Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Energy Transfer LP (NYSE: ET) improved recently. ET’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/8/24, Energy Transfer LP (NYSE: ET) stock declined slightly by -0.1%, closing at $15.82. This decline was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months and has risen 0.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ET is expected to continue to be a major Value Builder.
Energy Transfer has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Energy Transfer has a neutral Appreciation Score of 49 but a good Power Rating of 79, and the Positive Value Trend Rating results.
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