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Energy Transfer LP (ET) Increases Despite Market Slip: Here's What You Need to Know
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In the latest trading session, Energy Transfer LP (ET - Free Report) closed at $18.75, marking a +2.46% move from the previous day. This change outpaced the S&P 500's 0.08% loss on the day. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.08%.
Coming into today, shares of the energy-related services provider had gained 1.05% in the past month. In that same time, the Oils-Energy sector gained 5.48%, while the S&P 500 lost 2.16%.
Market participants will be closely following the financial results of Energy Transfer LP in its upcoming release. In that report, analysts expect Energy Transfer LP to post earnings of $0.39 per share. This would mark year-over-year growth of 8.33%. Meanwhile, the latest consensus estimate predicts the revenue to be $28.57 billion, indicating a 35.91% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.52 per share and a revenue of $114.02 billion, representing changes of +25.62% and +33.3%, respectively, from the prior year.
Any recent changes to analyst estimates for Energy Transfer LP should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.96% lower. Energy Transfer LP presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Energy Transfer LP has a Forward P/E ratio of 12.01 right now. This represents a discount compared to its industry average Forward P/E of 13.01.
It's also important to note that ET currently trades at a PEG ratio of 0.96. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Production Pipeline - MLB was holding an average PEG ratio of 1.79 at yesterday's closing price.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 196, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Energy Transfer LP (ET) Increases Despite Market Slip: Here's What You Need to Know
In the latest trading session, Energy Transfer LP (ET - Free Report) closed at $18.75, marking a +2.46% move from the previous day. This change outpaced the S&P 500's 0.08% loss on the day. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.08%.
Coming into today, shares of the energy-related services provider had gained 1.05% in the past month. In that same time, the Oils-Energy sector gained 5.48%, while the S&P 500 lost 2.16%.
Market participants will be closely following the financial results of Energy Transfer LP in its upcoming release. In that report, analysts expect Energy Transfer LP to post earnings of $0.39 per share. This would mark year-over-year growth of 8.33%. Meanwhile, the latest consensus estimate predicts the revenue to be $28.57 billion, indicating a 35.91% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.52 per share and a revenue of $114.02 billion, representing changes of +25.62% and +33.3%, respectively, from the prior year.
Any recent changes to analyst estimates for Energy Transfer LP should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.96% lower. Energy Transfer LP presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Energy Transfer LP has a Forward P/E ratio of 12.01 right now. This represents a discount compared to its industry average Forward P/E of 13.01.
It's also important to note that ET currently trades at a PEG ratio of 0.96. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Production Pipeline - MLB was holding an average PEG ratio of 1.79 at yesterday's closing price.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 196, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.