Energy Transfer LP Unit (ET) Receives $19.75 Consensus Target Price from Analysts

Shares of Energy Transfer LP Unit (NYSE:ET) have earned an average rating of “Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $19.75.

ET has been the topic of several recent analyst reports. TheStreet upgraded shares of Energy Transfer LP Unit from a “c+” rating to a “b” rating in a report on Thursday, February 21st. BMO Capital Markets reiterated a “buy” rating and issued a $18.00 target price on shares of Energy Transfer LP Unit in a report on Thursday, December 6th. Robert W. Baird reiterated a “buy” rating and issued a $21.00 target price on shares of Energy Transfer LP Unit in a report on Wednesday, December 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $20.00 target price on shares of Energy Transfer LP Unit in a report on Thursday, February 21st. Finally, ValuEngine upgraded shares of Energy Transfer LP Unit from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th.

NYSE:ET opened at $15.37 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $17.63 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.45 and a beta of 1.75. Energy Transfer LP Unit has a 1-year low of $11.68 and a 1-year high of $19.19.

Energy Transfer LP Unit (NYSE:ET) last posted its earnings results on Wednesday, February 20th. The pipeline company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). The firm had revenue of $13.57 billion during the quarter, compared to analyst estimates of $14.67 billion. Energy Transfer LP Unit had a net margin of 3.18% and a return on equity of 6.15%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities analysts expect that Energy Transfer LP Unit will post 1.37 EPS for the current fiscal year.

About Energy Transfer LP Unit

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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Analyst Recommendations for Energy Transfer LP Unit (NYSE:ET)

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