オプションチェーンは、Energy Transferの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、Energy Transferの市場センチメントを評価します。.

Energy Transfer (NYSE:ET) 株価情報, オプションチェーン

Energy Transfer

Energy Transfer owns one of the largest portfolios of crude oil, natural gas, and natural gas liquid assets in the US, primarily in Texas and the US midcontinent region. Its pipeline network totals 130,000 miles. It also owns gathering and processing facilities, one of the largest fractionation facilities in the US, fuel distribution assets, and the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.

Energy Transfer LP

INTEGRATED ENERGY TRANSITION ACQUISITION CORP.

ETAO INTL CO LTD by Etao International Co., Ltd.

Etao International Co Ltd

ENTERTAINMENT ARTS INC by Entertainment Arts, Inc.

Entertainment Arts Inc

Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance Tax-Managed Buy-Write Income Fund Common Shares of Beneficial Interest

Eaton Vance Tax-Managed Buy-Write Income Fund

EASTGATE BIOTECH CORP by Eastgate Biotech Corp.

Eastgate Biotech Corp

EVOLVE CRYPTOCURRENCIES ETF

Ethereum Classic - United States Dollar

ENVIRONMENTAL TECTONICS by Environmental Tectonics Corp.

Environmental Tectonics Corp

GRAYSCALE ETHRM CLSSIC TR by Grayscale Ethereum Classic Trust (ETC)

ELECTRONIC TELE-COM A by Electronic Tele-Communications, Inc.

Electronic Tele-Communications Inc

EnerTeck Corp

EUTELSAT COMMUNS SA S/ADR by Eutelsat Communications

Eutelsat Communications

Ethereum Classic - TrueUSD

Ethan Allen Interiors Inc

iShares Breakthrough Environmental Solutions ETF

Eco-Tek Group Inc

ENTERRA CORPORATION by Enterra Corporation

Enterra Corp

JPM USD CORP BON ETF

EASTFIELD RES LTD by Eastfield Resources Ltd.

Eastfield Resources Ltd

Eaton Vance Tax-Advantaged Global Dividend Income Fund Common Shares of Beneficial Interest

Eaton Vance Tax Advgd Gbl Div Inc Fd

Grayscale Ethereum Mini Trust (ETH) Common units of fractional undivided beneficial interest

Ethereum - United States Dollar

Coop Ethereum 2x Index - United States Dollar

iShares Ethereum Trust - iShares Ethereum Trust ETF

ETHBEAR - United States Dollar

ETHBULL - United States Dollar

ProShares Trust ProShares UltraShort Ether ETF

ETHDOWN - United States Dollar

Grayscale Ethereum Trust (ETH) Common units of fractional undivided beneficial interest

Ether.fi - United States Dollar

PURPOSE ETHR US NON CR HDGD UNT ETF

Amplify ETF Trust Amplify Etho Climate Leadership U.S. ETF

ETHPad

Etherpay - United States Dollar

3IQ ETHER STAKING UNT ETF

EVOLVE ETHER UNT ETF

ProShares Trust ProShares Ultra Ether ETF

Ethereum - TrueUSD

Volatility Shares Trust 2x Ether ETF

ETHUP - United States Dollar

VanEck Ethereum ETF VanEck Ethereum ETF

Bitwise Ethereum ETF Common shares of beneficial interest

EthereumPoW - United States Dollar

CI GALAXY ETHEREUM US UNHED UNT ETF

Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) reported quarterly earnings of $0.32 per share which missed the analyst consensus estimate of $0.37 by 13.51 percent. The company reported quarterly sales of $20.772 billion which missed the analyst consensus estimate of $22.297 billion by 6.84 percent. This is a 0.16 percent increase over sales of $20.739 billion the same period last year.

