Energy Transfer LP’s stock price is expected to increase by 2.8% in the short-term and long-term. 🟢🟢
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StockAI’s analysis delivers real-world results. On 08 February 2024, $ET ($13.85), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $15.6 (🟢12.6%). Buying ET on this signal yielded a +12.6% profit 💰💰.
ET-Energy Transfer LP News
🟢 Energy Transfer LP reported net income of $1.24 billion for the quarter, showing strong financial performance.
🔴 US Capital Advisors lowered Q2 2024 EPS estimates for Energy Transfer, sparking concerns among investors.
🟢 Stifel Nicolaus raised their price target on the stock to $19.00, indicating bullish sentiment.
🔴 Choreo LLC increased their position in Energy Transfer by 73.6%, possibly signaling uncertainty in the market.
🟢 Energy Transfer hit a new 52-week high, showcasing positive momentum in the stock price.
🔴 US Capital Advisors dropped Q1 2024 earnings estimates for Energy Transfer, leading to potential downward pressure on the stock.
Energy Transfer LP stock has been experiencing a mix of positive and negative news recently, impacting its price movements. The company’s strong financial performance and new 52-week high have driven bullish sentiment among investors, leading to a potential price increase. However, concerns raised by analysts lowering EPS estimates for future quarters and uncertainties surrounding increased positions by certain entities may contribute to downward pressure on the stock price. Investors should closely monitor these developments and consider the overall market sentiment when making investment decisions related to Energy Transfer LP.
ET-Energy Transfer LP Analyst Ratings
Analyst Ratings for Energy Transfer LP Stock:
📉 US Capital Advisors lowered their Q2 2024 EPS estimates for Energy Transfer.
📉 US Capital Advisors dropped their Q1 2024 earnings estimates for Energy Transfer.
📈 Stifel Nicolaus raised their price target on Energy Transfer stock from $18.00 to $19.00.
📈 UBS Group raised their price target on Energy Transfer stock from $23.00 to $24.00.
Sources:
– ETF Daily News – Q2 2024 EPS Estimates
– ETF Daily News – Q1 2024 EPS Estimates
– ETF Daily News – Analyst Upgrade
– ETF Daily News – Analyst Upgrade
– ETF Daily News – Analyst Position
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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