(ET) Energy Transfer - Ratings and Ratios

Energy Transfer LP is a diversified energy company that provides a range of services across the energy value chain in the United States. With a vast network of pipelines, storage facilities, and other infrastructure, the company is a critical player in the energy industry, facilitating the transportation, storage, and sale of various energy commodities, including natural gas, NGLs, crude oil, and refined products.

The companys extensive infrastructure includes over 12,200 miles of intrastate natural gas transportation pipelines, 20,090 miles of interstate natural gas pipelines, and 17,950 miles of crude oil trunk and gathering pipelines, as well as NGL pipelines, fractionation and storage facilities, and other assets. This infrastructure enables Energy Transfer to provide a range of services, including natural gas gathering, processing, and transportation, as well as crude oil transportation, terminalling, and marketing.

In addition to its core energy transportation and storage businesses, Energy Transfer also has investments in other energy-related companies, including Sunoco LP and USA Compression Partners, LP. The companys diverse business model and extensive infrastructure position it to benefit from growth in energy demand and provide a stable source of cash flows.

From a technical analysis perspective, Energy Transfers stock price is currently trading at $17.48, with support levels at $15.4 and $14.3, and resistance levels at $17.6, $18.1, $18.6, and $19.0. The stocks SMA20, SMA50, and SMA200 are $17.43, $17.24, and $17.28, respectively, indicating a relatively stable price trend. The ATR is 0.46, or 2.65%, indicating moderate volatility.

Using the available technical and fundamental data, a forecast for Energy Transfer LP can be made. With a P/E ratio of 13.34 and a forward P/E ratio of 11.20, the companys stock appears to be reasonably valued. The RoE of 12.99% indicates a decent return on equity. Given the current price trend and support and resistance levels, a potential price target for ET could be $18.6, representing a 6.4% increase from the current price. However, if the price breaks through the support level at $15.4, it could potentially decline further to $14.3. Therefore, a buy-and-hold strategy with a stop-loss at $15.4 could be a viable approach.