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Friday, September 29, 2023

The Question Is Whether To Buy Or Not To Buy Energy Transfer LP (NYSE: ET)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Energy Transfer LP (ET) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 0.36%, to $13.81. The Energy Transfer LP has recorded 142,387 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Energy Transfer to Acquire Crestwood in a $7.1 Billion All-Equity Transaction.

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Stocks Info

Energy Transfer LP is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $13.76 and fluctuated between $13.82 as its day high and $13.64 as its day low. The current market capitalization of Energy Transfer LP is $43.06B. A total of 10.08 million shares were traded on the day, compared to an average of 11.12M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ET has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 10,000 and the disposition of 0 shares. Over the last 12 months, there were 43 BUYs and 6 SELLs from insiders. Insiders purchased 15,341,624 shares during that period but sold 467,626.

In the most recent transaction, MCCREA MARSHALL S III bought 50,000 shares of ET for 13.79 per share on Sep 05. After the transaction, the Co-CEO now owns 6,769,267 company shares. In a previous transaction on Sep 01, MCCREA MARSHALL S III bought 50,000 shares at 13.64 per share. ET shares that Co-CEO owns now total 6,719,267.

Among the insiders who bought shares, Whitehurst Bradford D. acquired of 10,000 shares on Aug 22 at a per-share price of $13.00. This resulted in the EVP holding 1,313,055 shares of ET after the transaction. In another insider transaction, WARREN KELCY L bought 1,150,000 shares at $13.00 per share on Aug 21. Company shares held by the Executive Chairman now total 64,578,477.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Energy Transfer LP pays an annual dividend of $1.24, resulting in a dividend yield of 9.01%, and it has a price to earnings (P/E) ratio of 11.43. ET’s most recent ex-dividend date was 8/11/2023 when it declared a $0.31 quarterly dividend that was paid in cash on 8/21/2023. Previously, the company paid the dividend on 5/22/2023 with an ex-dividend date of 5/5/2023. The ET stock dividend was $0.3080 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ET in the last 3 months, the mean price target is $17.27 with high estimates of $22.00 and low estimates of $15.00. In terms of 52-week highs and lows, ET has a high of $13.85 and a low of $10.02.

As of this writing, ET has an earnings estimate of $0.32 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.42 per share and a lower estimate of $0.25. The company reported an EPS of $0.32 in the last quarter, which was -13.50% lower than expectations of $0.37.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ET’s latest balance sheet shows that the firm has $336.00M in Cash & Short Term Investments as of fiscal 2021. There were $49.84B in debt and $10.84B in liabilities at the time. Its Book Value Per Share was $8.80, while its Total Shareholder’s Equity was $40.13B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ET is Buy with a score of 4.91.

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