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Energy Transfer LP (ET) Rises As Market Takes a Dip: Key Facts
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Energy Transfer LP (ET - Free Report) ended the recent trading session at $15.10, demonstrating a +0.6% swing from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 0.54%.
The energy-related services provider's stock has climbed by 7.52% in the past month, exceeding the Oils-Energy sector's gain of 3.8% and the S&P 500's gain of 3.18%.
Market participants will be closely following the financial results of Energy Transfer LP in its upcoming release. The company's earnings per share (EPS) are projected to be $0.30, reflecting a 6.25% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $23.44 billion, showing a 23.4% escalation compared to the year-ago quarter.
ET's full-year Zacks Consensus Estimates are calling for earnings of $1.44 per share and revenue of $94.24 billion. These results would represent year-over-year changes of +32.11% and +19.91%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Energy Transfer LP. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 18.03% higher. Energy Transfer LP is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note Energy Transfer LP's current valuation metrics, including its Forward P/E ratio of 10.42. Its industry sports an average Forward P/E of 12.32, so one might conclude that Energy Transfer LP is trading at a discount comparatively.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 164, placing it within the bottom 35% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Energy Transfer LP (ET) Rises As Market Takes a Dip: Key Facts
Energy Transfer LP (ET - Free Report) ended the recent trading session at $15.10, demonstrating a +0.6% swing from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 0.54%.
The energy-related services provider's stock has climbed by 7.52% in the past month, exceeding the Oils-Energy sector's gain of 3.8% and the S&P 500's gain of 3.18%.
Market participants will be closely following the financial results of Energy Transfer LP in its upcoming release. The company's earnings per share (EPS) are projected to be $0.30, reflecting a 6.25% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $23.44 billion, showing a 23.4% escalation compared to the year-ago quarter.
ET's full-year Zacks Consensus Estimates are calling for earnings of $1.44 per share and revenue of $94.24 billion. These results would represent year-over-year changes of +32.11% and +19.91%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Energy Transfer LP. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 18.03% higher. Energy Transfer LP is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note Energy Transfer LP's current valuation metrics, including its Forward P/E ratio of 10.42. Its industry sports an average Forward P/E of 12.32, so one might conclude that Energy Transfer LP is trading at a discount comparatively.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 164, placing it within the bottom 35% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.