ET - Energy Transfer LP
| Previous Close | 13.58 |
| Open | 13.68 |
| Bid | 13.71 x 3200 |
| Ask | 13.74 x 4000 |
| Day's Range | 13.59 - 13.79 |
| 52 Week Range | 11.68 - 18.17 |
| Volume | 11,418,848 |
| Avg. Volume | 10,789,377 |
| Market Cap | 36.042B |
| Beta (3Y Monthly) | 1.29 |
| PE Ratio (TTM) | 11.08 |
| EPS (TTM) | 1.24 |
| Earnings Date | Nov 5, 2019 - Nov 11, 2019 |
| Forward Dividend & Yield | 1.22 (8.98%) |
| Ex-Dividend Date | 2019-08-05 |
| 1y Target Est | 21.11 |
- Market Realist
Where Energy Transfer Stock Could Be Headed Now
Energy Transfer (ET) stock has recovered in the last two trading sessions after investors hammered it on its plans to acquire SemGroup (SEMG).
- PR Newswire
SHAREHOLDER ALERT: WeissLaw LLP Investigates the SemGroup Corporation
NEW YORK , Sept. 17, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of the SemGroup Corporation ("SemGroup" or ...
- Zacks
Energy Transfer LP (ET) Stock Sinks As Market Gains: What You Should Know
Energy Transfer LP (ET) closed the most recent trading day at $13.28, moving -1.1% from the previous trading session.
- Zacks
Oil & Gas Stock Roundup: Energy Transfer's Acquisition, ExxonMobil's Guyana Oil Find & More
Midstream biggie Energy Transfer (ET) said on Monday it would buy SemGroup (SEMG) for $5.1 billion. Meanwhile, supermajor ExxonMobil (XOM) confirmed its 14th oil discovery off the coast of Guyana.
- Zacks
Stock Market News For Sep 17, 2019
Benchmarks closed in the negative territory on Monday after oil prices soar due to attack on Saudi oil production facilities.
- Zacks
Energy Transfer Boosts Midstream Services Via SemGroup Buyout
Energy Transfer's (ET) acquisition of SemGroup will make it a stronger midstream service provider in the United States.
- Zacks
SemGroup Shares Surge on Takeover Deal by Energy Transfer
On the deal's conclusion, SemGroup (SEMG) shareholders are likely to own nearly 2.2% of Energy Transfer's outstanding common units.
- Bloomberg
Kelcy Warren Misses Out on Oil Rally as Investors Punish Deal
(Bloomberg) -- On a day when the biggest oil rally in more than a decade boosted most U.S. energy stocks, billionaire Kelcy Warren’s plan to acquire a rival wiped out $1.5 billion of his pipeline giant’s market value.Energy Transfer LP’s announcement Monday that it agreed to purchase SemGroup Corp. sent the buyer’s units falling the most in a month. Energy investors have been increasingly restive with anything short of strict financial discipline.The $17-a-share offer represents a 65% premium to SemGroup’s closing price Friday, according to a statement. The value of the $1.35 billion cash-and-stock deal rises to $5 billion with the inclusion of debt. SemGroup soared 61% on Monday while its suitor fell 4.2%.For deal-hungry Warren, the transaction is his latest run at a consolidation spree that included last year’s pursuit of NuStar GP Holdings LLC, which fizzled when the target rebuffed the approach.Energy Transfer was one of the only pipeline operators to fall on a day when oil prices surged the most in a decade after an attack at a Saudi Arabian crude-processing facility.The “acquisition this morning represents a sharp reversal from recent messaging on portfolio management, capital discipline and accelerated deleveraging,” Tudor Pickering Holt & Co. analysts said in a note to clients.Investors have been similarly harsh on other notable energy deals this year. Occidental Petroleum Corp. and Callon Petroleum Co. plunged after announcing deals to buy Anadarko Petroleum Corp. and Carrizo Oil & Gas Inc., respectively.Both buyers now have disgruntled billionaires knocking at the door: Carl Icahn is pushing Occidental to sell the combined company, while John Paulson is urging Callon to scrap the deal and put itself up for sale.Energy Transfer is unlikely to draw an activist investor given its structure as a master limited partnership, a model employed by many pipeline companies that shields investors from certain taxes but also comes with fewer rights for common unitholders.Not all analysts disliked the SemGroup deal. While Sanford C. Bernstein’s research team said investors will likely be “disappointed,” analysts led by Jean Ann Salisbury said they “don’t see this deal as a disaster” because $170 million in cost savings Energy Transfer is eyeing are “doable.”‘A Lot of Frogs’Warren -- who built his empire scooping up small pipeline companies as the shale boom exploded -- first signaled he could resume buying in August 2018. That was just eight days after the company announced a streamlining move in part meant to improve stock performance.