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NYSE:ET

Energy Transfer Stock Forecast, Price & News

$6.41
+0.24 (+3.89 %)
(As of 12/2/2020 12:57 PM ET)
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Compare
Today's Range
$6.10
Now: $6.41
$6.45
50-Day Range
$5.11
MA: $5.81
$6.71
52-Week Range
$3.75
Now: $6.41
$13.86
Volume413,846 shs
Average Volume27.46 million shs
Market Capitalization$17.29 billion
P/E RatioN/A
Dividend Yield9.87%
Beta2.65
Energy Transfer LP provides energy-related services. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and 12,500 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. The company also owns and operates natural gas gathering and natural gas liquid (NGL) pipelines, processing plants, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Kansas, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and a natural gas gathering system in Ohio, as well as transports and supplies water to natural gas producers in Pennsylvania. In addition, it owns approximately 4,515 miles of NGL pipelines; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 50 million barrels (MMBbls); and other NGL storage assets and terminals with an aggregate storage capacity of approximately 13 MMBbls. Further, the company sells gasoline, middle distillates, and motor fuel at retail, as well as crude oil, NGLs, and refined products; operates convenience stores; and distributes motor fuels and other petroleum products. Additionally, it provides natural gas compression services; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 2002 and is headquartered in Dallas, Texas.

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.37 out of 5 stars


Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryN/A
CUSIPN/A
Phone214-981-0700
Employees12,812

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$54.21 billion
Cash Flow$2.65 per share
Book Value$11.60 per share

Profitability

Net Income$3.59 billion

Miscellaneous

Outstanding Shares2,697,717,000
Market Cap$17.29 billion
Next Earnings Date2/17/2021 (Estimated)
OptionableOptionable
$6.41
+0.24 (+3.89 %)
(As of 12/2/2020 12:57 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Energy Transfer (NYSE:ET) Frequently Asked Questions

How has Energy Transfer's stock price been impacted by Coronavirus (COVID-19)?

Energy Transfer's stock was trading at $7.05 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ET stock has decreased by 8.9% and is now trading at $6.42.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Energy Transfer?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Transfer in the last year. There are currently 7 hold ratings, 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Energy Transfer
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Energy Transfer?

Wall Street analysts have given Energy Transfer a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Energy Transfer wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Energy Transfer's next earnings date?

Energy Transfer is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Energy Transfer
.

How were Energy Transfer's earnings last quarter?

Energy Transfer LP (NYSE:ET) announced its earnings results on Wednesday, November, 4th. The pipeline company reported ($0.29) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.23 by $0.52. The pipeline company had revenue of $9.96 billion for the quarter, compared to analyst estimates of $10.08 billion. Energy Transfer had a negative net margin of 0.64% and a positive return on equity of 8.23%. The company's quarterly revenue was down 26.2% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS.
View Energy Transfer's earnings history
.

How often does Energy Transfer pay dividends? What is the dividend yield for Energy Transfer?

Energy Transfer declared a quarterly dividend on Monday, October 26th. Shareholders of record on Friday, November 6th will be given a dividend of $0.153 per share on Thursday, November 19th. This represents a $0.61 dividend on an annualized basis and a yield of 9.53%. The ex-dividend date is Thursday, November 5th.
View Energy Transfer's dividend history
.

When did Energy Transfer's stock split? How did Energy Transfer's stock split work?

Energy Transfer shares split before market open on Friday, June 13th 2014. The 2-1 split was announced on Tuesday, May 6th 2014. The newly created shares were issued to shareholders after the closing bell on Thursday, June 12th 2014. An investor that had 100 shares of Energy Transfer stock prior to the split would have 200 shares after the split.

What price target have analysts set for ET?

15 Wall Street analysts have issued 1-year price objectives for Energy Transfer's stock. Their forecasts range from $6.00 to $16.00. On average, they anticipate Energy Transfer's share price to reach $9.88 in the next twelve months. This suggests a possible upside of 53.8% from the stock's current price.
View analysts' price targets for Energy Transfer
.

Are investors shorting Energy Transfer?

Energy Transfer saw a decline in short interest in the month of October. As of October 30th, there was short interest totaling 58,310,000 shares, a decline of 14.1% from the October 15th total of 67,850,000 shares. Based on an average daily volume of 20,210,000 shares, the short-interest ratio is currently 2.9 days. Currently, 2.9% of the shares of the company are sold short.
View Energy Transfer's Short Interest
.

