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As global conflict and OPEC+ price cuts drive oil prices higher (BZ=F, CL=F), the latest edition of Good Buy or Goodbye with Tortoise Senior Portfolio Manager Rob Thummel offers investors the energy sector playbook. Thummel rates Energy Transfer (ET) as his "good buy," citing the company's ample free cash flow and reliable dividend yield of over 8%.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Energy Transfer is an underappreciated midstream company with a negative shareholder stigma due to a distribution cut in 2020. ET's financial footing is healthy and warrants a Buy rating, as it has taken steps to improve its credit metrics and has ample margin to raise the distribution. Comparisons to other midstream companies show that ET is undervalued with respect to its cash generation abilities.
Here is how Energy Transfer LP (ET) and Talen Energy Corporation (TLNE) have performed compared to their sector so far this year.
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Target and Garmin
Energy Transfer LP (ET) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
We have screened bargain stocks ET, TGS, BIP, FHN and ESRT based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
Energy Transfer shares have returned roughly 7% since October 2023 and have seen a total return of 144% over the past three years. The market is shifting towards favoring deep-value stocks, and Energy Transfer is still undervalued. The company has a strong yield of 8.4%, potential for significant growth, and a resilient balance sheet.
Energy Transfer pays a rock-solid, high-yielding distribution. The master limited partnership (MLP) also trades at a bottom-of-the-barrel valuation with several upside catalysts.
We have narrowed our search to five U.S. corporate behemoths that have strong momentum for February. These are: NVDA, AMZN, PGR, ET, SNPS.