Stock of the Day

Energy Transfer (ET)

$17.65

+$0.12 (+0.7%)

Market Cap: $60.16B

About Energy Transfer

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline.

It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. In addition, the company owns and operates natural gas gathering pipelines, processing plant, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, Montana, North Dakota, Wyoming, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and transports and supplies water to natural gas producer in Pennsylvania. Further, it owns 5,700 miles of natural gas liquid (NGL) pipeline; NGL fractionation facilities; NGL storage facilities; and other NGL storage assets and terminal. Additionally, the company provides crude oil transportation, terminalling, acquisition, and marketing activities; owns and operates approximately 14,500 miles of crude oil trunk and gathering pipelines in the Southwest, Midcontinent, and Midwest United States; and sells and distributes gasoline, middle distillate, and motor fuels and other petroleum products. It also offers natural gas compression services; carbon dioxide and hydrogen sulfide removal services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalty, and generate electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 1996 and is headquartered in Dallas, Texas.

Energy Transfer Bull Case

Here are some ways that investors could benefit from investing in Energy Transfer LP:

• The current stock price is around $17.99, which may present a buying opportunity for investors looking for value in the energy sector.
• Energy Transfer LP has recently reported earnings that exceeded analyst expectations, indicating strong financial performance and potential for growth.
• The company has a solid market capitalization of approximately $61.72 billion, suggesting stability and a significant presence in the energy market.
• Energy Transfer LP has a history of increasing dividends, which can provide a steady income stream for investors seeking yield.
• Analysts have a consensus rating of "Moderate Buy" for the stock, with several firms issuing positive ratings and price targets, indicating confidence in the company's future performance.

Energy Transfer Bear Case

Investors should be bearish about investing in Energy Transfer LP for these reasons:

• The stock price has shown volatility, recently dropping by about 1%, which may indicate market uncertainty or investor concerns.
• Energy Transfer LP's revenue has decreased year-over-year, which could signal challenges in maintaining growth and profitability.
• The company has a relatively high debt-to-equity ratio of 1.42, suggesting that it relies significantly on debt financing, which can be risky in fluctuating market conditions.
• Despite positive earnings, the company did not meet revenue expectations in its latest report, which may raise concerns about its ability to generate consistent sales growth.
• Market analysts have varying price targets, with some revisions indicating a potential decrease in expected stock performance, which could lead to investor hesitation.

Recent News

• Energy Transfer's Growth Prospects Continue to Get Brighter (fool.com)
• U.S. Slams the Brakes on Ethane Exports to China -- Millions in Energy Deals Hang in the Balance (uk.finance.yahoo.com)
• Energy Transfer Faces New Export Restrictions to China (tipranks.com)
• Where Will Energy Transfer Be in 1 Year? (fool.com)
• 7.5% Yield, AI Growth, And Dirt-Cheap Valuation: I'm Loading Up On Energy Transfer (seekingalpha.com)
• These are the key winners in America’s AI-driven energy surge: Morgan Stanley (uk.finance.yahoo.com)
• Jim Cramer Thinks Energy Transfer (ET) Is Terrific (msn.com)
• 3 High-Yield Dividend Stocks Under $50 That Analysts Love (247wallst.com)
• Energy Transfer Has A Strong Yield And Growth Potential (seekingalpha.com)
• Here Are My Top 3 High-Yield Pipeline Stocks to Buy Now (fool.com)