Energy Transfer (ET) Expected to Announce Earnings on Tuesday

Energy Transfer (NYSE:ET - Get Free Report) is projected to post its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect Energy Transfer to post earnings of $0.35 per share and revenue of $21.41 billion for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $20.77 billion for the quarter, compared to analysts' expectations of $21.59 billion. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. On average, analysts expect Energy Transfer to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Energy Transfer Stock Down 2.2 %

NYSE:ET traded down $0.46 on Friday, hitting $19.92. The stock had a trading volume of 14,766,976 shares, compared to its average volume of 17,497,424. Energy Transfer has a 1 year low of $13.80 and a 1 year high of $21.45. The firm's fifty day simple moving average is $19.71 and its two-hundred day simple moving average is $17.61. The stock has a market cap of $68.19 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 0.54 and a beta of 1.69. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be issued a dividend of $0.325 per share. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date of this dividend is Friday, February 7th. Energy Transfer's dividend payout ratio (DPR) is 94.85%.

Analysts Set New Price Targets

A number of research analysts have issued reports on ET shares. Wells Fargo & Company upped their price objective on Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Barclays raised their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Royal Bank of Canada boosted their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Bank of America assumed coverage on shares of Energy Transfer in a report on Thursday, October 17th. They issued a "buy" rating and a $20.00 price target on the stock. Finally, The Goldman Sachs Group increased their price objective on Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $20.82.

Energy Transfer Company Profile

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.