ValuEngine Lowers Energy Transfer LP Unit (ET) to Sell

Energy Transfer LP Unit (NYSE:ET) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Monday, ValuEngine reports.

ET has been the subject of a number of other reports. Stifel Nicolaus restated a “buy” rating and set a $20.00 price target on shares of Energy Transfer LP Unit in a research note on Thursday, February 21st. TheStreet upgraded Energy Transfer LP Unit from a “c+” rating to a “b” rating in a research note on Thursday, February 21st. Zacks Investment Research upgraded Energy Transfer LP Unit from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 27th. Finally, Evercore ISI assumed coverage on Energy Transfer LP Unit in a research note on Tuesday, February 5th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.75.

NYSE ET traded down $0.14 during trading hours on Monday, hitting $15.41. The company’s stock had a trading volume of 5,035,400 shares, compared to its average volume of 10,788,941. Energy Transfer LP Unit has a 12 month low of $11.68 and a 12 month high of $19.19. The company has a market capitalization of $17.80 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.73.

Energy Transfer LP Unit (NYSE:ET) last released its quarterly earnings results on Wednesday, February 20th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). The firm had revenue of $13.57 billion for the quarter, compared to the consensus estimate of $14.67 billion. Energy Transfer LP Unit had a net margin of 3.18% and a return on equity of 6.15%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. On average, equities analysts predict that Energy Transfer LP Unit will post 1.39 earnings per share 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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