Energy Transfer's underperformance over the last couple of years is not without reason. The company grapples with several issues that get reflected in its beaten-down stock price. First, Energy Transfer is highly leveraged.
Is energy transfer stock a good buy right now?
· Their forecasts range from $13.00 to $15.00. On average, they expect Energy Transfer's stock price to reach $14.00 in the next year. This suggests a possible upside of 33.3% from the stock's current price. View analysts' price targets for Energy Transfer or view top-rated stocks among Wall Street analysts.
What's happened to Energy Transfer Equity stock?
· Energy Transfer had a lousy fourth-quarter because of the oil market's continued weakness as it recovers from the pandemic. However, with vaccines rolling out and OPEC maintaining its support,...
Are energy stocks still undervalued?
Find the latest Energy Transfer LP (ET) stock discussion in Yahoo Finance's forum. Share your opinion and gain insight from other stock traders and investors.
Did energy transfer stock split in 2014?
· A high-level overview of Energy Transfer LP (ET) stock. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools.
Is Energy Transfer stock a good buy?
One stock to keep an eye on is Energy Transfer (ET). ET is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock has a Forward P/E ratio of 8.72. This compares to its industry's average Forward P/E of 11.06.
Why is Energy Transfer dropping?
Energy Transfer has been in a sort of limbo at least for the last two years. Management errors, COVID-19 and decreasing cash flow all contributed to ET's price malaise.
Will Energy Transfer stock go up?
Stock Price Forecast The 18 analysts offering 12-month price forecasts for Energy Transfer LP have a median target of 15.00, with a high estimate of 20.00 and a low estimate of 14.00. The median estimate represents a +35.75% increase from the last price of 11.05.
Is Energy Transfer a good dividend stock?
Many income investors are drawn to Energy Transfer and Enterprise Products Partners for their generous and stable dividends. Indeed, both stocks are in a strong position now, actually the strongest position in a decade, to cover and raise their dividends going forward.
Is ET a good buy right now?
The consensus among 6 Wall Street analysts covering (NYSE: ET) stock is to Strong Buy ET stock.
What happened to Energy Transfer Partners stock?
Upon closing of the merger, ETE changed its name to Energy Transfer LP, and applied to list its common units on the NYSE under the ticker symbol “ET.” Effective with the opening of market on October 19, 2018, ETP is no longer a publicly traded company and trading of its common units, previously listed on the NYSE under ...
Will EPD stock go up?
Stock Price Forecast The 22 analysts offering 12-month price forecasts for Enterprise Products Partners LP have a median target of 30.50, with a high estimate of 33.00 and a low estimate of 27.00. The median estimate represents a +16.99% increase from the last price of 26.07.
Does et pay a dividend?
ET pays a dividend of $0.68 per share. ET's annual dividend yield is 6%. ENERGY TRANSFER's dividend is lower than the US industry average of 6.22%, and it is higher than the US market average of 3.46%.
What is the ex dividend date for ET?
Energy Transfer L.P. (ET) will begin trading ex-dividend on November 04, 2021. A cash dividend payment of $0.153 per share is scheduled to be paid on November 19, 2021.
How does energy transfer make money?
Our subsidiaries are involved in the management of coal and natural resources properties and the related collection of royalties. We also earn revenues from other land management activities, such as selling standing timber, leasing coal-related infrastructure facilities, and collecting oil and gas royalties.
Is Energy Transfer a buy right now?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Transfer in the last year. There are currently 10 buy ratings and...
How has Energy Transfer's stock price been impacted by COVID-19?
Energy Transfer's stock was trading at $7.05 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (...
When is Energy Transfer's next earnings date?
Energy Transfer is scheduled to release its next quarterly earnings announcement on Thursday, May 5th 2022. View our earnings forecast for Energy...
How were Energy Transfer's earnings last quarter?
Energy Transfer LP (NYSE:ET) issued its quarterly earnings data on Wednesday, February, 16th. The pipeline company reported $0.29 earnings per shar...
How often does Energy Transfer pay dividends? What is the dividend yield for Energy Transfer?
Energy Transfer announced a quarterly dividend on Tuesday, January 25th. Stockholders of record on Tuesday, February 8th will be paid a dividend of...
Is Energy Transfer a good dividend stock?
Energy Transfer pays an annual dividend of $0.70 per share and currently has a dividend yield of 7.11%. ET has a dividend yield higher than 75% of...
When did Energy Transfer's stock split? How did Energy Transfer's stock split work?
Shares of Energy Transfer split before market open on Friday, June 13th 2014. The 2-1 split was announced on Tuesday, May 6th 2014. The newly minte...
What price target have analysts set for ET?
11 brokerages have issued 1 year price objectives for Energy Transfer's shares. Their forecasts range from $12.00 to $15.00. On average, they expec...
Who are Energy Transfer's key executives?
Energy Transfer's management team includes the following people: Marshall S. McCrea , President, Co-Chief Executive Officer & Director Thomas E....