Earnings

Earnings Misses

News

Energy Transfer Q3 2024 GAAP EPS $0.32 Misses $0.37 Estimate, Sales $20.772B Miss $22.297B Estimate

Energy Transfer LP (NYSE:<a href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) today announced an increase in its quarterly cash distribution to $0.3225 per Energy Transfer common unit ($1.29 on an annualized basis) for the third quarter ended September 30, 2024.
This cash distribution per Energy Transfer common unit will be paid on November 19, 2024 to unitholders of record as of the close of business on November 8, 2024, and is an increase of 3.2 percent as compared to the third quarter of 2023.

Dividends

Energy Transfer Announces Increase In Quarterly Cash Distribution From $0.32 To $0.3225 Per Unit

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer recommended buying Coterra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRA#NYSE">CTRA</a>). &#8220;It can make money even at these<a href="https://www.benzinga.com/quote/CTRA"> levels,&#8221; he noted</a>.
On Oct. 10, Scotiabank analyst Paul Cheng maintained Coterra Energy with a Sector Outperform and lowered the price target from $35 to $32.
&#8220;It trades with the whole group, and the group is actually trading very, very well,&#8221; Cramer said when asked about Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>). &#8220;You're in good shape with ET.&#8221;
Energy Transfer will release earnings for the third quarter on Wednesday, Nov. 6, after the closing bell.
&#8220;Tim Wentworth [CEO of Walgreens] is really an excellent CEO. The bad news is you're up against Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>),&#8221; Cramer said when asked about Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>). &#8220;I'm a a believer in Tim, I really hope it works. But that is a one tough spot he's got himself in.&#8221;
On Oct. 15, Walgreens reported fourth-quarter fiscal year 2024 sales of $37.55 billion, up 6% year over year (+6.1% on constant currency), beating the consensus of $35.76 billion, reflecting sales growth <a href="https://www.benzinga.com/news/earnings/24/10/41333092/walgreens-boots-alliance-outlines-three-cost-saving-strategy-as-q4-earnings-beat-street-estimates">across all segments</a>.
The &#8220;Mad Money&#8221; host said it's going to be a good quarter for Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>). &#8220;It's in the data center, that's why we like it,&#8221; he added.
On Oct. 17, Mizuho analyst Brett Linzey maintained Dover with an Outperform and raised the price target from $200 to $220.
&#8220;This is a very tough situation because all of cosmetics are in a downturn that is so staggering that it caught everybody by surprise,&#8221; Cramer said when asked about e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>).
&#8220;I do think that, when they come back, this one will come back faster than all of them,&#8221; he added.
On Oct. 16, Truist Securities analyst Bill Chappell maintained e.l.f. Beauty with a Buy and lowered the price target from $210 to $130.
Price Action:
<ul>
<li>Energy Transfer shares fell 0.5% to settle at $16.41 on Friday.</li>
<li>Walgreens shares gained 1.2% to close at $10.79.</li>
<li>Coterra Energy shares fell 1.2% to close at $23.78 on Friday.</li>
<li>e.l.f. Beauty shares gained 0.2% to settle at $108.20.</li>
<li>Dover shares fell 0.3% to close at $194.38 on Friday.</li>
</ul>
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Jim Cramer Says This Energy Stock Is A Buy: 'It Can Make Money Even At These Levels'

B of A Securities analyst Jean Ann Salisbury reinstates Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) with a Buy and announces $20 price target.

Price Target

Initiation

Analyst Ratings

B of A Securities Reinstates Buy on Energy Transfer, Announces $20 Price Target

RBC Capital analyst Elvira Scotto maintains Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) with a Outperform and raises the price target from $19 to $20.

