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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 the most recent trading day at $15.15, moving -0.66% from the previous trading session. This move lagged the S&P 500's daily gain of 0.1%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq lost 0.66%.
Prior to today's trading, shares of the energy-related services provider had lost 2.24% over the past month. This has lagged the Oils-Energy sector's loss of 1.17% and the S&P 500's gain of 3.95% in that time.
ET will be looking to display strength as it nears its next earnings release, which is expected to be May 8, 2019. The company is expected to report EPS of $0.36, down 14.29% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $13.97 billion, up 17.6% from the year-ago period.
ET's full-year Zacks Consensus Estimates are calling for earnings of $1.43 per share and revenue of $58.76 billion. These results would represent year-over-year changes of +24.35% and +8.64%, respectively.
Investors should also note any recent changes to analyst estimates for ET. Recent revisions tend to reflect the latest near-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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 4.82% higher. ET is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note ET's current valuation metrics, including its Forward P/E ratio of 10.66. For comparison, its industry has an average Forward P/E of 12.09, which means ET is trading at a discount to the group.
Investors should also note that ET has a PEG ratio of 0.44 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. Oil and Gas - Production Pipeline - MLB stocks are, on average, holding a PEG ratio of 3.05 based on yesterday's closing prices.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow ET in the coming trading sessions, be sure to utilize Zacks.com.
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Energy Transfer LP (ET) Stock Sinks As Market Gains: What You Should Know
Energy Transfer LP (ET - Free Report) closed the most recent trading day at $15.15, moving -0.66% from the previous trading session. This move lagged the S&P 500's daily gain of 0.1%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq lost 0.66%.
Prior to today's trading, shares of the energy-related services provider had lost 2.24% over the past month. This has lagged the Oils-Energy sector's loss of 1.17% and the S&P 500's gain of 3.95% in that time.
ET will be looking to display strength as it nears its next earnings release, which is expected to be May 8, 2019. The company is expected to report EPS of $0.36, down 14.29% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $13.97 billion, up 17.6% from the year-ago period.
ET's full-year Zacks Consensus Estimates are calling for earnings of $1.43 per share and revenue of $58.76 billion. These results would represent year-over-year changes of +24.35% and +8.64%, respectively.
Investors should also note any recent changes to analyst estimates for ET. Recent revisions tend to reflect the latest near-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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 4.82% higher. ET is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note ET's current valuation metrics, including its Forward P/E ratio of 10.66. For comparison, its industry has an average Forward P/E of 12.09, which means ET is trading at a discount to the group.
Investors should also note that ET has a PEG ratio of 0.44 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. Oil and Gas - Production Pipeline - MLB stocks are, on average, holding a PEG ratio of 3.05 based on yesterday's closing prices.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow ET in the coming trading sessions, be sure to utilize Zacks.com.