For its second fiscal quarter (ending June 30), Energy Transfer LP (NYSE: ET) has reported a 40% increase in E.P.S. from $0.25 a year ago to $0.35 in the current quarter. This performance was $0.07 better than the consensus estimate of $0.28. E.P.S. were $1.19 for the latest four quarters through June 30 versus $1.21 for the same period a year ago — a decline of -2%.
Recent Price Action
On 8/7/24, Energy Transfer LP (NYSE: ET) stock declined by -2.3%, closing at $15.62. Moreover, unusually high trading volume at 162% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -3.6% 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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Energy Transfer has a neutral Appreciation Score of 48 but a good Power Rating of 72, with the Positive Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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