RBC Capital Maintains Outperform on Energy Transfer, Raises Price Target to $20

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/10/14/final-trades-energy-transfer-nvidia-paypal-and-united-rentals.html">Halftime Report Final Trades</a>,&#8221; Stephen L. Weiss of Short Hills Capital Partners named Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In an episode of the Bg2 Pod, Nvidia CEO Jensen Huang lauded OpenAI as one of the most influential companies of today's era. The podcast, aired on Sunday, featured a conversation between Altimeter Capital&#8217;s CEO Brad Gerstner, partner Clark Tang, and Huang. 
During the discussion, Huang expressed his admiration for OpenAI, which despite several high-profile departures, raised $6.6 billion at a $<a href="https://www.benzinga.com/news/24/10/41309060/nvidias-jensen-huang-says-chatgpt-led-to-awakening-of-ai-praises-sam-altmans-openai-as-one-of-most-c">157 billion valuation</a>.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>.
Bryn Talkington of Requisite Capital Management said Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) has an <a href="https://www.benzinga.com/quote/ET/earnings">8% distribution yield</a>.
Energy Transfer will release earnings for the third quarter of 2024 on Wednesday, Nov. 6, after the market closes. Analysts expect the company to report quarterly earnings at 34 cents per share on revenue of $23.52 billion.
Sarat Sethi of DCLA said PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) is &#8220;executing really well&#8221; and there's more to come.
On Monday, Goldman Sachs analyst Will Nance maintained PayPal with a Neutral and raised the price target from $69 to $79, while Mizuho analyst Dan Dolev maintained the stock with an Outperform and raised the price target from $90 to $100.
Bill Baruch of Blue Line Capital picked United Rentals, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>), which is scheduled to report quarterly earnings next week.
United Rentals will hold its third quarter 2024 conference call on Thursday, Oct. 24. Analysts expect the company to report quarterly earnings at $12.48 per share, up from $11.73 per share in the year-ago period.
Price Action:
<ul>
<li>Energy Transfer gained 0.2% to close at $16.55 during Monday's session.</li>
<li>NVIDIA shares rose 2.4% to settle at $138.07 on Monday.</li>
<li>PayPal shares gained 0.2% to settle at $80.67 on Monday.</li>
<li>United Rentals shares gained 2.3% to close at $838.05.</li>
</ul>
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Image: Unsplash

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Nvidia, PayPal, United Rentals And An Energy Stock On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Energy Transfer LP, NVIDIA, PayPal Holdings, United Rentals

The new partnership strengthens AtoB's Over-the-Road and Local offerings with access to 5,000+ Sunoco locations across over 40 states
AtoB, the fintech payments platform modernizing the trucking industry's financial systems, today announced a new partnership with Sunoco, bringing its 5,000 locations into its fuel card network. This collaboration significantly enhances AtoB's already extensive fuel card network, providing customers with access to Sunoco locations across over 40 states and exclusive discounts.
Starting today, AtoB customers will benefit from discounts at over 5,000 Sunoco locations across over 40 states. Trucking fleets will now enjoy discounts at over 100 truck diesel locations including premier discounts at twelve key Sunoco stations along the highly trafficked New Jersey Turnpike. These twelve Sunoco truck diesel locations are part of the AMBEST network, a nationwide member-owned network of high-quality truck stops and service stations. With Sunoco's extensive presence, this partnership is designed to offer substantial savings and enhance convenience for AtoB's users.

AtoB Partners With Sunoco To Expand Nationwide Network And Deliver Enhanced Fuel Discounts; New Partnership Strengthens AtoB's Over-The-Road And Local Offerings With Access To 5,000+ Sunoco Locations Across Over 40 States

KBR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBR#NYSE">KBR</a>)&nbsp;announced today that KTJV, a KBR and Technip Energies joint venture, has been selected by Lake Charles&nbsp;LNG Export Company, a subsidiary of Energy Transfer LP, for its Lake Charles LNG transformation project.
Under the terms of the agreement, KTJV will provide high-end engineering, procurement, construction management, construction, commissioning, startup and other related services, subject to Lake Charles LNG's decision to issue a notice to proceed for the project.
The project would transform Energy Transfer's existing import facility into a world-class LNG export facility to meet the world's growing LNG and energy security demands. This conversion would include the delivery of three liquefaction trains and modifications to existing storage and dock facilities designed to enable the export of 16.45 metric tons per annum of LNG.

