In a report released on November 13, Elvira Scotto from RBC Capital maintained a Buy rating on Energy Transfer (ET – Research Report), with a price target of $19.00. The company’s shares closed yesterday at $13.31.
According to TipRanks, Scotto is a top 100 analyst with an average return of 18.1% and a 62.99% success rate. Scotto covers the Energy sector, focusing on stocks such as Cheniere Energy, Kodiak Gas Services, Inc., and Cheniere Energy Partners.
In addition to RBC Capital, Energy Transfer also received a Buy from Wells Fargo’s Michael Blum in a report issued on November 9. However, on the same day, Goldman Sachs maintained a Hold rating on Energy Transfer (NYSE: ET).
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ET market cap is currently $44.18B and has a P/E ratio of 12.39.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ET in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Energy Transfer (ET) Company Description:
Energy Transfer LP provides natural gas pipeline transportation and transmission services. Its projects include Marcus Hook Industrial Complex, Mariner east Pipelines, Mont Belvieu facility, Lone Star Express Expansion, Bakken Pipeline and Lake Charles LNG. Energy Transfer was founded in September 2002 and is headquartered in Dallas, TX.
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- Energy Transfer Equity Reports Earnings: Did it Beat Estimate Forecasts?
- Energy Transfer LP sees FY23 adjusted EBITDA $13.5B-$13.6B
