Stocks of Energy Transfer LP (NYSE:ET) traded higher last session on Wall Street, down -0.12% to $16.38.
ET stock price is now 1.55% away from the 50-day moving average and 5.21% away from the 200-day moving average. The market capitalization of the company currently stands at $56.06B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
, while ‘Pickering Energy Partners’ rates the stock as ‘Outperform’
In other news, McIlwain Gregory G., EVP – Operations bought 20,000 shares of the company’s stock on Aug 23 ’24. The stock was bought for $313,600 at an average price of $15.68. Upon completion of the transaction, the EVP – Operations now directly owns 591,211 shares in the company, valued at $9.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Co-CEO Long Thomas E bought 20,000 shares of the business’s stock. A total of $313,600 was incurred on buying the stock at an average price of $15.68. This leaves the insider owning 4,308,859 shares of the company worth $70.58 million. A total of 14.28% of the company’s stock is owned by insiders.
During the past 12 months, Energy Transfer LP has had a low of $12.90 and a high of $16.64. As of last week, the company has a debt-to-equity ratio of 1.70, a current ratio of 1.14, and a quick ratio of 0.92. According to the stock market information, the enterprise value for the company is $129333633024, which is based on a 13.86 price-to-earnings ratio, a 0.85 price-to-earnings-growth ratio, and a beta of 1.65. The fifty day moving average price for ET is $16.114 and a two-hundred day moving average price translates $15.557 for the stock.
The latest earnings results from Energy Transfer LP (NYSE: ET) was released for 2024-06-30. The net profit margin was 4.71% and return on equity was 13.15% for ET. The company reported revenue of $20.73 billion for the quarter, compared to $18.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.15 percent.