Contracts

KBR Announces KTJV, A KBR And Technip Energies Joint Venture, Has Been Selected By Lake Charles LNG Export Company, A Subsidiary Of Energy Transfer LP, For Its Lake Charles LNG Transformation Project

Energy Transfer On Pipeline Fire At La Porte, Texas, Says As Of 10:30 am On Thursday, Fire Continues To Safely Burn Itself Out As Flame Diminished Overnight; Installation Of Specialized Pipeline Isolation Equipment On Either Side Of Damaged Area Is In Process

On CNBC's <a href="https://www.cnbc.com/video/2024/09/18/final-trades-energy-transfer-trade-desk-alphabet-and-general-motors.html">&#8220;Halftime Report Final Trades,&#8221;</a> Jim Lebenthal said General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) benefits from rate cuts.
General Motors, last week, agreed to explore collaboration with Hyundai Motor and expand its partnership with EVgo by installing 400 fast-charging stalls at key locations in major U.S. metropolitan areas. Additionally, the company is reportedly in talks to buy Chinese batteries made in the U.S. through its <a href="https://www.benzinga.com/markets/penny-stocks/24/09/40905775/gm-and-hyundai-join-forces-to-boost-competitiveness-and-improve-efficiency">partnership with Japan's TDK</a>.
Bryn Talkington of Requisite Capital Management named Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>), an energy play, which is up 16% year-to-date. The company also has a dividend<a href="https://www.benzinga.com/quote/ET/analyst-ratings"> yield of 8%, she added</a>.
On Wednesday, UBS analyst Shneur Gershuni maintained Energy Transfer with a Buy rating and raised the price target from $22 to $23.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joseph M. Terranova of Virtus Investment Partners said The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), is pushing back to its Nov. 2021 all-time high level.
On Sept. 13, Wedbush analyst Scott Devitt maintained Trade Desk with an Outperform rating and raised the price target from $110 to $115.
Stephen Weiss of Short Hills Capital Partners said Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) is still undervalued.
Alphabet Google won its appeal against the European Commission&#8217;s €1.49 billion ($1.66 billion) antitrust fine for anticompetitive practices involving its online search advertising business. Luxembourg-based General Court delivered a reprieve to Google, nullifying the line about the $1.66 billion penalty in the European Commission&#8217;s five-year-old <a href="https://www.benzinga.com/24/09/40915828/google-wins-1-7b-eu-antitrust-fine-appeal-over-5-year-old-online-search-advertising-case">order against the search giant, reported Reuters.</a>
Price Action:
<ul>
<li>Energy Transfer gained 0.6% to close at $16.11 during Wednesday's session.</li>
<li>Trade Desk shares gained 2.1% to settle at $108.02 on Wednesday.</li>
<li>Alphabet shares gained 0.3% to close at $160.81 during Wednesday's session.</li>
<li>General Motors shares gained 2.4% to settle at $48.66 on Wednesday.</li>
</ul>
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Image: Shutterstock

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General Motors, Alphabet, Trade Desk And An Energy Stock On CNBC's 'Final Trades'

CNBC Final Trades: Trade Desk, Energy Transfer, Alphabet Class C, General Motors

UBS analyst Shneur Gershuni maintains Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) with a Buy and raises the price target from $22 to $23.

