Raymond James analyst Justin Jenkins maintained a Buy rating on Energy Transfer (NYSE:) LP on Wednesday, setting a price target of $13, which is approximately 33.06% above the present share price of $9.77.
Jenkins expects Energy Transfer LP to post earnings per share (EPS) of $1.22 for the third quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Energy Transfer, with an average price target of $13.88.
The analysts price targets range from a high of $18 to a low of $12.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $17 billion and a net profit of $4.07 billion. The company’s market cap is $26.42 billion.
According to TipRanks.com, Raymond James analyst Justin Jenkins is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.4% and a 58.31% 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.
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Read More: Raymond James Stick to Their Buy Rating for Energy Transfer LP By Investing.com