Evercore ISI analyst Todd Firestone maintained a Buy rating on Energy Transfer (NYSE:) LP on Friday, setting a price target of $14, which is approximately 70.11% above the present share price of $8.23.
Firestone expects Energy Transfer LP to post earnings per share (EPS) of $0.20 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Energy Transfer, with an average price target of $14.2.
The analysts price targets range from a high of $15 to a low of $13.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $16.66 billion and a net profit of $1.44 billion. The company’s market cap is $22.27 billion.
According to TipRanks.com, Evercore ISI analyst Todd Firestone is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 6.6% and a 42.11% success rate.
Energy Transfer LP provides pipeline transportation and transmission services. Its projects include Marcus Hook Industrial Complex, Mariner east Pipelines, Mont Belvieu facility, Lone Star Express Expansion, Bakken Pipeline and Lake Charles LNG. Energy Transfer was founded in September 2002 and is headquartered in Dallas, TX.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: Evercore ISI Stick to Their Buy Rating for Energy Transfer LP By Investing.com