Energy Transfer LP (NYSE:ET) has a beta of 2.35. The stock’s Relative Strength Index (RSI) is 67.41, with weekly volatility at 4.56% and ATR at 0.27. The ET stock’s 52-week price range has touched low of $3.75 and a $12.83 high. Its shares traded higher over the last trading session, gaining 6.71% on 02/22/21. The shares fell to a low of $7.00 before closing at $7.47. Intraday shares traded counted 43.92 million, which was -89.22% lower than its 30-day average trading volume of 23.21M. ET’s previous close was $7.00 while the outstanding shares total 2.70B.
Investors have identified the Oil & Gas Midstream company Energy Transfer LP as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $19.52 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Energy Transfer LP (ET) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ET, the company has in raw cash 367.0 million on their books with 21.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 6.32 billion total, with 5.92 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 1.36 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ET sounds very interesting.
Is the stock of ET attractive?
In related news, Director, Perry James Richard bought 120,000 shares of the company’s stock in a transaction that recorded on Mar 27. The purchase was performed at an average price of 4.89, for a total value of 586,934. As the purchase deal closes, the Chief Financial Officer, Long Thomas E now bought 18,000 shares of the company’s stock, valued at 76,590. Also, Director, Brannon Richard D bought 35,000 shares of the company’s stock in a deal that was recorded on Mar 18. The shares were cost at an average price of 3.97 per share, with a total market value of 138,800. Following this completion of disposal, the Director, Brannon Richard D now holds 45,000 shares of the company’s stock, valued at 242,731. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.50%.
11 out of 16 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Energy Transfer LP. 0 analysts has assigned a Sell rating on the ET stock. The 12-month mean consensus price target for the company’s shares has been set at $10.47.