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Energy Transfer LP (ET) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Energy Transfer LP (ET - Free Report) closed at $14.62, marking a -1.68% move from the previous day. This change lagged the S&P 500's daily gain of 0.22%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 0.16%.
Heading into today, shares of the energy-related services provider had gained 14.91% over the past month, outpacing the Oils-Energy sector's gain of 2.53% and the S&P 500's gain of 0.49% in that time.
Investors will be hoping for strength from ET as it approaches its next earnings release, which is expected to be February 20, 2019. In that report, analysts expect ET to post earnings of $0.47 per share. This would mark year-over-year growth of 14.63%. Meanwhile, our latest consensus estimate is calling for revenue of $14.82 billion, up 29.39% from the prior-year quarter.
Any recent changes to analyst estimates for ET should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.3% lower. ET is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, ET is currently trading at a Forward P/E ratio of 10.83. For comparison, its industry has an average Forward P/E of 12.13, which means ET is trading at a discount to the group.
Meanwhile, ET's PEG ratio is currently 0.44. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production Pipeline - MLB industry currently had an average PEG ratio of 2.24 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 173, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ET in the coming trading sessions, be sure to utilize Zacks.com.
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Energy Transfer LP (ET) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Energy Transfer LP (ET - Free Report) closed at $14.62, marking a -1.68% move from the previous day. This change lagged the S&P 500's daily gain of 0.22%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 0.16%.
Heading into today, shares of the energy-related services provider had gained 14.91% over the past month, outpacing the Oils-Energy sector's gain of 2.53% and the S&P 500's gain of 0.49% in that time.
Investors will be hoping for strength from ET as it approaches its next earnings release, which is expected to be February 20, 2019. In that report, analysts expect ET to post earnings of $0.47 per share. This would mark year-over-year growth of 14.63%. Meanwhile, our latest consensus estimate is calling for revenue of $14.82 billion, up 29.39% from the prior-year quarter.
Any recent changes to analyst estimates for ET should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.3% lower. ET is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, ET is currently trading at a Forward P/E ratio of 10.83. For comparison, its industry has an average Forward P/E of 12.13, which means ET is trading at a discount to the group.
Meanwhile, ET's PEG ratio is currently 0.44. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production Pipeline - MLB industry currently had an average PEG ratio of 2.24 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 173, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ET in the coming trading sessions, be sure to utilize Zacks.com.