UBS Maintains Buy on Energy Transfer, Raises Price Target to $23

PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>)<a href="https://www.benzinga.com/news/24/09/40781082/whats-going-on-with-paypal-stock"> is a buy</a>, according to CNBC's Jim Cramer. 
On Monday, PayPal disclosed an expansion of its strategic partnership with Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) in the U.S. 
Per the deal, PayPal will become an additional credit and debit card processor for Shopify Payments through its PayPal Complete Payments solution, providing flexible and advanced developer tools for marketplaces and platforms.
Cramer, on the latest &#8220;Mad Money Lightning Round,&#8221; said Rivian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) has &#8220;got the money to be able to make it. That doesn't mean that the stock is a buy, it does mean they're going to make it. So, I would say you've got to let it percolate. But it's not anytime soon.&#8221;
The recent $5 billion deal between Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) and U.S. electric vehicle start-up Rivian Automotive has reportedly stirred up discontent among employees at the German automaker's software division Cariad.
&#8220;I think you're fine,&#8221; Cramer said when asked about The Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>). &#8220;Let's say it's a baby growth story.&#8221;
On Aug. 29, Bank of America Securities analyst Julien Dumoulin-Smith maintained Southern with a Neutral and raised the price target from $86 to $87.
The Mad Money host said he is concerned about CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>). &#8220;Let's just keep it on ice for the moment,&#8221; he added.
On Sept. 10, Cantor Fitzgerald analyst Sarah James reiterated CVS Health with a Neutral and maintained a $62 price target.
The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) is &#8220;good,&#8221; Cramer said.
On Aug. 13, HD reported second-quarter 2024 sales growth of 0.6% year-over-year to $43.175 billion, marginally missing the consensus estimate of $43.376 billion. Adjusted EPS was $4.67 (-0.2% year over year), beating the consensus of $4.50.
Cramer said he doesn't have anything to say about Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), adding that it is a &#8220;cold stock.&#8221;
On Sept. 6, S&amp;P Dow Jones Indices announced that Palantir Technologies will be added to the S&amp;P 500 Index, effective prior to the start of trading on Sept. 23.
Cramer said he is a buyer of Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>).
On Aug. 9, Energy Transfer announced a secondary public offering of 38,755,996 of its common units.
Price Action:
<ul>
<li>PayPal shares rose 0.7% to settle at $69.35 on Wednesday.</li>
<li>Rivian shares rose 5.3% to close at $13.93 during Wednesday's session.</li>
<li>Palantir shares gained 0.3% to settle at $34.85.</li>
<li>Energy Transfer shares rose 0.3% to close at $15.87.</li>
<li>Southern shares fell 1% to close at $88.77 during Wednesday's session.</li>
<li>CVS fell 1.5% to settle at $56.11 during the session.</li>
<li>Home Depot shares fell 0.1% to close at $370.49 on Wednesday.</li>
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Image: Shutterstock

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PayPal Is A Buy, Jim Cramer Says: As For Rivian? 'Let It Percolate'

Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-08-07. Here's what investors need to know before the announcement.
Analysts estimate that Energy Transfer will report an earnings per share (EPS) of $0.36. 
The announcement from Energy Transfer is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings History Snapshot</h3>
Last quarter the company missed EPS by $0.08, which was followed by a 2.08% drop in the share price the next day.
Here's a look at Energy Transfer's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.36</td>
<td>0.40</td>
<td>0.35</td>
<td>0.34</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.35</td>
<td>0.32</td>
<td>0.37</td>
<td>0.15</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>-2.0%</td>
<td>2.0%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1725979790_0.png" alt="eps graph" />
<h3>Market Performance of Energy Transfer's Stock</h3>
Shares of Energy Transfer were trading at $15.81 as of September 09. Over the last 52-week period, shares are up 16.0%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on Energy Transfer</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Energy Transfer.
The consensus rating for Energy Transfer is Buy, based on 2 analyst ratings. With an average one-year price target of $20.0, there's a potential 26.5% upside.
<h3>Understanding Analyst Ratings Among Peers</h3>
The below comparison of the analyst ratings and average 1-year price targets of ONEOK, Williams Companies and Kinder Morgan, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>The consensus outlook from analysts is an Outperform trajectory for ONEOK, with an average 1-year price target of $92.56, indicating a potential 485.45% upside.</li>
<li>Williams Companies received a Neutral consensus from analysts, with an average 1-year price target of $43.86, implying a potential 177.42% upside.</li>
<li>As per analysts' assessments, Kinder Morgan is favoring an Neutral trajectory, with an average 1-year price target of $22.5, suggesting a potential 42.31% upside.</li>
</ul>
<h3>Key Findings: Peer Analysis Summary</h3>
Within the peer analysis summary, vital metrics for ONEOK, Williams Companies and Kinder Morgan are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Energy Transfer</td>
<td>Buy</td>
<td>13.15%</td>
<td>$3.91B</td>
<td>3.37%</td>
</tr>
<tr>
<td>ONEOK</td>
<td>Outperform</td>
<td>31.14%</td>
<td>$1.74B</td>
<td>4.71%</td>
</tr>
<tr>
<td>Williams Companies</td>
<td>Neutral</td>
<td>-5.92%</td>
<td>$1.35B</td>
<td>3.25%</td>
</tr>
<tr>
<td>Kinder Morgan</td>
<td>Neutral</td>
<td>2.03%</td>
<td>$2.02B</td>
<td>1.88%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Energy Transfer ranks highest in revenue growth among its peers. It has the highest gross profit margin. However, it has the lowest return on equity.
<h3>Delving into Energy Transfer's Background</h3>
Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer also owns the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.
<h3>Energy Transfer: A Financial Overview</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Energy Transfer's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 13.15%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 5.7%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Energy Transfer's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.37%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Energy Transfer's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.0%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.7.
<a href="https://www.benzinga.com/quote/ET/earnings">To track all earnings releases for Energy Transfer visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Energy Transfer's Earnings Outlook

