Energy Transfer (ET) Stock Forecast & Price Target

$19.07 +0.10 (+0.53%)

(As of 11/22/2024 ET)

Energy Transfer - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 8 Analyst Ratings

Sell
0

Hold
0

Buy
8

Based on 8 Wall Street analysts who have issued ratings for Energy Transfer in the last 12 months, the stock has a consensus rating of "Buy." Out of the 8 analysts, 8 have given a buy rating for ET.

Consensus Price Target

$20.00
4.88% Upside

According to the 8 analysts' twelve-month price targets for Energy Transfer, the average price target is $20.00. The highest price target for ET is $23.00, while the lowest price target for ET is $18.00. The average price target represents a forecasted upside of 4.88% from the current price of $19.07.

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ET Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$20.00	$20.00	$19.29	$16.50
Forecasted Upside	4.88% Upside	21.58% Upside	21.22% Upside	20.26% Upside
Consensus Rating	Buy	Buy	Moderate Buy	Buy

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ET Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ET Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Energy Transfer Stock vs. The Competition

Type	Energy Transfer	Oils/Energy Companies	S&P 500
Consensus Rating Score	3.00	2.63	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	4.88% Upside	1,449.95% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent ET News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
10/17/2024	Bank of America 4 of 5 stars	Initiated Coverage	Buy	$20.00	+21.95%
10/16/2024	Royal Bank of Canada 4 of 5 stars	Boost Target	Outperform ➝ Outperform	$19.00 ➝ $20.00	+21.43%
9/18/2024	UBS Group 4 of 5 stars	Boost Target	Buy ➝ Buy	$22.00 ➝ $23.00	+43.12%
6/20/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$19.00 ➝ $20.00	+29.20%
6/18/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$19.00 ➝ $20.00	+30.55%
6/10/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$19.00 ➝ $20.00	+29.20%
5/9/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$18.00 ➝ $19.00	+17.79%
2/21/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$17.00 ➝ $18.00	+22.03%
10/5/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral ➝ Neutral	$14.00	+4.79%
10/3/2023	Pickering Energy Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
4/18/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$15.00 ➝ $16.00	+24.22%
2/21/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight	$15.00 ➝ $16.00	+24.51%
2/16/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Strong-Buy	$15.00 ➝ $17.00	+32.09%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 05:38 AM ET.

Should I Buy Energy Transfer Stock? ET Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 1, 2024. Please send any questions or comments about these Energy Transfer pros and cons to contact@marketbeat.com.

Energy Transfer
Bull Case

Here are some ways that investors could benefit from investing in Energy Transfer LP:

Energy Transfer LP insiders have been acquiring significant amounts of company stock, indicating confidence in the company's future prospects. This can be a positive signal for investors as insiders typically have in-depth knowledge of the company's operations and potential growth.
Energy Transfer LP has a strong dividend history, with recent increases in dividend payouts. This can be attractive to income-seeking investors looking for consistent returns.
The company's stock price has been showing stability and even slight increases in recent trading sessions, suggesting potential upward momentum. This stability can provide a sense of security to investors.
Energy Transfer LP's revenue growth of 13.1% in the latest reported quarter demonstrates the company's ability to generate increasing income, which could lead to higher stock valuations in the future.
With a P/E ratio of 14.67 and a PEG ratio of 0.50, Energy Transfer LP's stock may be considered undervalued compared to its growth potential. This could present a buying opportunity for value investors.

Energy Transfer
Bear Case

Investors should be bearish about investing in Energy Transfer LP for these reasons:

Energy Transfer LP's recent earnings report showed a slight miss on EPS compared to analyst estimates, which could indicate potential challenges in meeting market expectations in the short term.
The company's debt-to-equity ratio of 1.38 may raise concerns about its financial leverage and ability to manage debt obligations, which could impact future growth and profitability.
Energy Transfer LP's stock has a beta of 1.66, indicating higher volatility compared to the market average. This volatility can lead to significant price fluctuations, potentially increasing investment risk.
Analysts' consensus estimate for Energy Transfer LP's future EPS is slightly lower than the company's reported earnings, suggesting a cautious outlook on future profitability and growth potential.
Despite recent insider acquisitions, the overall insider ownership of 3.28% may be perceived as relatively low, potentially signaling limited insider confidence in the company's long-term performance.

ET Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Energy Transfer is $20.00, with a high forecast of $23.00 and a low forecast of $18.00.
: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Energy Transfer in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ET shares.
: According to analysts, Energy Transfer's stock has a predicted upside of 4.88% based on their 12-month stock forecasts.
: Energy Transfer has been rated by research analysts at Bank of America, Royal Bank of Canada, and UBS Group in the past 90 days.
: Analysts like Energy Transfer more than other "oils/energy" companies. The consensus rating for Energy Transfer is Buy while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how ET compares to other companies.

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This page (NYSE:ET) was last updated on 11/25/2024 by MarketBeat.com Staff

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Energy Transfer (ET) Stock Forecast & Price Target