|Bid||14.10 x 4000|
|Ask||14.58 x 1000|
|Day's Range||14.13 - 14.78|
|52 Week Range||12.80 - 19.34|
|Beta (3Y Monthly)||2.39|
|PE Ratio (TTM)||12.86|
|Earnings Date||Feb 19, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||1.22 (8.56%)|
|1y Target Est||21.88|
According to the GuruFocus All-in-One Screener, the following companies have high business predictability ratings and a wide margin of safety. The company has a business predictabilty rating of 3.5 out of five stars and, according to the discounted cash flow calculator, a 16% margin of safety at $172 per share. The provider of software-defined application services has a market cap of $10.59 billion.
Energy Transfer LP today announced that its subsidiary, Sunoco Pipeline L.P. , launched a binding open season to solicit shipper commitments for transportation service of C3+ from the Marcellus/Utica play in Pennsylvania to destination facilities in Claymont, Delaware and Marcus Hook, Pennsylvania, through the Mariner East pipeline system.
Energy Transfer LP representatives are heading to Pennsylvania's capital on Thursday for a hearing before utility regulators to defend the company's plan to put the Sunoco Mariner East 2 natural gas liquids pipe into service by year end. Energy Transfer wants to temporarily connect an existing 1930s-era 12-inch (30.5 centimeter) pipe to the parts of its long-delayed 20-inch Mariner East 2 pipeline that it has already completed so it can start transporting liquids for customers. When Energy Transfer first started working on the $2.5 billion project in February 2017, it had planned to put the 350-mile (563-kilometer) pipe into service in the third quarter of 2017.
North Dakota's daily crude production in September broke the previous all-time high set in August, while natural gas output and producing wells also hit records.
Energy Transfer (ET) stock has a median target price of $22.31—compared to its current market price of $14.42, which implies a healthy estimated upside of 55% for the next 12 months.
Energy Transfer LP and its Sunoco pipeline subsidiary have racked up more than 800 state and federal permit violations while racing to build two of the nation's largest natural gas pipelines, according to a Reuters analysis of government data and regulatory records. The pipelines, known as Energy Transfer Rover and Sunoco Mariner East 2, will carry natural gas and gas liquids from Pennsylvania, Ohio and West Virginia, an area that now accounts for more than a third of U.S. gas production. Reuters analyzed four comparable pipeline projects and found they averaged 19 violations each during construction.
In this part, we’ll discuss how institutional investors played Energy Transfer (ET) stock in the third quarter. According to a recent 13F filing, Harvest Fund Advisors increased its stake by adding net 1.9 million shares of Energy Transfer in the third quarter. Harvest Fund Advisors held an ~1.9% stake in Energy Transfer as of September 30.
Energy Transfer (ET) stock seems to be trading at a discounted valuation compared to its five-year historical average. The stock is trading at a forward enterprise value-to-EBITDA multiple of 11x based on the estimated earnings for the next year. Energy Transfer’s historical average valuation is near 16x. Peers’ average valuation is close to 10x. So, the stock looks expensive compared to its peers. However, Energy Transfer’s strong expected growth above 13% next year likely justifies the premium valuation.
Recently, Energy Transfer (ET) stock was weak. The stock has fallen almost 20% since early October when crude oil prices started sliding from their peaks. The supply glut and geopolitical tensions have pulled oil prices down more than 30% in the last two months.
On November 19, U.S. Capital Advisors raised its rating for Targa Resources (TRGP) to “overweight” from “hold.” However, U.S. Capital Advisors cut its target price for the stock from $61 to $59. Among the 22 Reuters-surveyed analysts covering Targa Resources, eight rated the stock as a “strong buy,” six rated it as a “buy,” and eight rated it as a “hold.”
Crude oil prices fell more than 10% in the week ending November 23. The top midstream companies followed, even though the fall was less compared to the fall in oil prices. The Alerian MLP Index fell 3.3% for the week. In comparison, the Energy Select Sector SPDR ETF (XLE) fell 4.9%.
