We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Energy Transfer LP (ET) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
In the latest trading session, Energy Transfer LP (ET - Free Report) closed at $9.90, marking a +1.12% move from the previous day. This move outpaced the S&P 500's daily loss of 0.04%. At the same time, the Dow lost 0.58%, and the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the energy-related services provider had lost 2.59% over the past month, lagging the Oils-Energy sector's gain of 5.36% and the S&P 500's gain of 2.67% in that time.
Wall Street will be looking for positivity from Energy Transfer LP as it approaches its next earnings report date. In that report, analysts expect Energy Transfer LP to post earnings of $0.24 per share. This would mark a year-over-year decline of 78.95%. Meanwhile, our latest consensus estimate is calling for revenue of $21.21 billion, up 24.78% from the prior-year quarter.
ET's full-year Zacks Consensus Estimates are calling for earnings of $1.02 per share and revenue of $84.04 billion. These results would represent year-over-year changes of -46.03% and +24.66%, respectively.
It is also important to note the recent changes to analyst estimates for Energy Transfer LP. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.28% higher. Energy Transfer LP is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Energy Transfer LP has a Forward P/E ratio of 9.65 right now. This represents a discount compared to its industry's average Forward P/E of 10.85.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Energy Transfer LP (ET) Gains As Market Dips: What You Should Know
In the latest trading session, Energy Transfer LP (ET - Free Report) closed at $9.90, marking a +1.12% move from the previous day. This move outpaced the S&P 500's daily loss of 0.04%. At the same time, the Dow lost 0.58%, and the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the energy-related services provider had lost 2.59% over the past month, lagging the Oils-Energy sector's gain of 5.36% and the S&P 500's gain of 2.67% in that time.
Wall Street will be looking for positivity from Energy Transfer LP as it approaches its next earnings report date. In that report, analysts expect Energy Transfer LP to post earnings of $0.24 per share. This would mark a year-over-year decline of 78.95%. Meanwhile, our latest consensus estimate is calling for revenue of $21.21 billion, up 24.78% from the prior-year quarter.
ET's full-year Zacks Consensus Estimates are calling for earnings of $1.02 per share and revenue of $84.04 billion. These results would represent year-over-year changes of -46.03% and +24.66%, respectively.
It is also important to note the recent changes to analyst estimates for Energy Transfer LP. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.28% higher. Energy Transfer LP is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Energy Transfer LP has a Forward P/E ratio of 9.65 right now. This represents a discount compared to its industry's average Forward P/E of 10.85.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.