ET stock: buy or sell

ET stock price: $8.12 6.28% At close on Mar 1st, 2021

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

Energy Transfer analysts' ratings - Last month
Brokerage firmRating
Feb 22nd, 2021
Piper Sandler NeutralBuy
Feb 25th, 2021
UBS Group Strong buy
Mar 1st, 2021
Credit Suisse Group Buy
Piper Sandler NeutralBuy

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

ET stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $8.39 (3.33% above)
  • R2: $8.68 (6.90% above)
  • R3: $8.83 (8.74% above)
  • The current support levels are:

  • S1: $7.97 (-1.85% below)
  • S2: $7.89 (-2.83% below)
  • S3: $7.11 (-12.44% below)
  • 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

    ET stock Bollinger Bands chart

    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

    ET stock RSI chart

    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

    ET stock price history chart

    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%.

    Energy Transfer stock price predictions
    Brokerage firmPrice 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

    ET performance compared
    Company1m3m6m
    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 only

    ET summary

    Monday, March 1st, 2021
    Open$7.95
    Close$8.12
    Day range$7.83 - $8.14
    Previous close$7.64
    Session gain6.28%
    Average true range$0.44
    50d mov avg$6.68
    100d mov avg$6.23
    200d mov avg$6.29
    Earnings dateMay 10th, 2021

    Frequently asked questions

    What is Energy Transfer stock symbol?

    Energy Transfer LP is a public company trading in the US stock market with the ET symbol

    Is Energy Transfer stock a buy or sell?

    Energy Transfer received 4 ratings in the last 30 days: 4 bullish, 0 bearish and 0 neutral.

    Will ET go up?

    Energy Transfer had different price forecasts posted by analysts in the last 30 days forecasting the target price to $11.25. That is a 38.55% than the last price ($8.12).