“We kiss a lot of frogs looking for a prince,” Warren said on a conference call in November. “We are working it hard. I will tell you, though, we are not finding any deals.”Dealmaking has been a touchy subject for Warren ever since Energy Transfer walked away from a $33 billion agreement to buy Williams Cos., which would have been its biggest acquisition yet.SemGroup’s crude and products terminal on the Houston Ship Channel is likely the driver behind Energy Transfer’s decision to buy the company, Wells Fargo Securities’ Michael Blum said in a note Monday. Still, “many of the other assets don’t seem to fit ET’s footprint and are of lower quality and we wouldn’t be surprised to see ET divest some of the assets,” he said.Energy Transfer is already looking to sell a 33% stake in its Rover pipeline that carries Appalachian natural gas to customers across the Midwest, people familiar with the matter said in July.“From ‘30,000 feet,’ in a market where investors are pushing companies to reduce spending and leverage and increase free cash flow, we’re not sure the optics of this deal will be met with enthusiasm,” Blum wrote of the SemGroup acquisition.No CallEnergy Transfer is likely to “face investor scrutiny around the asset mix and the merits of the transaction, though at first glance, it passes our litmus test on accretion,” Citigroup Inc. analyst Timm Schneider wrote in a note to clients.“We wish we could ask some questions, but there is no conference call,” Schneider said.While Energy Transfer is offering a big takeover premium, Tulsa-based SemGroup has seen its stock fall by more than half in the last year. The company had previously worked with an adviser on alternative options to raise capital, people familiar with the matter said earlier this year.For SemGroup, the deal offers “a nice exit ramp for the company following a strategic review that could have gone in many directions,” Wells Fargo’s Blum said.Jefferies LLC acted as exclusive financial adviser to SemGroup, while Bank of America Merrill Lynch advised Energy Transfer.To contact the reporter on this story: Rachel Adams-Heard in Houston at radamsheard@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- GlobeNewswire
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of SemGroup Corporation to Energy Transfer LP is Fair to Shareholders
NEW YORK, Sept. 16, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased SemGroup Corporation.
- PR Newswire
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of SemGroup Corporation
NEW YORK , Sept. 16, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against SemGroup Corporation (NYSE: SEMG) and its board of directors for breach of fiduciary duty concerning ...
- American City Business Journals
Energy Transfer to acquire SemGroup in $5B deal
Energy Transfer announced plans to purchase SemGroup Corp. (NYSE: SEMG) in a move that's expected to increase the company's scale and connectivity across multiple regions.
- Benzinga
Energy Transfer To Buy SemGroup In $5B Deal
Energy Transfer LP (NYSE: ET) said Monday that it has entered an agreement to acquire SemGroup Corp (NYSE: SEMG) in a unit and cash transaction valued at $5.1 billion, including the assumption of debt and other liabilities. The transaction values SemGroup at $17 per share and represents a 65% premium to SemGroup's closing share price of $10.28 on Sept. 13 and an 87% premium to SemGroup's 20-day volume weighted average price as of the same date. Upon closing of the deal, SemGroup shareholders are expected to own approximately 2.2% of Energy Transfer’s outstanding common units.
- Reuters
UPDATE 1-Energy Transfer to buy SemGroup for $1.35 bln, announces new pipeline
Oil and gas pipeline company Energy Transfer LP said on Monday it would buy smaller rival SemGroup Corp for $1.35 billion and build a 75-mile oil pipeline to strengthen its oil transportation, terminalling and export operations. Energy Transfer will gain control of SemGroup's crude oil terminal on the Houston Ship Channel, and to connect it with its Nederland, Texas terminal, Energy Transfer said it will construct a pipeline between the two terminals. Energy Transfer will also add SemGroup's crude oil gathering assets in the DJ Basin in Colorado and the Anadarko Basin in Oklahoma and Kansas, as well as crude oil and natural gas liquids pipelines connecting the DJ Basin and Anadarko Basin with terminals in Cushing, Oklahoma.