Energy Transfer's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) short percent of float has fallen 8.85% since its last report. The company recently reported that it has 31.79 million shares sold short, which is 1.03% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.32 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Energy Transfer Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725638416_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Energy Transfer has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Energy Transfer's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Energy Transfer's peer group average for short interest as a percentage of float is 2.97%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Energy Transfer's Recent Short Interest

Units of Energy Transfer LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/et#NYSE">ET</a>) have rallied 21.8% year to date compared with its industry&#39;s growth of 20.8%. The oil and gas midstream firm owns a wide network of pipelines across the United States and is pursuing opportunities to serve growing power loads from new demand centers across its network.
The firm is also a top exporter of liquefied petroleum gas and is working to expand natural gas liquids export facilities to cater to the rising demand for NGL globally.
The ET stock has also outperformed its sector and the S&amp;P 500 in the year-to-date period.
<h2>Price Performance YTD</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/7d/75798.jpg?v=1372600074" style="height:301px; width:600px" />
Image Source: Zacks Investment Research
<h2>Factors Acting as Tailwinds for ET Stock</h2>
Energy Transfer owns more than 130,000 miles of pipelines across the United States and is expanding its operation through organic initiatives and strategic acquisitions. ET&#39;s operations are spread across 44 states. The firm has been making one large accretive acquisition each year since 2021. The WTG acquisition closed earlier this year expanded ET&#39;s natural gas pipeline and processing network in the Permian Basin.
Energy Transfer has a well-balanced asset mix that provides strong earnings support. ET&#39;s oil and gas pipelines, gathering and processing, and storage assets are spread in major U.S. basins and growing demand markets. The firm will invest $3-3.2 billion in 2024 to further expand and strengthen its asset base.
Energy Transfer has a NGL and Crude oil export capacity of more than 1.1 million barrels per day and 1.9 million barrels, respectively. The firm is working to increase its NGL export capabilities through the expansion of Marcus Hook and Nederland export terminals. The company&#39;s market share of worldwide NGL exports remains around 20%.
<h2>Management Ownership in ET Rises</h2>
ET&#39;s management and insiders own a sizeable chunk of its units. Management members and independent board members continue to purchase units of the firm. Energy Transfer insiders bought more than 44 million units worth $468 million since January 2021. The increasing ownership of insiders indicates bright prospects and sustainable growth amid the rising demand in the midstream space.
<h2>ET&#39;s Earnings Estimates Suggest Y/Y Rise</h2>
The Zacks Consensus Estimate for Energy Transfer&#39;s 2024 and 2025 earnings per unit indicates year-over-year growth of 28.4% and 12.6%, respectively.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/60/75799.jpg?v=623562437" style="height:301px; width:600px" />
Image Source: Zacks Investment Research
<h2>ET&#39;s Units are Undervalued</h2>
Energy Transfer units are somewhat inexpensive on a relative basis, with its current trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA) being 10.32 compared with the industry average of 11.62.
Another firm operating in this space, Plains All American Pipeline (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/paa#NASDAQ">PAA</a>), is also trading at a discount on an EV/EBITDA basis compared with its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d2/75800.jpg?v=1521552114" style="height:301px; width:600px" />
Image Source: Zacks Investment Research
<h2>Summing Up</h2>
Entergy Transfer, with more than 130,000 miles of pipeline and related infrastructure in 44 states, is poised well to benefit from the improving oil, natural gas and NGL production volumes in the United States.
This can be a favorable entry point for investors, given the positive movement in earnings estimates and the firm trading at a discount. The increasing insider ownership in the firm also signals sustainable growth.
Those who already own this Zacks Rank #3 (Hold) stock would do well to retain it in their portfolios.
<a href="https://www.zacks.com/stock/news/2328506/energy-transfer-stock-price-increases-21-8-ytd-how-to-play-it-now?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2328506">To read this article on Zacks.com click here.</a>

