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Energy Transfer (ET) Is Expected A Long-Term Growth, Should You Invest? – Own Snap


Over the past 5 days, Energy Transfer (ET) stock has dropped by 2% falling from $10.91 to $10.62. For the upcoming quarter, analysts are expecting earnings of $0.24 per share, which would represent year-over-year growth of 84.62%. For the full year,  Energy Transfer is expected to projecting a profit of $2.13 per share and revenue of $61.99 billion, which would represent a change of +987.5% from the prior year.
Energy Transfer Partners LP is a transportation company that transports natural gas and propane. As of June 2021, its stock price is up by 40.82% year-over-year. In Q1 2021, Miller/Howard Investments mentioned Energy Transfer LP in its letter. The firm noted that ET’s robust performance has helped boost its overall returns since the beginning of the year.

Miller/Howard said that another up-and-coming name was Energy Transfer (ET), whose stock was selling at a discount to the portfolio, Further, ET’s ample FCF should allow it to exceed its current distribution even if the pipeline carrying Dakota Access is temporarily shut down.

Energy Transfer (ET) Is Expected A Long-Term Growth, Should You Invest?
Finance and Entertainment Reporter

Richard is a bottle of wine – the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.


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2021-07-01 02:00:00

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