Who are some of Energy Transfer's key competitors?

What other stocks do shareholders of Energy Transfer own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Energy Transfer investors own include Enterprise Products Partners (EPD), AT&T (T), Targa Resources (TRGP), Energy Transfer Equity (ETE), Kinder Morgan (KMI), Exxon Mobil (XOM), AbbVie (ABBV), Pfizer (PFE), Ford Motor (F) and Verizon Communications (VZ).

Who are Energy Transfer's key executives?

Energy Transfer's management team includes the following people:
  • Mr. Kelcy L. Warren, Chairman & CEO of LE GP, LLC (Age 64, Pay $6.16k)
  • Mr. Marshall S. McCrea III, Pres, Chief Commercial Officer & Director of LE GP, LLC (Age 61, Pay $2.87M)
  • Mr. Thomas E. Long, Group CFO & Director of LE GP, LLC (Age 63, Pay $1.49M)
  • Mr. Matthew S. Ramsey, COO & Director of LE GP, LLC (Age 65, Pay $1.59M)
  • Mr. Thomas P. Mason, Exec. VP, Gen. Counsel & Pres – LNG of LE GP, LLC (Age 63, Pay $1.45M)
  • Mr. A. Troy Sturrock, Sr. VP, Controller & Principal Accounting Officer of LE GP, LLC (Age 49)
  • Mr. Brent Ratliff, VP, Investor Relations
  • Mr. Bradford D. Whitehurst, Exec. VP & Head of Tax of LE GP, LLC (Age 45)
  • Mr. Kevin J. Smith, Exec. VP
  • Mr. John W. McReynolds, Special Advisor & Director of LE GP, LLC (Age 69)

What is Energy Transfer's stock symbol?

Energy Transfer trades on the New York Stock Exchange (NYSE) under the ticker symbol "ET."

Who are Energy Transfer's major shareholders?

Energy Transfer's stock is owned by many different institutional and retail investors. Top institutional investors include Blackstone Group Inc (5.37%), Alps Advisors Inc. (2.06%), Tortoise Capital Advisors L.L.C. (1.67%), Natixis (1.01%), Morgan Stanley (1.00%) and Chickasaw Capital Management LLC (0.95%). Company insiders that own Energy Transfer stock include James Richard Perry, Kelcy L Warren, Marshall S Mccrea III, Matthew S Ramsey, Michael K Grimm, Ray C Davis, Richard D Brannon, Thomas E Long and Thomas P Mason.
View institutional ownership trends for Energy Transfer
.

Which institutional investors are selling Energy Transfer stock?

ET stock was sold by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Blackstone Group Inc, Morgan Stanley, Energy Income Partners LLC, Eagle Global Advisors LLC, Kayne Anderson Capital Advisors LP, Apollo Management Holdings L.P., and CIBC Private Wealth Group LLC.
View insider buying and selling activity for Energy Transfer
.

Which institutional investors are buying Energy Transfer stock?

ET stock was acquired by a variety of institutional investors in the last quarter, including Natixis, Abrams Capital Management L.P., Alps Advisors Inc., Allianz Asset Management GmbH, Schonfeld Strategic Advisors LLC, First Trust Advisors LP, Pitcairn Co., and NorthCoast Asset Management LLC. Company insiders that have bought Energy Transfer stock in the last two years include James Richard Perry, Kelcy L Warren, Marshall S Mccrea III, Matthew S Ramsey, Michael K Grimm, Ray C Davis, Richard D Brannon, and Thomas E Long.
View insider buying and selling activity for Energy Transfer
.

How do I buy shares of Energy Transfer?

Shares of ET can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Energy Transfer's stock price today?

One share of ET stock can currently be purchased for approximately $6.42.

How big of a company is Energy Transfer?

Energy Transfer has a market capitalization of $17.32 billion and generates $54.21 billion in revenue each year. The pipeline company earns $3.59 billion in net income (profit) each year or $1.45 on an earnings per share basis. Energy Transfer employs 12,812 workers across the globe.

What is Energy Transfer's official website?

The official website for Energy Transfer is www.energytransfer.com.

How can I contact Energy Transfer?

Energy Transfer's mailing address is 8111 Westchester Drive Suite 600, DALLAS TX, 75225. The pipeline company can be reached via phone at 214-981-0700 or via email at [email protected]

This page was last updated on 12/2/2020 by MarketBeat.com Staff

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