In a report released today, Theresa Chen from Barclays maintained a Buy rating on Energy Transfer (ET – Research Report), with a price target of $18.00. The company’s shares closed last Friday at $15.42.
Chen covers the Energy sector, focusing on stocks such as Oneok, Targa Resources, and TC Energy. According to TipRanks, Chen has an average return of 16.7% and a 72.84% success rate on recommended stocks.
In addition to Barclays, Energy Transfer also received a Buy from J.P. Morgan’s Jeremy Tonet in a report issued on April 11. However, on the same day, Goldman Sachs maintained a Hold rating on Energy Transfer (NYSE: ET).
Based on Energy Transfer’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $20.53 billion and a net profit of $1.55 billion. In comparison, last year the company earned a revenue of $20.5 billion and had a net profit of $1.37 billion
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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.
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