Energy Transfer LP Unit (ET) Lifted to Strong-Buy at Raymond James

Raymond James upgraded shares of Energy Transfer LP Unit (NYSE:ET) from an outperform rating to a strong-buy rating in a research report released on Tuesday, BenzingaRatingsTable reports.

ET has been the topic of a number of other reports. Stifel Nicolaus reiterated a buy rating and issued a $20.00 price target on shares of Energy Transfer LP Unit in a report on Thursday, February 21st. ValuEngine downgraded Energy Transfer LP Unit from a sell rating to a strong sell rating in a report on Tuesday, January 22nd. TheStreet upgraded Energy Transfer LP Unit from a c+ rating to a b rating in a report on Thursday, February 21st. Zacks Investment Research upgraded Energy Transfer LP Unit from a strong sell rating to a hold rating in a report on Wednesday, February 27th. Finally, Evercore ISI assumed coverage on Energy Transfer LP Unit in a report on Tuesday, February 5th. They issued an outperform rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $19.20.

ET opened at $15.28 on Tuesday. The firm has a market cap of $40.02 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 0.45 and a beta of 1.75. Energy Transfer LP Unit has a 52 week low of $11.68 and a 52 week high of $19.19. The company has a current ratio of 0.73, a quick ratio of 0.54 and a debt-to-equity ratio of 1.41.

Energy Transfer LP Unit (NYSE:ET) last announced its quarterly earnings results on Wednesday, February 20th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). Energy Transfer LP Unit had a net margin of 3.18% and a return on equity of 6.15%. The company had revenue of $13.57 billion during the quarter, compared to analysts’ expectations of $14.67 billion. The company’s revenue was up 18.5% on a year-over-year basis. On average, equities research analysts forecast that Energy Transfer LP Unit will post 1.39 EPS for the current fiscal year.

Energy Transfer LP Unit Company Profile

Energy Transfer LP provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

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Analyst Recommendations for Energy Transfer LP Unit (NYSE:ET)

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