Energy Transfer’s (ET) MLP subsidiary, Sunoco (SUN), is trading at a high yield of 12%. Sunoco hasn’t raised its distributions for the last nine quarters. As the above graph shows, Sunoco has fallen ~7% year-to-date, outperforming the Alerian MLP ETF (AMLP).
Energy Transfer (ET) paid a per-unit distribution of $0.305 for Q3 2018, which implies a yield of ~8.3%, based on Energy Transfer’s current stock price. Though Energy Transfer Partners’ unitholders had to take an effective distribution cut after the merger with Energy Transfer Equity, Energy Transfer’s yield looks attractive currently. Energy Transfer’s distribution coverage ratio, pro forma for the Energy Transfer Partners-Energy Transfer Equity merger, was 1.73x for Q3 2018.
Energy MLPs had been a favorite for income-seeking investors for nearly two decades. The challenges following the slump in oil prices in 2014–2015 took the wind out of this sector, though. However, as the sector consolidates and companies find ways to survive and grow in the new environment, some interesting opportunities seem to be available for investors. The Alerian MLP Index, a benchmark index for energy MLPs, is trading at a yield of ~8.1%. That’s ~5% higher than the US ten-year Treasury yield.
In this series, we are looking at institutional activity in the top midstream companies during the third quarter. Most of the institutional investors raised their stakes in Energy Transfer (ET) during the third quarter. According to a recent 13F filing, Harvest Fund Advisors increased its stake by adding net 1.9 million shares of Energy Transfer in the third quarter. Harvest Fund Advisors held an ~1.9% stake in Energy Transfer as of September 30.
DALLAS , Nov. 19, 2018 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") announced today that it has further extended the expiration date for its previously announced exchange offers relating ...
Tonja De Sloover is the assistant general counsel and head of litigation at Dallas-based Energy Transfer Partners, one of the largest oil and gas pipeline companies in the U.S. She is in charge of some of the biggest and most complex corporate lawsuits pending in the U.S. court system
According to Wall Street analyst estimates, Energy Transfer (ET) stock has a median price target of $22.33, compared to its current market price of $14.93, which implies an upside potential of 50% over the next 12 months. Morgan Stanley raised ET’s price target from $23.0 to $25.0 on November 9. Sixteen Wall Street analysts currently follow Energy Transfer stock. Six have given the stock “strong buy” ratings while eight have given it “buy” ratings.
Energy Transfer (ET) stock is currently trading at $14.93, approximately 11% below its 50- and 200-day moving averages. The significant discount to both these moving averages suggests weakness in the stock. A level around $16.80 could act as resistance for the stock. ET bounced back, reaching a support level of ~$14.80 in late October. So this level might also be crucial for Energy Transfer stock.
Energy Transfer (ET) stock is currently trading at a forward enterprise value–to–EBITDA multiple of 12x, based on its expected 2019 earnings. Its five-year historical average valuation is over 16x. Peers’ average is close to 10x. So Energy Transfer stock seems to be trading at a premium valuation to its peers, and it seems inexpensive compared to its historical average. Although Energy Transfer stock looks expensive, its robust expected growth of above 15% next year likely justifies the premium valuation.
DALLAS , Nov. 15, 2018 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") announced today the execution of a definitive agreement to purchase the refined products terminalling business from American ...
Energy Transfer’s (ET) leverage position has improved over the last few quarters despite an increase in total debt. At the end of September 30, it had net debt of $44.4 billion—a 1.4% increase compared to its net debt at the end of 2017.
Energy Transfer (ET) reported higher earnings in the third quarter from all of its segments. Its biggest segment—Crude Oil Transportation—reported adjusted EBITDA of $682 million, compared to $420 million in the third quarter last year, an increase of 62% YoY (year-over-year). In the first and second quarters, the segment reported EBITDA growth of 148% and 140%, respectively. The segment’s earnings increased in the third quarter mainly due to higher throughput volumes, driven by higher production in West Texas. The segment accounts for more than 30% of Energy Transfer’s total earnings.
NEW YORK, Nov. 14, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.