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Energy Transfer LP (ET) Stock Slides as Market Rises: Facts to Know Before You Trade
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Energy Transfer LP (ET - Free Report) ended the recent trading session at $18.85, demonstrating a -1.02% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.75%. Elsewhere, the Dow gained 1.86%, while the tech-heavy Nasdaq added 2.54%.
Heading into today, shares of the energy-related services provider had lost 5.27% over the past month, lagging the Oils-Energy sector's loss of 0.13% and the S&P 500's loss of 1.63%.
The upcoming earnings release of Energy Transfer LP will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.38, reflecting a 18.75% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $30.75 billion, up 59.78% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.43 per share and revenue of $121.19 billion, which would represent changes of +18.18% and +41.69%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Energy Transfer LP. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.23% downward. Energy Transfer LP is currently a Zacks Rank #3 (Hold).
Looking at valuation, Energy Transfer LP is presently trading at a Forward P/E ratio of 13.36. For comparison, its industry has an average Forward P/E of 13.6, which means Energy Transfer LP is trading at a discount to the group.
We can additionally observe that ET currently boasts a PEG ratio of 1.1. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Production Pipeline - MLB industry held an average PEG ratio of 1.35.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 172, positioning it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 Slides as Market Rises: Facts to Know Before You Trade
Energy Transfer LP (ET - Free Report) ended the recent trading session at $18.85, demonstrating a -1.02% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.75%. Elsewhere, the Dow gained 1.86%, while the tech-heavy Nasdaq added 2.54%.
Heading into today, shares of the energy-related services provider had lost 5.27% over the past month, lagging the Oils-Energy sector's loss of 0.13% and the S&P 500's loss of 1.63%.
The upcoming earnings release of Energy Transfer LP will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.38, reflecting a 18.75% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $30.75 billion, up 59.78% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.43 per share and revenue of $121.19 billion, which would represent changes of +18.18% and +41.69%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Energy Transfer LP. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.23% downward. Energy Transfer LP is currently a Zacks Rank #3 (Hold).
Looking at valuation, Energy Transfer LP is presently trading at a Forward P/E ratio of 13.36. For comparison, its industry has an average Forward P/E of 13.6, which means Energy Transfer LP is trading at a discount to the group.
We can additionally observe that ET currently boasts a PEG ratio of 1.1. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Production Pipeline - MLB industry held an average PEG ratio of 1.35.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 172, positioning it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.