Analysts expect Energy Transfer LP Unit (NYSE:ET) to report earnings per share (EPS) of $0.43 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Energy Transfer LP Unit’s earnings, with the lowest EPS estimate coming in at ($0.04) and the highest estimate coming in at $1.42. Energy Transfer LP Unit posted earnings of $0.41 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 4.9%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, February 20th.
According to Zacks, analysts expect that Energy Transfer LP Unit will report full year earnings of $2.36 per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of $1.26 per share, with EPS estimates ranging from $0.56 to $1.83. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Energy Transfer LP Unit.
Several equities analysts have recently commented on ET shares. Evercore ISI started coverage on Energy Transfer LP Unit in a research note on Tuesday, February 5th. They set an “outperform” rating on the stock. ValuEngine upgraded Energy Transfer LP Unit from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Robert W. Baird restated a “buy” rating and set a $21.00 price target on shares of Energy Transfer LP Unit in a research note on Wednesday, December 5th. Raymond James restated a “buy” rating and set a $20.00 price target on shares of Energy Transfer LP Unit in a research note on Thursday, November 1st. Finally, Citigroup started coverage on Energy Transfer LP Unit in a research note on Thursday, November 29th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Energy Transfer LP Unit presently has an average rating of “Buy” and an average target price of $19.67.
In related news, CEO Kelcy L. Warren bought 1,000,000 shares of the business’s stock in a transaction on Monday, November 19th. The shares were bought at an average price of $14.93 per share, for a total transaction of $14,930,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kelcy L. Warren bought 2,000,000 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was bought at an average price of $15.55 per share, for a total transaction of $31,100,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 3,024,500 shares of company stock worth $46,325,225. Insiders own 3.28% of the company’s stock.
ET stock opened at $14.36 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.53 and a current ratio of 0.74. Energy Transfer LP Unit has a twelve month low of $11.68 and a twelve month high of $19.19. The firm has a market capitalization of $16.63 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.47 and a beta of 1.75.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 19th. Stockholders of record on Friday, February 8th will be paid a dividend of $0.305 per share. The ex-dividend date is Thursday, February 7th. This represents a $1.22 annualized dividend and a dividend yield of 8.50%. Energy Transfer LP Unit’s dividend payout ratio is currently 100.83%.
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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