Energy Transfer LP (ET)
$17.26
-$0.18(-1.03%)Today
$17.26-$0.06(-0.35%)Pre-Market
Energy Transfer LP (ticker: ET) is a prominent American energy company specializing in natural gas and crude oil pipeline transportation. The company boasts an extensive pipeline network spanning approximately 130,000 miles, primarily across Texas and the U.S. midcontinent region. This infrastructure includes intrastate and interstate pipelines, as well as gathering, processing, and storage facilities in major U.S. oil and gas producing regions.
As of the latest data, Energy Transfer’s stock is trading at $17.26, reflecting a slight decrease of 0.18 (-1.03%) from the previous close. The company’s market capitalization stands at $66.19 billion, with a price-to-earnings (P/E) ratio of 15.02. Notably, Energy Transfer offers a dividend yield of 6.66%, translating to an annual dividend of $1.29 per share.
Analyst sentiment toward Energy Transfer remains positive, with a consensus rating of “Strong Buy.” The 12-month average price target is $21.58, suggesting a potential upside of approximately 23.6% from the current stock price.
Investors considering ET stock should weigh the company’s robust infrastructure and favorable analyst outlook against the inherent risks associated with the energy sector.