US Capital Advisors Weighs in on Energy Transfer LP Unit’s FY2019 Earnings (NYSE:ET)

Energy Transfer LP Unit (NYSE:ET) – Equities research analysts at US Capital Advisors dropped their FY2019 earnings estimates for Energy Transfer LP Unit in a report issued on Tuesday, October 15th. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will earn $1.37 per share for the year, down from their prior estimate of $1.38. US Capital Advisors also issued estimates for Energy Transfer LP Unit’s Q4 2019 earnings at $0.31 EPS, Q1 2020 earnings at $0.29 EPS, Q2 2020 earnings at $0.28 EPS, Q3 2020 earnings at $0.30 EPS, Q4 2020 earnings at $0.32 EPS, FY2020 earnings at $1.18 EPS and FY2021 earnings at $1.19 EPS.

Other equities analysts also recently issued research reports about the company. Robert W. Baird lowered their price target on Energy Transfer LP Unit from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. Piper Jaffray Companies began coverage on Energy Transfer LP Unit in a research report on Wednesday, July 17th. They set an “overweight” rating and a $22.00 price target on the stock. Zacks Investment Research downgraded Energy Transfer LP Unit from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Citigroup set a $20.00 price objective on Energy Transfer LP Unit and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Wells Fargo & Co boosted their price objective on Energy Transfer LP Unit from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Energy Transfer LP Unit has an average rating of “Buy” and an average price target of $19.60.

Shares of NYSE ET opened at $12.74 on Friday. The business’s 50 day moving average price is $13.22 and its two-hundred day moving average price is $14.22. The company has a market cap of $32.95 billion, a PE ratio of 11.08 and a beta of 1.52. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 1.48. Energy Transfer LP Unit has a twelve month low of $11.68 and a twelve month high of $17.45.

Energy Transfer LP Unit (NYSE:ET) last announced its quarterly earnings results on Wednesday, August 7th. The pipeline company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $13.88 billion for the quarter, compared to analyst estimates of $14.49 billion. Energy Transfer LP Unit had a return on equity of 9.10% and a net margin of 4.99%. Energy Transfer LP Unit’s revenue was down 1.7% compared to the same quarter last year.

Several large investors have recently modified their holdings of ET. OLD Second National Bank of Aurora bought a new stake in shares of Energy Transfer LP Unit during the second quarter worth approximately $27,000. First Personal Financial Services bought a new stake in shares of Energy Transfer LP Unit during the second quarter worth approximately $27,000. Meridian Wealth Management LLC bought a new stake in shares of Energy Transfer LP Unit during the first quarter worth approximately $28,000. Rocky Mountain Advisers LLC bought a new stake in shares of Energy Transfer LP Unit in the second quarter valued at approximately $28,000. Finally, Pathstone Family Office LLC bought a new stake in shares of Energy Transfer LP Unit in the second quarter valued at approximately $28,000. Institutional investors own 55.29% of the company’s stock.

Energy Transfer LP Unit Company Profile

Energy Transfer LP provides energy-related services in the United States and China. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

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Earnings History and Estimates for Energy Transfer LP Unit (NYSE:ET)

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