $0.31 per share, worse than the $0.46, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $14.1B, better than the $12.7B badysts expected. Earnings are estimated to increase by -149.4 percent this year, 11.11 percent next year and continue to increase by 16.84 percent annually for the next 5 years.
Let’s take a look at some insider activity at Energy Transfer LP (NYSE:ET) and see the pattern. The earliest insider trade took place on 09/11/2018. Brannon Richard D gathered a total of 100 thousand shares of company at average share price of $17.68. The total for the purchase was set at $1.77 million. After this transaction, the Director account balance stood at 172.62 thousand shares. The stock lost -9.67 percent since that insider purchase. On 09/06/2018, Brannon Richard D, Director, purchased 25 thousand shares at a price per share of $17.53. This added 438.25 thousand shares to the insider’s fortune and the stock saw a -8.9 percent retreat in value since the news became public. This transaction left 72.62 thousand shares in the Director account.
On 12/09/2015, Director, 10% Owner Warren Kelcy L performed a purchase transaction worth $41.3 million. This purchase at $16.62 each has added 2.49 million shares into the insider’s portfolio position. Meanwhile, shares have recorded -3.91 percent decrease since the transaction was reported. The insider now is left with 188 million shares remaining in the account. Turner K Rick, who performs the Director job, bought 5 thousand shares for $64.5 thousand. The acquisition occurred on 12/07/2015 was priced at $12.9 per share. The share price soared 23.8 percent since the reporting date. Turner K Rick now left with a stake of 354.99 thousand ET stock worth $5.7 million after the insider buying.
The stock is currently hovering around the first support level of $15.62. Below this, the next support is placed in the zone of $15.18. Till the time, the ET stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 46.21 on daily chart, which may remain a cause for concern. If the price breaks below $15.18 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $16.77 mark may result into a pull-back move towards $17.48 level.
Shares of Energy Transfer LP (ET) are trading at a P/E ratio of 17.57 times earnings reported for the past 12 months. The industry ET operates in has an average P/E of 45.32. Its P/E ratio went as low as 12.36X and as high as 140.64 over the 5-year span.Further, it is sporting a 0.88 on the Price-to-Sales ratio. Compare this with the industry average P/S of 3.15. 22.9 percent is the gross profit margin for Energy Transfer LP and operating margin sits at 6.7 percent. Along with this, the net profit margin is 2.4 percent.
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