Energy Transfer LP (NYSE: ET) has reported earnings for its first fiscal quarter (ending March 31) of $0.32 versus $0.32 for the same period a year ago — flat performance. For the latest four quarters through March 31, E.P.S. were $1.09 versus $1.35 for the same period a year ago — a decline of -19%.
Recent Price Action
Energy Transfer LP (NYSE: ET) stock rose modestly by 0.7% on 5/8/24. The stock closed at $16.25. Moreover, above average trading volume at 139% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 3.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above 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). 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 48 but a good Power Rating of 77, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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