- Energy Transfer can give benefits of both the dividend and the advance in share price.
- The company yield a dividend of 9.12% in the year 2022.
Founded by Kelcy Warren and Ray Davis in 1995, ET is a company that operates in the industrial services sector, specifically in the oil and gas pipelines industry. The company has over 12,000 employees and is based in the United States.
The company has 3.143B shares that are available for trading in the market, and its average volume is 11.17M. The ET share saw a huge increase of +7,517.4%, reaching $3.50B, and earned a return of 19.2% on invested capital. The year-on-year change in the second quarter of 2023 was 3.9%.
The market cap of Energy Transfer LP is $42.622B and its PE ratio is 11.26, which indicates that the stock is valued highly by traders and investors. The stock has a basic EPS of $1.21 and a beta of 0.78, which implies that the stock price is stable and less volatile than the market.
Energy Transfer Performance Analysis
The company’s revenue in 2022 was $89.88B, but its profit margin decreased from the previous year to 5.29%. The net income of the company was $4.75B, but it also had a debt of $49.11B in the same year. The gross profit of the company was 10% of its revenue.
ET Share Technical Analysis
a by writer11_gsm on TradingView.com
The ET stock has been rising steadily from the lower levels, creating new higher highs and showing a bullish market structure. The stock has formed a rising wedge pattern and is still trading within the same pattern.
The share price is above the 50-day and 200-day EMA, which have formed a golden cross. This shows that the market is dominated by buyers.
The RSI of the ET share is in a consolidation phase for a long time, showing no clear trend for the stock. The RSI needs to reach the overbought or oversold zone to indicate a possible direction for the stock
Technical Overview of ET Stock
The share shows a bullish trend based on the moving averages and the oscillators. The financial experts also have a positive outlook on the share based on the company’s fundamentals.
Conclusion
The company’s price has been rising steadily from the lower levels, moving within a rising wedge pattern. The EMA shows a bullish trend for the stock, but the RSI is not clear. The stock has good fundamentals for the long-term viability of the company. This means that the stock price could increase to higher levels if it breaks out of the rising wedge pattern.
Technical Levels
- The support levels for T Stock are – $9.50 and $11.50
- The resistance levels for T stock are – $ 15.80 and $19.00
Disclaimer
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.