With 17.4 million shares changed hands, the volume of the stock remained heavier than its average volume of 17.29 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $21.16 whereas the lowest price it dropped to was $20.44. The 52-week range on ET shows that it touched its highest point at $21.45 and its lowest point at $13.79 during that stretch. It currently has a 1-year price target of $22.47. With its current market cap of 70.12 billion, ET has annualized dividend of $1.27 while the current yield stands at 6.23%. ET paid its most recent dividend on 1731024000, while the ex-dividend date for that was 1738886400. Beta for the stock currently stands at 1.68.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ET was down-trending over the past week, with a drop of -2.71%, but this was up by 4.65% over a month. Three-month performance surged to 25.03% while six-month performance rose 25.88%. The stock gained 40.66% in the past year, while it has gained 4.54% so far this year. A look at the trailing 12-month EPS for ET yields 1.36 with Next year EPS estimates of 1.48. For the next quarter, that number is 0.36. This implies an EPS growth rate of 24.22% for this year and 9.26% for next year. EPS is expected to grow by 12.97% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.88%.
Float and Shares Shorts:
At present, 3.42 billion ET shares are outstanding with a float of 2.93 billion shares on hand for trading. On 2025-01-15, short shares totaled 37.38 million, which was 109.00000000000001 higher than short shares on 1734048000. In addition to Mr. Marshall S. McCrea III as the firm’s Co-CEO & Director of LE GP, LLC, Mr. Thomas E. Long CPA serves as its Co-CEO & Director of LE GP, LLC.
Institutional Ownership:
Through their ownership of 0.33261 of ET’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ET reported revenue of $20772000000.0 and operating income of $2181000000.0. The EBITDA in the recently reported quarter was $3681000000.0 and diluted EPS was $0.32.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ET since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ET analysts setting a high price target of 25.0 and a low target of 19.0, the average target price over the next 12 months is 21.84941. Based on these targets, ET could surge 22.07% to reach the target high and fall by -7.23% to reach the target low. Reaching the average price target will result in a growth of 6.69% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.44363 being high and $1.30425 being low. For ET, this leads to a yearly average estimate of $1.35403. Based on analyst estimates, the high estimate for the next quarter is $0.44 and the low estimate is $0.29. The average estimate for the next quarter is thus $0.36.
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