Let’s start up with the current stock price of Energy Transfer LP (ET), which is $8.61 to be very precise. The Stock rose vividly during the last session to $8.90 after opening rate of $8.77 while the lowest price it went was recorded $8.55 before closing at $8.84.
Recently in News on April 30, 2021, Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® MLP Market Cap Index. Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to the constituents of The Cushing® MLP Market Cap Index (the “Index”). On February 16, 2021, Index constituents Enable Midstream Partners, LP (NYSE: ENBL) and Energy Transfer LP (NYSE: ET) announced that they had entered into an Agreement and Plan of Merger that, if approved by at least a majority of ENBL common unitholders, would result in ENBL common units ceasing to be publicly traded. The parties subsequently announced that a majority of ENBL common unitholders have delivered written consents approving the Merger Agreement and, accordingly, the merger closing may occur as early as May 10, 2021. Per the Index’s methodology guide, this event will result in a constituent replacement. Accordingly, after the market closes on May 7, 2021, and effective on May 10, 2021, Global Partners LP (NYSE: GLP) will replace ENBL as a constituent of the Index at ENBL’s then-current weight. You can read further details here
Energy Transfer LP had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $8.90 on 04/30/21, with the lowest value was $6.03 for the same time period, recorded on 01/04/21.
Energy Transfer LP (ET) full year performance was 2.50%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Energy Transfer LP shares are logging -9.84% during the 52-week period from high price, and 72.89% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $4.98 and $9.55.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 14803414 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Energy Transfer LP (ET) recorded performance in the market was 39.32%, having the revenues showcasing 37.32% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 23.90B, as it employees total of 11421 workers.
Specialists analysis on Energy Transfer LP (ET)
During the last month, 11 analysts gave the Energy Transfer LP a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 7.34, with a change in the price was noted +1.68. In a similar fashion, Energy Transfer LP posted a movement of +24.24% for the period of last 100 days, recording 21,574,213 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ET is recording 2.78 at the time of this writing. In addition, long term Debt to Equity ratio is set at 2.77.
Trends and Technical analysis: Energy Transfer LP (ET)
Raw Stochastic average of Energy Transfer LP in the period of last 50 days is set at 86.06%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 76.98%. In the last 20 days, the company’s Stochastic %K was 87.13% and its Stochastic %D was recorded 90.21%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 39.32%. Additionally, trading for the stock in the period of the last six months notably improved by 63.38%, alongside a boost of 2.50% for the period of the last 12 months. The shares increased approximately by 5.13% in the 7-day charts and went down by 12.11% in the period of the last 30 days. Common stock shares were driven by 37.32% during last recorded quarter.