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Energy Transfer LP (ET) Stock Moves -2.39%: What You Should Know
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In the latest close session, Energy Transfer LP (ET - Free Report) was down 2.39% at $20.40. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq gained 0.45%.
The energy-related services provider's shares have seen a decrease of 0.85% over the last month, not keeping up with the Oils-Energy sector's loss of 0.41% and the S&P 500's gain of 1.27%.
The investment community will be closely monitoring the performance of Energy Transfer LP in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.41, reflecting a 46.43% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $34.97 billion, indicating a 75.27% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.73 per share and revenue of $120.64 billion, indicating changes of +42.98% and +41.03%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Energy Transfer LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. The Zacks Consensus EPS estimate has moved 2.03% higher within the past month. Energy Transfer LP is currently a Zacks Rank #3 (Hold).
In the context of valuation, Energy Transfer LP is at present trading with a Forward P/E ratio of 12.05. This indicates a discount in contrast to its industry's Forward P/E of 14.21.
Investors should also note that ET has a PEG ratio of 0.7 right now. 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. ET's industry had an average PEG ratio of 2.02 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 39, finds itself in the top 16% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Energy Transfer LP (ET) Stock Moves -2.39%: What You Should Know
In the latest close session, Energy Transfer LP (ET - Free Report) was down 2.39% at $20.40. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq gained 0.45%.
The energy-related services provider's shares have seen a decrease of 0.85% over the last month, not keeping up with the Oils-Energy sector's loss of 0.41% and the S&P 500's gain of 1.27%.
The investment community will be closely monitoring the performance of Energy Transfer LP in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.41, reflecting a 46.43% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $34.97 billion, indicating a 75.27% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.73 per share and revenue of $120.64 billion, indicating changes of +42.98% and +41.03%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Energy Transfer LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. The Zacks Consensus EPS estimate has moved 2.03% higher within the past month. Energy Transfer LP is currently a Zacks Rank #3 (Hold).
In the context of valuation, Energy Transfer LP is at present trading with a Forward P/E ratio of 12.05. This indicates a discount in contrast to its industry's Forward P/E of 14.21.
Investors should also note that ET has a PEG ratio of 0.7 right now. 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. ET's industry had an average PEG ratio of 2.02 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 39, finds itself in the top 16% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.