|Bid||11.25 x 3000|
|Ask||11.28 x 1100|
|Day's range||11.12 - 11.32|
|52-week range||4.98 - 11.32|
|Beta (5Y monthly)||2.48|
|PE ratio (TTM)||8.74|
|Earnings date||03 Aug 2021 - 09 Aug 2021|
|Forward dividend & yield||0.61 (5.40%)|
|Ex-dividend date||10 May 2021|
|1y target est||12.94|
Energy Transfer LP (ET) could produce exceptional returns because of its solid growth attributes.
After a strong run-up in April, shares of Energy Transfer (NYSE: ET) rallied even higher and jumped 15% in the month of May, according to data provided by S&P Global Market Intelligence. Bumper first-quarter numbers coupled with rising oil prices fueled investor enthusiasm in the midstream oil and gas stock. Importantly, some of the things management highlighted during Energy Transfer's Q1 earnings call hint at higher potential returns for shareholders, which partly explains why the stock has continued to rally and is already up 10.5% in June so far.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.