Energy Transfer LP Unit (NYSE:ET) Target Lowered by Citigroup Inc to $10.00

Energy Transfer LP Unit stock has undergone multiple analysts rating changes in the recent past.  Energy Transfer LP Unit stock Target Lowered by   Citigroup Inc on 6/22/2020. In a note to investors, the firm issued a new target price of $10.00. The analysts previously had $18.00 target price. Citigroup Inc’s price target would indicate a potential upside of 25.47% from the stock’s previous close.

Shares of Energy Transfer LP Unit traded down -$0.06 on Monday, reaching $7.91. 6629533 shares of the stock traded hands, compared to its average volume of 29196169. Shares of Energy Transfer LP Unit started the day on down  at $7.91 on Monday. The firm’s 50 day moving average is $$7.65 and its 200 day moving average is $10.54.Energy Transfer LP Unit  has a 12 month low of $7.81 and a 12 month high of $15.26. While on yearly highs and lows, Energy Transfer LP Unit today has traded high as $8.01 and has touched $7.81 on the downward trend.

Energy Transfer LP Unit Earnings and What to expect: 

Energy Transfer LP Unit last posted its quarterly earnings results on May 11th, 2020. The pipeline company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.32 by $0.64. The firm had revenue of $11.60 billion for the quarter, compared to the consensus estimate of $14.40 billion. Its quarterly revenue was down 11.6% compared to the same quarter last year. Energy Transfer LP Unit has generated $1.45 earnings per share over the last year and currently has a price-to-earnings ratio of 11.2. Energy Transfer LP Unit has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, August 5th, 2020 based off prior year’s report dates.

Earnings for Energy Transfer LP Unit are expected to grow by 6.25% in the coming year, from $1.12 to $1.19 per share. The P/E ratio of Energy Transfer LP Unit is 11.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.22. The P/E ratio of Energy Transfer LP Unit is 11.23, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.78. Energy Transfer LP Unit has a P/B Ratio of 0.62. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

• Insider Ownership Percentage: 3.28%
• On 3/27/2020 Director James Richard Perry Buy 120,000 at average share price of $4.51 which equates to $541,200.00 in money value.
• On 3/16/2020 CFO Thomas E Long Buy 9,000 at average price of  $5.29 with total value of : Not Data Available
• On 3/13/2020 EVP Thomas P Mason Sell 128,000 at average price of  $6.23 with total value of : $797,440.00
• See More Analyst Rating at: RATING

Other Analyst’s rating for Energy Transfer LP Unit

• 6/18/2020 – Energy Transfer LP Unit had its price target raised by analysts at Piper Sandler from $8.00 to $10.00. They now have a “neutral” rating on the stock.
• 6/15/2020 – Energy Transfer LP Unit is now covered by analysts at Evercore ISI. They set a “hold” rating and a $10.00 price target on the stock.
• 6/9/2020 – Energy Transfer LP Unit was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $13.00 price target on the stock.
• 6/1/2020 – Energy Transfer LP Unit had its price target raised by analysts at Morgan Stanley from $6.00 to $8.00. They now have an “equal weight” rating on the stock.
• See More Analyst Rating at: RATING

Other rating updates by Citigroup Inc: 

• 6/22/2020 – Jabil had its price target raised by analysts at Citigroup Inc from $30.00 to $40.00. They now have a “buy” rating on the stock.
• 6/22/2020 – Capita had its price target lowered by analysts at Citigroup Inc from GBX 190 to GBX 130. They now have a “buy” rating on the stock.
• 6/22/2020 – Royal Mail had its “buy” rating re-affirmed by analysts at Citigroup Inc.
• 6/19/2020 – BERKELEY GRP HO/ADR had its “neutral” rating re-affirmed by analysts at Citigroup Inc.
• See More Analyst Rating at: RATING

Energy Transfer LP Unit (NYSE:ET) Moving Average Technical Analysis

5 day Moving Average is $$8.10 And 5 day price change is $0.20 (2.57%)  with average volume for 5 day average is 28,770,061. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $8.38 and 20 day price change is -$0.21 (-2.57%) and average 20 day moving volume is 26,376,945. 50 day moving average is $7.65  and 50 day price change is $2.32 ( 41.06%)  and with average volume for 50 days is : 32,492,379. 200 day moving average is $10.54  and 200 day price change is -$5.64 (-41.44%)  and with average volume for 200 days is : 25,525,211.

See More Analyst Rating at: RATING