Is ET stock a good buy now? (2024)

Is ET stock a good buy now?

Energy Transfer LP has 28.84% upside potential, based on the analysts' average price target. Energy Transfer LP has a conensus rating of Strong Buy which is based on 4 buy ratings, 1 hold ratings and 0 sell ratings. The average price target for Energy Transfer LP is $18.25.

What is the future price of ET stock?

Energy Transfer Stock Price Forecast 2023-2024

The forecasted Energy Transfer price at the end of 2023 is $13.46 - and the year to year change +28%.

Is ET a good dividend stock?

How does ET dividend yield compare to the market? Notable Dividend: ET's dividend (8.72%) is higher than the bottom 25% of dividend payers in the US market (1.51%).

What is the outlook for Energy Transfer?

Energy Transfer LP (NYSE:ET)

The 17 analysts offering 12-month price forecasts for Energy Transfer LP have a median target of 18.00, with a high estimate of 23.00 and a low estimate of 14.00. The median estimate represents a +24.40% increase from the last price of 14.47.

Who is buying ET stock?

The ownership structure of Energy Transfer (ET) stock is a mix of institutional, retail and individual investors. Approximately 11.25% of the company's stock is owned by Institutional Investors, 16.99% is owned by Insiders and 71.77% is owned by Public Companies and Individual Investors.

Is ET a good long term stock?

(NYSE: ET) Energy Transfer's forecast annual revenue growth rate of 22.45% is forecast to beat the US Oil & Gas Midstream industry's average forecast revenue growth rate of 9.23%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 45.42%.

Why is Energy Transfer stock dropping?

For the first three quarters of 2023, Energy Transfer's revenue dropped by more than $11 billion or 16% compared to the same period last year. While this drop is undoubtedly related to the volatility of the energy markets, Energy Transfer's cost of goods sold dropped commensurate with the drop in revenue.

How high will ET stock go?

ET Stock 12 Months Forecast

Based on 5 Wall Street analysts offering 12 month price targets for Energy Transfer in the last 3 months. The average price target is $18.25 with a high forecast of $19.00 and a low forecast of $18.00. The average price target represents a 27.36% change from the last price of $14.33.

Is et stock safe?

Energy Transfer LP - Unit is listed as:

Safe(er) Stock in category.

What is the safest dividend stock to buy now?

Rock-solid dividend stocks

Kinder Morgan, Equinix, and Lockheed Martin pay safe dividends and earn contractually secured revenue, enabling them to produce predictable cash flow. On top of that, they have very strong balance sheets. Those features make them some of the most bankable dividends for 2024 and beyond.

Is energy transfer a profitable company?

Energy Transfer LP annual revenue for 2022 was $89.876B, a 33.31% increase from 2021. Energy Transfer LP annual revenue for 2021 was $67.417B, a 73.07% increase from 2020.

What is the energy transfer stock price forecast for 2025?

Future price of the stock is predicted at 22.782542174806$ (58.985% ) after a year according to our prediction system. This means that if you invested $100 now, your current investment may be worth 158.985$ on 2025 February 04, Tuesday.

Is energy transfer a big company?

RANKED 43 ON FORTUNE 500. We're proud to be one of the top 50 largest corporations in the United States.

Is ET a monthly dividend?

Regular payouts for ET are paid quarterly.

Why invest in ET Money?

Simplified data for amplified returns

You win at investing when you make sense of complex data. ET Money presents you all the useful data in the most simplified manner that helps you separate the investing signals from the noise.

What happened to energy transfer?

On November 3, 2023, Energy Transfer completed its merger with Crestwood Equity Partners LP which extends its position in the value chain deeper into the Williston and Delaware basins, and entry into the Powder River basin.

What is the price target for $ET?

Stock Price Targets
High$23.00
Median$18.00
Low$14.00
Average$18.05
Current Price$14.00

Is energy transfer dividend safe?

Energy Transfer's durable and growing cash flow positions it to keep increasing its already massive distribution. It has grown its payout by 3.3% over the past year, in line with its long-term target of growing its distribution at a 3% to 5% annual rate.

What are the top 10 stocks to buy for long-term?

10 Best Long-Term Stocks to Buy in 2024
Company StockMarket Cap (crore)Profit Growth (CAGR)
HDFC Bank₹11,69,00019.9%
Hindustan Unilever₹6,04,40812.4%
Infosys₹6,79,0008.9%
Reliance Industries₹18,40,00010.2%
6 more rows
Jan 25, 2024

Is Energy Transfer a bad company?

One of the reasons behind investors' dislike for Energy Transfer is the company's poor governance practices. Examples in the past include a complex corporate structure and backdoor distribution cuts at Energy Transfer Partners and Sunoco Logistics Partners.

Why are energy stocks doing so bad?

Recent trends put more pressure on oil stocks

Declining oil prices contributed to the energy sector's underperformance in 2023. A barrel of crude oil was priced in the $80 range at the start of 2023, down considerably from 2022's peak price of more than $120/barrel. By January 2023, the price hovered near $70/barrel.

Is Energy Transfer a buy right now?

Energy Transfer LP is currently a Zacks Rank #1 (Strong Buy). Digging into valuation, Energy Transfer LP currently has a Forward P/E ratio of 11.75. This represents a discount compared to its industry's average Forward P/E of 12.23. The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector.

What is ET stock dividend growth rate?

ET Dividend Growth Grade
TypeGradeET
Dividend Growth Rate 3Y (CAGR)view ratings4.98%
Dividend Growth Rate 5Y (CAGR)view ratings0.24%
Dividend Growth Rate 10Y (CAGR)view ratings6.60%
Revenue Growth (FWD)view ratings8.15%
11 more rows

How much of Sunoco does ET own?

Energy Transfer owns controlling interests in Sunoco LP, 100% of Sunoco Logistics Partners Operations L.P., the general partner of USA Compression Partners L.P., 100% of Lake Charles LNG, which owns an LNG import terminal and regasification facility near Lake Charles, Louisiana, 9,400 miles (15,100 km) of natural gas ...

What is the next ex-dividend date for ET?

Energy Transfer's upcoming ex-dividend date is on Feb 06, 2024. Energy Transfer shareholders who own ET stock before this date will receive Energy Transfer's next dividend payment of $0.31 per share on Feb 20, 2024. Add ET to your watchlist to be reminded before Energy Transfer's ex-dividend date.

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