ET stock: buy or sell
Updated on:
May 17th, 2021
1
ET stock brief
- Counting last Friday, it's been 3 consecutive sessions in positive for Energy Transfer. Price closed last Friday at $10.11 after moving up a 1.30%.
- The price is currently higher than the upper Bollinger band, which often indicates a near-term correction
- Credit Suisse Group and Wells Fargo & Company published hold ratings for Energy Transfer last Thursday, with an average forecast of $13.00
- Energy Transfer LP provides energy-related services.
Should I buy Energy Transfer stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $ET stock a buy?
In the current situation of Energy Transfer there is not any eligible buy setup. This doesn't mean we expect a selloff for $ET in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Energy Transfer stock?
When is it time to sell Energy Transfer?. Like when we have to buy shares, determining when is appropiate time to sell is not a random decision, and we must adhere our own trading strategy. When selling, as well as buying, our strategies are very simple to follow but are only valid for selling stocks in your porfolio, not for selling short Energy Transfer stock
As a golden rule, you should not keep an open trade that generates greater losses than those expected by the time of purchase. The timing to sell your stock must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Energy Transfer stock?
Currently, Energy Transfer stock doesn't match any of our preferred sell setups, so if you own Energy Transfer stock and your operation is in profit probably is not time to sell now
Energy Transfer ratings
In the last 30 days, 9 analyst ratings were published for Energy Transfer. General sentiment is bullish, with 5 out of 9 posting positive forecasts
| Brokerage firm | Rating |
|---|---|
| Apr 21st, 2021 | |
| Raymond James | Neutral |
| Apr 22nd, 2021 | |
| Evercore ISI | Neutral → Buy |
| Apr 28th, 2021 | |
| Evercore ISI | Neutral → Buy |
| Mizuho | |
| Wells Fargo & Company | |
| May 4th, 2021 | |
| Mizuho | |
| Wells Fargo & Company | |
| May 13th, 2021 | |
| Credit Suisse Group | Buy |
| Wells Fargo & Company | |
Energy Transfer stock analysis
Since in November 2020, Energy Transfer has been drawing an uptrend that by now marked an amazing 117.42%. During this uptrend, the price offered some buy points on the breakouts. Latest pullback was last March, when price bounced at $7.26. Energy Transfer broke out above $8.56 (its last top) on May 4. That breakout was a good buying opportunity that resulted in a 18.11% profit
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
When the price moves out of the band (above the upper line or below the lower line) it indicates that the stock is having a very strong momentum and therefore can correct the trend to the average. In this case, the price is beyond the upper band, and that should mean a short-term adjustment (at least) until it is under the band
Relative strength index
Broke through the 70 level last Friday, marking a reading of 79.02. Breaking out above the overbought zone is not a bearish signal, as stock price can be above 70 for many, many weeks and continue to gain
Energy Transfer stock price history
Energy Transfer went public priced at an adjusted price1 of $2.11 on Feb 2006. Since then, ET stock has risen by 379.15%, with an average of 25.28% per year. If you had invested $1,000USD in Energy Transfer stock at that time, it would worth $4,791.47 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Energy Transfer stock
Nobody knows how much a stock will be priced tomorrow. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, financial institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial data by the company, and usually. If you are a small trader you shouldn't invest based on these projections.
There are 7 price forecasts released for Energy Transfer that average $11.71. That is a 15.83% than the last price ($10.11).
| Brokerage firm | Price target |
|---|---|
| Apr 21st, 2021 | |
| Raymond James | $9.00 → $10.00 |
| Apr 22nd, 2021 | |
| Evercore ISI | $10.00 → $14.00 |
| Apr 28th, 2021 | |
| Evercore ISI | Not available |
| Mizuho | Not available |
| Wells Fargo & Company | $8.00 → $10.00 |
| May 4th, 2021 | |
| Mizuho | $12.00 |
| Wells Fargo & Company | $8.00 → $10.00 |
| May 13th, 2021 | |
| Credit Suisse Group | $11.00 → $13.00 |
| Wells Fargo & Company | $12.00 → $13.00 |
Earnings and financials
Last March, Energy Transfer ($ET) hosted the quarterly shareholders event and presented the report. ET missed Wall St estimates and reported of $0.13, that is a -18.75% worse than the estimates of $0.16. However, reported sales of $92.8 million were in line with market estimates.
Compared to the same quarter last year, EPS was $0.13, so posted EPS means 0.00%. Looking at revenues, figures barely moved compared to $99.6B year over year.ET ($ET) posts financial report next August.
Energy Transfer performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Energy Transfer ($ET) | 27.70% | 47.80% | 100.20% |
Please read:
The opinions published in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not have an understanding of the individual positions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for education motives onlyET summary
| Friday, May 14th, 2021 | |
|---|---|
| Open | $10 |
| Close | $10.11 |
| Day range | $9.88 - $10.36 |
| Previous close | $9.98 |
| Session gain | 1.30% |
| Average true range | $0.49 |
| 50d mov avg | $8.18 |
| 100d mov avg | $7.42 |
| 200d mov avg | $6.59 |
| Earnings date | August 4th, 2021 |