Energy Transfer (NYSE:ET – Get Free Report) will be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Energy Transfer (NYSE:ET – Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The firm had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $21.46 billion. During the same quarter in the previous year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts expect Energy Transfer to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Energy Transfer Price Performance
ET stock opened at $16.07 on Tuesday. The firm’s 50-day moving average price is $15.49 and its two-hundred day moving average price is $14.42. Energy Transfer has a 12-month low of $12.18 and a 12-month high of $16.08. The stock has a market capitalization of $54.13 billion, a price-to-earnings ratio of 14.74 and a beta of 1.63. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37.
Energy Transfer Increases Dividend
Analyst Ratings Changes
ET has been the topic of a number of analyst reports. UBS Group decreased their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Mizuho reiterated a “buy” rating and set a $19.00 price target (up previously from $18.00) on shares of Energy Transfer in a research report on Thursday, April 18th. Finally, Citigroup upped their price objective on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.
Get Our Latest Research Report on Energy Transfer
Energy Transfer Company Profile
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.
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