ENERGY TRANSFER/UT LTD PARTN INT (NYSE:ET)‘s stock had its “buy” rating reissued by analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday. They presently have a $18.00 target price on the pipeline company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 26.32% from the stock’s current price.
A number of other equities analysts have also recently issued reports on ET. Raymond James reiterated a “buy” rating and issued a $20.00 target price on shares of ENERGY TRANSFER/UT LTD PARTN INT in a report on Thursday, November 1st. ValuEngine cut ENERGY TRANSFER/UT LTD PARTN INT from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. Citigroup initiated coverage on ENERGY TRANSFER/UT LTD PARTN INT in a report on Thursday, November 29th. They issued a “buy” rating on the stock. Finally, Robert W. Baird reiterated a “buy” rating and issued a $21.00 target price on shares of ENERGY TRANSFER/UT LTD PARTN INT in a report on Wednesday. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $19.67.
Shares of ET opened at $14.25 on Thursday. ENERGY TRANSFER/UT LTD PARTN INT has a 12-month low of $12.80 and a 12-month high of $19.34. The company has a current ratio of 0.74, a quick ratio of 0.53 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $16.47 billion, a P/E ratio of 9.61, a PEG ratio of 0.30 and a beta of 1.86.
ENERGY TRANSFER/UT LTD PARTN INT (NYSE:ET) last issued its earnings results on Wednesday, November 7th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.27). ENERGY TRANSFER/UT LTD PARTN INT had a return on equity of 5.68% and a net margin of 2.58%. The firm had revenue of $14.51 billion during the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter in the prior year, the business earned $0.22 earnings per share. ENERGY TRANSFER/UT LTD PARTN INT’s revenue for the quarter was up 45.4% on a year-over-year basis. As a group, sell-side analysts forecast that ENERGY TRANSFER/UT LTD PARTN INT will post 1.46 earnings per share for the current fiscal year.
In related news, Director Richard D. Brannon purchased 100,000 shares of the stock in a transaction that occurred on Tuesday, September 11th. The stock was acquired at an average cost of $17.68 per share, with a total value of $1,768,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ray C. Davis purchased 316,000 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was bought at an average cost of $15.80 per share, with a total value of $4,992,800.00. The disclosure for this purchase can be found here. Insiders purchased a total of 3,416,000 shares of company stock valued at $52,790,800 over the last three months. 3.28% of the stock is currently owned by insiders.
About ENERGY TRANSFER/UT LTD PARTN INT
Energy Transfer LP provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.
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