Out of 9 analysts, 5 (55.56%) are recommending ET as a Strong Buy, 4 (44.44%) are recommending ET as a Buy, 0 (0%) are recommending ET as a Hold, 0 (0%) are recommending ET as a Sell, and 0 (0%) are recommending ET as a Strong Sell. What is ET’s earnings growth forecast for 2022-2024?
Similarly, What is the future of ET stock?
Stock Price Forecast
The 18 analysts offering 12-month price forecasts for Energy Transfer LP have a median target of 15.00, with a high estimate of 19.00 and a low estimate of 12.00. The median estimate represents a +30.15% increase from the last price of 11.53.
Is ET a good company? One company to watch right now is Energy Transfer LP (ET). ET is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock has a Forward P/E ratio of 6.02. This compares to its industry’s average Forward P/E of 9.38.
Thereof, Is ET stock a long term investment?
Going forward, we expect Energy Transfer to generate massive shareholder rewards making it a great long-term investment.
Is Energy Transfer Equity a buy?
There are currently 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should « buy » Energy Transfer stock.
Will Energy Transfer survive?
Summary. Energy Transfer has reduced its debt levels successfully in 2021 and will do the same in 2022 and beyond.
Is Energy Transfer a good company?
Energy Transfer Reviews FAQs
Is Energy Transfer a good company to work for? Energy Transfer has an overall rating of 3.7 out of 5, based on over 445 reviews left anonymously by employees. 68% of employees would recommend working at Energy Transfer to a friend and 66% have a positive outlook for the business.
Is Energy Transfer a buy 2021?
Energy Transfer has seen their unit price remain sluggish throughout 2021 following their distributions being halved in late 2020. Thankfully management is indicating that distribution growth is poised to return in early 2022, which is supported by their surging free cash flow.
What is wrong with Energy Transfer stock?
Probably the biggest issue impacting Energy Transfer is its debt load. The company had a massive debt of more than $51 billion at the end of the second quarter. Energy Transfer’s debt has grown substantially over the years, thanks to its aggressive growth strategy.
Will ET raise its dividend?
Thanks to its strong free cash generation, a full restoration of the dividend seems likely, either in 2022 or 2023. At current prices, that would make for a ~12% dividend yield.
Did Energy Transfer raise its dividend?
Energy Transfer ( ET -0.61% ) recently increased its distribution by 15%, pushing its yield to an attractive 6.7%.
Why did ET Stock Drop 2015?
This was after Energy Transfer Partners’ distributable cash flow slid 14.9% on an absolute basis and 62.3% on a per-unit basis after weak commodity prices cut into the margin it received for its percent-of-proceeds contracts as well as the result of commodity-price-related productions shut-ins.
Does Energy Transfer give bonuses?
What is the Bonus Pay by Department at ENERGY TRANSFER PARTNERS? The departments at ENERGY TRANSFER PARTNERS that have the highest annual bonuses are Sales, with an average bonus of $48,454, Communications with an average bonus of $47,297, and Business Development with an average bonus of $37,358.
How many employees work for energy transfer?
Energy Transfer Partners
| Type | Delaware-domiciled master limited partnership |
|---|---|
| Total equity | $31.388 billion (2020) |
| Number of employees | 11,421 (2020) |
| Subsidiaries | Sunoco Lake Charles LNG |
| Website | www.energytransfer.com |
How does energy transfer make money?
Our subsidiaries are involved in the management of coal and natural resources properties and the related collection of royalties. We also earn revenues from other land management activities, such as selling standing timber, leasing coal-related infrastructure facilities, and collecting oil and gas royalties.
What is the ex dividend date for ET?
ET Dividend History
| Ex/EFF DATE | TYPE | CASH AMOUNT |
|---|---|---|
| 05/06/2020 | CASH | $0.305 |
| 02/06/2020 | CASH | $0.305 |
| 11/04/2019 | CASH | $0.305 |
| 08/05/2019 | CASH | $0.305 |
What kind of company is ET?
Energy Transfer LP is a company engaged in natural gas and propane pipeline transport .
…
Energy Transfer Partners.
| Type | Delaware-domiciled master limited partnership |
|---|---|
| Traded as | NYSE: ET |
| Industry | Petroleum industry |
| Founded | 1995 |
| Founder | Kelcy Warren Ray Davis |
What companies does energy transfer own?
On April 2, 2018, USA Compression Partners (USAC) acquired Energy Transfer subsidiaries, CDM Resource Management LLC and CDM Environmental & Technical Services LLC. As part of the transaction, ETE acquired the ownership interests in the general partner of USAC.
What is wrong with energy transfer stock?
Probably the biggest issue impacting Energy Transfer is its debt load. The company had a massive debt of more than $51 billion at the end of the second quarter. Energy Transfer’s debt has grown substantially over the years, thanks to its aggressive growth strategy.
What months does ET pay dividends?
For Distribution History information, please see our Distribution History. Energy Transfer, L.P. (ET) distributions are typically paid approximately 50 days after the end of each quarter. Quarterly distributions are estimated to be on or about February 19, May 19, August 19 and November 19.
How long has energy transfer been paying dividends?
The next Energy Transfer LP – Unit dividend is expected to go ex in 27 days and to be paid in 1 month. The previous Energy Transfer LP – Unit dividend was 17.5c and it went ex 2 months ago and it was paid 2 months ago.
…
Dividend Summary.
| Year | Amount | Change |
|---|---|---|
| 2011 | 0.0c | 0% |
How often are ET dividends paid?
Dividend Summary
The next Energy Transfer LP – Unit dividend is expected to go ex in 2 months and to be paid in 2 months.
How long has ET paid dividends?
Yes, ET has paid a dividend within the past 3 months.
Why is ET so cheap?
The reason why ET trades at such a steep discount to peers today is because it has a poor track record, prompting investors to lose faith in the management. While ET certainly has made poor capital allocation decisions over the years, the company has also been the victim of considerable misfortune.
How often does ET stock pay dividends?
Dividend Summary
There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.5.
What does ET company do?
Description. Energy Transfer LP provides energy-related services. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and 12,340 miles of interstate natural gas pipelines.
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