ET stock: buy or sell
Updated on:
Mar 2nd, 2021
2
ET stock brief
- Energy Transfer closed on Monday at $8.12 after skyrocketing a 6.28%.
- The price is currently higher than the upper Bollinger band, which often indicates a near-term correction
- The stock is configuring an uptrend pattern since November 2020, when it bottomed at $4.73. Up to date, the uptrend made a 71.67% profit since the beginning of this rally
- Credit Suisse Group and Piper Sandler posted buy ratings for Energy Transfer on Monday, with an average target of $10.00
- Energy Transfer presented its financial report on February 17
- 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?
Currently, Energy Transfer stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $ET in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Energy Transfer stock?
Knowing when to sell a stock is even harder than knowing when to buy it. As when we have to buy shares, determining when is appropiate to sell is not a haphazard decision, and we must use our own trading style. We like very simple setups to guide us on when is the best moment to sell our shares. Be aware that these setups are not intended for shorting Energy Transfer stock
A golden rule is that you must never hold an operation that shows a higher than expected losses at the time of purchase. The moment to sell shares should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Energy Transfer stock?
In the current situation of Energy Transfer there is not any eligible sell setup, so Energy Transfer stock holders with operations in green can keep their positions
Energy Transfer ratings
In the last 30 days, 4 brokerage ratings were published for Energy Transfer. General sentiment is bullish, with 4 out of 4 posting optimistic forecasts
| Brokerage firm | Rating |
|---|---|
| Feb 22nd, 2021 | |
| Piper Sandler | Neutral → Buy |
| Feb 25th, 2021 | |
| UBS Group | |
| Mar 1st, 2021 | |
| Credit Suisse Group | Buy |
| Piper Sandler | Neutral → Buy |
Energy Transfer stock analysis
Energy Transfer stock started an uptrend in November 2020, and grew a gorgeous 71.67%. During this uptrend, the price gave some buy points on the breakouts. Latest pullback was last January, when price bounced at $6.10. Like in all uptrends, price needs to take breath and currently price is moving in a range between $8.39 and $6.10
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Price levels both above or below the Bollinger Bands signal that the price has followed a strong trend that has led to extreme highs or lows. In this case, the price is above the upper band, and that should mean a short-term corrective movement (at least) until it is under the band
Relative strength index
The RSI dropped below the overbought level of 70 last Friday after just crossing to the overbough zone for a single day (weak signal). The RSI value on Monday was 68.96
Energy Transfer stock price history
Energy Transfer started trading priced at an adjusted price1 of $2.15 on Feb 2006. Since then, ET stock has risen by 277.67%, with an average of 18.51% per year. If you had invested thousand dollars in Energy Transfer stock at that time, it would worth $3,776.74 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Energy Transfer stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.
The following table shows the price target posted by financial institutions over the last 30 days. Again, these predictions are not direct recommendations for small investors and must not be followed blindly.
There are 4 price predictions published for Energy Transfer that average $11.25. Energy Transfer closed at $8.12 on Monday, so the target price is expecting a growth by 38.55%.
| Brokerage firm | Price target |
|---|---|
| Feb 22nd, 2021 | |
| Piper Sandler | $7.00 → $9.00 |
| Feb 25th, 2021 | |
| UBS Group | $15.00 → $16.00 |
| Mar 1st, 2021 | |
| Credit Suisse Group | $10.00 → $11.00 |
| Piper Sandler | $7.00 → $9.00 |
Earnings and financials
On February 17, Energy Transfer LP ($ET) posted adjusted EPS for that considerably undercut Wall St. expectations. Quarterly EPS was $0.19 per share versus the estimated $0.26. This Q4 report represents an earnings surprise of -26.92%. Forecasted turnover for this quarter was $10.4 billion but Energy Transfer slightly undercut by 3.61%, posting $10.0 billion.
Same quarter one year ago, reported EPS was $0.38, so recently reported EPS is a reduction of -50.00%. Revenue tanked a -26.87% on an annualized basis in the , from $137.2B to $100.3B last quarter.ET ($ET) is hosting the quarterly earnings call next May. Estimated for this quarter is $0.26, compared to $0.19 that was reported for Q4.
Energy Transfer performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Energy Transfer ($ET) | 29.30% | 27.90% | 32.70% |
Disclaimer:
The opinions contained in this article are personal and not recommendations for you to buy or sell shares. The author of this report does not know the specific situations of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for informational motives onlyET summary
| Monday, March 1st, 2021 | |
|---|---|
| Open | $7.95 |
| Close | $8.12 |
| Day range | $7.83 - $8.14 |
| Previous close | $7.64 |
| Session gain | 6.28% |
| Average true range | $0.44 |
| 50d mov avg | $6.68 |
| 100d mov avg | $6.23 |
| 200d mov avg | $6.29 |
| Earnings date | May 10th, 2021 |