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Energy Transfer LP (ET) Gains As Market Dips: What You Should Know
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Energy Transfer LP (ET - Free Report) closed the most recent trading day at $12.97, moving +0.23% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.54%. Meanwhile, the Dow lost 1.49%, and the Nasdaq, a tech-heavy index, lost 2.17%.
Heading into today, shares of the energy-related services provider had lost 9.51% over the past month, outpacing the Oils-Energy sector's loss of 10.97% and lagging the S&P 500's loss of 6.77% 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. On that day, ET is projected to report earnings of $0.46 per share, which would represent year-over-year growth of 12.2%. Our most recent consensus estimate is calling for quarterly revenue of $14.04 billion, up 22.6% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.51 per share and revenue of $56.74 billion, which would represent changes of +24.79% and +38.03%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for ET. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 12.01% lower. ET is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that ET has a Forward P/E ratio of 8.56 right now. For comparison, its industry has an average Forward P/E of 13.76, which means ET is trading at a discount to the group.
It is also worth noting that ET currently has a PEG ratio of 0.26. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Production Pipeline - MLB industry currently had an average PEG ratio of 1.77 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 95, putting it in the top 37% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Energy Transfer LP (ET) Gains As Market Dips: What You Should Know
Energy Transfer LP (ET - Free Report) closed the most recent trading day at $12.97, moving +0.23% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.54%. Meanwhile, the Dow lost 1.49%, and the Nasdaq, a tech-heavy index, lost 2.17%.
Heading into today, shares of the energy-related services provider had lost 9.51% over the past month, outpacing the Oils-Energy sector's loss of 10.97% and lagging the S&P 500's loss of 6.77% 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. On that day, ET is projected to report earnings of $0.46 per share, which would represent year-over-year growth of 12.2%. Our most recent consensus estimate is calling for quarterly revenue of $14.04 billion, up 22.6% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.51 per share and revenue of $56.74 billion, which would represent changes of +24.79% and +38.03%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for ET. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 12.01% lower. ET is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that ET has a Forward P/E ratio of 8.56 right now. For comparison, its industry has an average Forward P/E of 13.76, which means ET is trading at a discount to the group.
It is also worth noting that ET currently has a PEG ratio of 0.26. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Production Pipeline - MLB industry currently had an average PEG ratio of 1.77 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 95, putting it in the top 37% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.