US Capital Advisors Brokers Lift Earnings Estimates for Energy Transfer LP Unit (ET)

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Energy Transfer LP Unit (NYSE:ET) – Equities research analysts at US Capital Advisors boosted their Q1 2019 EPS estimates for Energy Transfer LP Unit in a report issued on Wednesday, April 17th. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will post earnings of $0.32 per share for the quarter, up from their previous forecast of $0.31. US Capital Advisors also issued estimates for Energy Transfer LP Unit’s Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.34 EPS, FY2019 earnings at $1.31 EPS, Q3 2020 earnings at $0.36 EPS, Q4 2020 earnings at $0.35 EPS and FY2020 earnings at $1.37 EPS.

ET has been the subject of a number of other research reports. Raymond James raised shares of Energy Transfer LP Unit from an “outperform” rating to a “strong-buy” rating in a report on Tuesday. Evercore ISI initiated coverage on shares of Energy Transfer LP Unit in a report on Tuesday, February 5th. They set an “outperform” rating for the company. TheStreet raised shares of Energy Transfer LP Unit from a “c+” rating to a “b” rating in a report on Thursday, February 21st. ValuEngine lowered shares of Energy Transfer LP Unit from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 target price on shares of Energy Transfer LP Unit in a report on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $19.20.

Shares of NYSE ET opened at $15.34 on Thursday. The firm has a market capitalization of $40.21 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.45 and a beta of 1.75. The company has a quick ratio of 0.54, a current ratio of 0.73 and a debt-to-equity ratio of 1.41. Energy Transfer LP Unit has a one year low of $11.68 and a one year high of $19.19.

Energy Transfer LP Unit (NYSE:ET) last issued its quarterly earnings results on Wednesday, February 20th. The pipeline company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). The company had revenue of $13.57 billion during the quarter, compared to analysts’ expectations of $14.67 billion. Energy Transfer LP Unit had a return on equity of 6.15% and a net margin of 3.18%. Energy Transfer LP Unit’s revenue was up 18.5% on a year-over-year basis.

Energy Transfer LP Unit Company Profile

Energy Transfer LP provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines. The company 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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