Stocks of Energy Transfer LP (NYSE:ET) traded higher last session on Wall Street, up 0.49% to $16.51.
ET stock price is now 1.90% away from the 50-day moving average and 5.27% away from the 200-day moving average. The market capitalization of the company currently stands at $56.33B.
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, 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 $9.76 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 $71.14 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 $13.01 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 $129710080000, which is based on a 13.97 price-to-earnings ratio, a 0.86 price-to-earnings-growth ratio, and a beta of 1.66. The fifty day moving average price for ET is $16.195 and a two-hundred day moving average price translates $15.67 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.
