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Energy Transfer LP (ET) Stock Sinks As Market Gains: What You Should Know

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Energy Transfer LP (ET - Free Report) closed at $13.04 in the latest trading session, marking a -0.5% move from the prior day. This change lagged the S&P 500's 0.8% gain on the day. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, added 1.12%.

Prior to today's trading, shares of the energy-related services provider had lost 6.91% over the past month. This has lagged the Oils-Energy sector's gain of 0.62% and the S&P 500's loss of 1.07% in that time.

Investors will be hoping for strength from ET as it approaches its next earnings release. On that day, ET is projected to report earnings of $0.37 per share, which would represent year-over-year growth of 15.63%. Our most recent consensus estimate is calling for quarterly revenue of $14.28 billion, down 1.59% from the year-ago period.

ET's full-year Zacks Consensus Estimates are calling for earnings of $1.35 per share and revenue of $55.67 billion. These results would represent year-over-year changes of +17.39% and +2.93%, respectively.

Any recent changes to analyst estimates for ET should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.19% lower. ET is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note ET's current valuation metrics, including its Forward P/E ratio of 9.42. This represents a discount compared to its industry's average Forward P/E of 11.52.

Investors should also note that ET has a PEG ratio of 0.57 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. The Oil and Gas - Production Pipeline - MLB industry currently had an average PEG ratio of 2.88 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 20, putting it in the top 8% 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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