Energy Transfer LP (ET) Advances While Market Declines: Some Information for Investors

Energy Transfer LP (ET) closed at $18.27 in the latest trading session, marking a +0.38% move from the prior day. This move outpaced the S&P 500's daily loss of 0.09%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq lost 0.1%.The energy-related services provider's stock has dropped by 0.44% in the past month, exceeding the Oils-Energy sector's loss of 9.43% and lagging the S&P 500's loss of 0.29%.The investment community will be paying close attention to the earnings performance of Energy Transfer LP in its upcoming release. On that day, Energy Transfer LP is projected to report earnings of $0.35 per share, which would represent a year-over-year decline of 5.41%. Meanwhile, the latest consensus estimate predicts the revenue to be $24.29 billion, indicating a 18.31% increase compared to the same quarter of the previous year.For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.32 per share and a revenue of $88.93 billion, representing changes of +21.1% and +13.16%, respectively, from the prior year.Any recent changes to analyst estimates for Energy Transfer LP should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.2% lower. Energy Transfer LP is currently a Zacks Rank #3 (Hold).Investors should also note Energy Transfer LP's current valuation metrics, including its Forward P/E ratio of 13.79. This indicates a premium in contrast to its industry's Forward P/E of 13.65.Also, we should mention that ET has a PEG ratio of 0.59. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Oil and Gas - Production Pipeline - MLB industry stood at 1.37 at the close of the market yesterday.The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 187, positioning it in the bottom 26% of all 250+ industries.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Energy Transfer LP (ET): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks