Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
I previously argued for a bullish thesis on ET stock based on the growth potential added by the acquisition of Crestwood Equity Partners. Here, I will add another catalyst as the power demands of AI-related technology have come into focus. Natural gas is the largest energy source of U.S. electricity generation.
In the most recent trading session, Energy Transfer LP (ET) closed at $16.40, indicating a +0.12% shift from the previous trading day.
Energy Transfer LP (ET) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Energy Transfer LP (ET) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
24/7 Wall Street Insights Cutting edge innovations and new energy prospects on the geopolitical front have prompted bullish recommendations from numerous analysts for this stock.
Energy Transfer recently closed its nearly $3.3 billion acquisition of WTG Midstream. The MLP also recently formed a joint venture with affiliate Sunoco.
Energy Transfer's (ET) rising earnings estimates, acquisition in the Midland Basin and accretive JV in the Permian Basin are likely to propel the stock higher from the current levels.
In the most recent trading session, Energy Transfer LP (ET) closed at $16.11, indicating a -1.53% shift from the previous trading day.
Energy Transfer (ET) completes the acquisition of WTG Midstream through cash and by issuing common units. This acquisition will further expand the firm's midstream operation in the Midland Basin.