- MarketWatch
SemGroup's stock rockets after buyout deal with Energy Transfer valued at $5.1 billion, including debt
Shares of SemGroup Corp. rocketed 63% toward a 7-month high in premarket trading Monday, after the oil and gas pipeline and processing plant company agreed to be acquired by Energy Transfer LP in a deal that values SemGroup at about $1.35 billion. The total consideration of the cash-and-stock deal, including debt is valued at $5.1 billion. Under terms of the deal, SemGroup shareholders will receive $6.80 in cash and 0.7275 Energy Transfer shares for each SemGroup share they own, which based on Friday's closing prices values SemGroup shares at $17 each, or a 65% premium. Energy Transfer's stock gained 2.2% ahead of the open. The deal is expected to close by late 2019 or early 2020. "SemGroup has been exploring a range of strategic alternatives aimed at increasing shareholder value, and determined that this combination with ET is in the best interests of shareholders--providing immediate value, a significant premium, and opportunity to participate in the future upside of the combined business," said SemGroup Chief Executive Carlin Conner. Year to date, SemGroup shares had dropped 25.4% through Friday and ET's stock has gained 6.1%, while the Dow Jones Industrial Average has advanced 16.7%.
- GlobeNewswire
SemGroup to be Acquired by Energy Transfer in $5 Billion Transaction
Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of both companies, SemGroup shareholders will receive $6.80 per share in cash and 0.7275 of an ET common unit for each SemGroup share, or approximately 40% cash and 60% equity. The equity consideration received is expected to be treated as a tax-free transaction.
- Business Wire
Energy Transfer to Acquire SemGroup in $5 Billion Transaction
Energy Transfer LP (ET) (“ET” or “Energy Transfer”) today announced that it has entered into a definitive merger agreement whereby Energy Transfer will acquire SemGroup Corporation (SEMG) (“SemGroup”) in a unit and cash transaction valued at $17 per share, or a total consideration including the assumption of debt of approximately $5 billion, based on the closing price of ET common units on September 13, 2019. The merger consideration consists of $6.80 in cash and 0.7275 of an ET common unit for each outstanding share of Class A Common Stock of SemGroup, or 40% cash and 60% equity.
- TheStreet.com
SemGroup Soars After Agreeing to Be Acquired by Energy Transfer
SemGroup agrees to be acquired by Energy Transfer in a transaction that prices the Tusla, Oklahoma-based Semgroup at about $1.35 billion.
- Rigzone.com
Energy Transfer to Buy SemGroup in $5B Deal
Energy Transfer LP plans to acquire Tulsa, Okla.-based SemGroup Corp. in a deal worth about $5 billion, including debt.
- Zacks
Is Energy Transfer LP (ET) Stock Undervalued Right Now?
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.
- Market Realist
Energy Transfer Stock Up on Rover Stake Sale Hint
Energy Transfer stock rose about 4% on Monday after Italy’s Snam reportedly showed interest in its Rover pipeline stake. Energy Transfer is up just 5% YTD.
- Motley Fool
3 Top Oil Stocks to Buy in September
After selling off in recent months due to slumping oil prices, these stocks offer higher yields and even more compelling valuations.
- Reuters
Exclusive: Italy's Snam seeks U.S. footprint with bid for Midwest gas pipeline - sources
MILAN/LONDON/NEW YORK (Reuters) - Italy's Snam is working on a bid for a stake in a $6 billion natural gas pipeline in the United States in what would be the gas group's first foray outside Europe, four sources told Reuters. The Milan-based company, controlled by state lender Cassa Depositi e Prestiti, is carrying out due diligence to buy a 33% stake sold by Energy Transfer LP in its Rover pipeline, one of the sources said. The 713-mile Rover pipeline can carry 3.25 billion cubic feet of gas daily from the Marcellus and Utica shale plays in Appalachia.
- Reuters
Shell delays U.S. Lake Charles LNG export project to 2025
Royal Dutch Shell, one of the world's largest liquefied natural gas (LNG) suppliers, has asked U.S. regulators to extend the time by which it should complete an LNG export project in Louisiana by five years to 2025, regulatory filings showed. The project, a 50-50 venture with U.S. midstream company Energy Transfer, envisaged converting an existing import and regasification facility in Lake Charles into a multi-train, 16.45 million tonnes per year (mtpa) facility. The delay takes a major U.S. export project out of the race to achieve a final investment decision (FID) in time to start operations during an anticipated supply downturn in 2023-2024.
- Market Realist
Energy Transfer Seeks Lake Charles Terminal Extension
Energy Transfer requested a five-year extension to build its proposed Lake Charles LNG export terminal. The company plans to develop the project by 2025.
- Zacks
Here's Why You Should Avoid Betting on RPC (RES) Stock Now
Rising cost of revenues and lower demand for services are causes of concern for RPC (RES).
