Energy Transfer LP Unit (ET) Rating Lowered to Sell at ValuEngine

Energy Transfer LP Unit (NYSE:ET) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Monday, ValuEngine reports.

ET has been the topic of a number of other research reports. Evercore ISI started coverage on shares of Energy Transfer LP Unit in a research note on Tuesday, February 5th. They issued an “outperform” rating on the stock. Zacks Investment Research raised shares of Energy Transfer LP Unit from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 27th. TheStreet raised shares of Energy Transfer LP Unit from a “c+” rating to a “b” rating in a research note on Thursday, February 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price target on shares of Energy Transfer LP Unit in a research note on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $19.75.

Energy Transfer LP Unit stock opened at $15.35 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.54 and a current ratio of 0.73. Energy Transfer LP Unit has a fifty-two week low of $11.68 and a fifty-two week high of $19.19. The company has a market cap of $40.36 billion, a P/E ratio of 13.35, a PEG ratio of 0.46 and a beta of 1.75.

Energy Transfer LP Unit (NYSE:ET) last announced its quarterly earnings results on Wednesday, February 20th. The pipeline company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). Energy Transfer LP Unit had a net margin of 3.18% and a return on equity of 6.15%. The company had revenue of $13.57 billion during the quarter, compared to the consensus estimate of $14.67 billion. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. Analysts expect that Energy Transfer LP Unit will post 1.39 EPS for the current fiscal year.

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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Analyst Recommendations for Energy Transfer LP Unit (NYSE:ET)

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