The midstream giant sees better days ahead
Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo
Diagnosing the tough quarter
Energy Transfer's adjusted EBITDA declined by 6.4% during the fourth quarter, while its distributable cash flow fell almost 10%. The primary culprit was its crude oil transportation and services business, which posted a 23.5% earnings decline.
Multiple sources to fuel its recovery
While lower oil prices affected some of Energy Transfer's operations during the fourth quarter, that headwind should fade in 2021. Crude prices are already up more than 35% this year and pushing toward a two-year high.
Poised to bounce back big-time
Energy Transfer had a lousy fourth-quarter because of the oil market's continued weakness as it recovers from the pandemic. However, with vaccines rolling out and OPEC maintaining its support, crude prices have rocketed out of the gate in 2021. Thus, Energy Transfer's earnings should improve.
Is Energy Transfer leveraged?
First, Energy Transfer is highly leveraged. In uncertain and challenging times like these, this is a big deal. Energy Transfer's debt has quadrupled in less than a decade, thanks to its numerous acquisitions and growth projects. The company's debt-to- EBITDA ratio over the trailing 12 months stands at 5.7 times, which is considered pretty high even for a higher leverage business like infrastructure. For comparison, the ratio for Enterprise Products Partners is 3.6 times. Energy Transfer's aggressive growth strategy of taking on debt to pursue expansion may not be in the best interests of its shareholders. A rising debt-to-EBITDA ratio likely indicates that the company's projects are generating lower returns at relatively higher expenditures.
Does Energy Transfer have a credit downgrade?
If Energy Transfer's debt-to-EBITDA rises further, covenants under its credit facilities may force it to cut distributions. The company may also see a credit downgrade from rating agencies, resulting in increased borrowing costs. Moody's recently changed its outlook for Energy Transfer to negative from stable, while maintaining its Baa3 rating. The rating agency cited a recent court order requiring the company to shut down its Dakota Access pipeline as the reason behind the change in outlook.
Is Energy Transfer a regulatory risk?
Apart from high leverage, and the resulting risk of a distribution cut, Energy Transfer also faces regulatory risks on its pipelines. In the latest instance of such risk, a district court recently ordered Energy Transfer's key Dakota Access pipeline to shut down by Aug. 5, pending an environmental review. The company intends to file a motion to stay the decision.
Is Chesapeake Energy going bankrupt?
Another key risk that Energy Transfer faces is a default on contracts by producer customers facing bankruptcy. Chesapeake Energy 's bankruptcy filing last month is a case in point. As part of the restructuring, Chesapeake wants its $293 million contract with Energy Transfer on its Tiger pipeline to be canceled.
What is energy transfer?
Energy Transfer LP provides energy-related services. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and 12,340 miles of interstate natural gas pipelines. It also sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. In addition, the company owns and operates natural gas gathering and natural gas liquid (NGL) pipelines, processing plants, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Kansas, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and a natural gas gathering system in Ohio, as well as transports and supplies water to natural gas producers in Pennsylvania. Further, it owns approximately 4,823 miles of NGL pipelines; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 50 million barrels (MMBbls); and other NGL storage assets and terminals with an aggregate storage capacity of approximately 17 MMBbls. Additionally, the company sells gasoline, middle distillates, and motor fuel at retail, as well as crude oil, NGLs, and refined products; operates convenience stores; and distributes motor fuels and other petroleum products. It provides natural gas compression services; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 1996 and is headquartered in Dallas, Texas.
Is Energy Transfer LP listed on the NYSE?
Energy Transfer LP is listed on the NYSE as (NYSE:ET).
Does ET pay dividends?
Yes, ET pays dividends. ET’s latest announced quarterly dividend was declared on 07/22/2021 for $0.15 and goes ex-dividend on 08/05/2021. You can view ET’s full dividend history and dividend summary on its Dividend Scorecard page.
What is Cheniere Energy?
Cheniere Energy operates facilities that liquefy natural gas to be loaded onto ships and transported globally. As the largest liquefied natural gas, or LNG, operator in the U.S., Cheniere Energy remains a favorite, Thummel says. "The U.S. has a real opportunity to be a global leader in liquefied natural gas," he says. "The U.S. could be the largest LNG provider in the world by the middle of the decade." The stock market is undervaluing the steady, fee-based nature of the company. "This model was tested during the pandemic, and the company delivered a steady, growing stream of cash flow," Thummel says. "As the company increases free cash flow generated to pay down debt and establish a dividend, the market will begin to better appreciate the potential of Cheniere."
Is crude oil going up in 2021?
Crude oil prices could be less volatile in 2021 since the outlook for the energy market is positive as the economy recovers, says Michael Underhill, chief investment officer of Capital Innovations in Pewaukee, Wisconsin. The U.S. Energy Information Administration projects that the share of renewables in the electricity generation mix will increase ...
Is energy stock rebounding?
Next: Energy stocks are rebounding. Oil companies faced lower demand for a portion of 2020, weighing their stocks down to 52-week lows. Shares have rebounded as crude oil prices rise in 2021, with more demand and extremely cold temperatures across the U.S. Brent crude oil prices recently hit more than $65 a barrel – the first time in more ...
