In a report released yesterday, John Mackay from Goldman Sachs maintained a Hold rating on Energy Transfer (ET – Research Report). The company’s shares closed last Friday at $14.46.
According to TipRanks, Mackay is a 4-star analyst with an average return of 12.5% and a 64.71% success rate. Mackay covers the Energy sector, focusing on stocks such as Kinder Morgan, Energy Transfer, and Enterprise Products Partners.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Energy Transfer with a $19.00 average price target.
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ET market cap is currently $48.62B and has a P/E ratio of 13.64.
Based on the recent corporate insider activity of 45 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.
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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.
Read More on ET:
- Energy Transfer LP Secures $3.8 Billion in Public Offerings
- Sunoco LP Maintains Quarterly Distribution
- Energy Transfer LP raises quarterly distribution 3.3% to 31.5c per share
- Energy Transfer call volume above normal and directionally bullish
- Sunoco LP to Acquire NuStar Energy L.P. in Transaction Valued at $7.3 Billion