Large Cap

Penny Stocks

Small Cap

Management

Energy Transfer Stock Price Increases 21.8% YTD: How to Play It Now?

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said he likes Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>). &#8220;The stock has come down a great deal, and yet, at the same time, I think its business is actually <a href="https://www.benzinga.com/quote/ARM">accelerating,&#8221; he noted.</a>
On Aug. 8, Bernstein upgraded the stock from Underperform to Market Perform and raised its price target from $92 to $100.
When asked about Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>), he said, &#8220;I believe its dividend is indeed safe. I've been back and forth and back and forth on this, and I believe that they have the coverage, and it's an inexpensive stock, and I like the pipeline companies very, very much here.&#8221;
On Aug. 9, Energy Transfer announced a secondary public offering of 38,755,996 of its common units.
The &#8220;Mad Money&#8221; host recommended buying Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) with a 3% yield. &#8220;I would buy some here, and then wait for some analysts to knock it down, buy even more. The company's an excellent company,&#8221; he added.
On Aug. 20, JPMorgan analyst Tien-Tsin Huang maintained Paychex with an Underweight rating and raised the price target from $120 to $128.
Cramer said he likes defense stocks, and RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) is his favorite.
On July 25, RTX reported second-quarter results and raised its 2024 outlook. RTX&#8217;s adjusted net sales increase 8% year-over-year to $19.791 billion, beating the consensus of $19.28 billion. Adjusted EPS grew 9% to $1.41, above the consensus of $1.30.
Price Action:
<ul>
<li>Arm shares gained 1.8% to settle at $131.20 on Tuesday.</li>
<li>Energy Transfer shares fell 1.2% to close at $15.91.</li>
<li>Paychex shares slipped 0.1% to close at $130.10.</li>
<li>RTX shares gained 0.7% to settle at $119.49 on Tuesday.</li>
</ul>
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</ul>
Photo: Shutterstock

PAYX

Jim Cramer Says RTX Is His Favorite Defense Stock, Likes This Semiconductor Stock That 'Has Come Down A Great Deal'

WIIM

Energy Transfer shares are trading lower after the company announced a secondary public offering of 38,755,996 of its common units.

Energy Transfer Announces Secondary Public Offering Of Common Units: Commences Underwritten Secondary Public Offering Of An Aggregate Of 38,755,996 Of Its Common Units Representing Limited Partner Interests

EMO: Very Attractive Portfolio, Albeit With Some Risk

With rising oil prices and a positive outlook from key industry organizations, the energy sector is poised for significant growth in the future. Therefore, investors would be wise to add fundamentally strong and undervalued energy stocks, Energy Transfer (ET), DNOW (DNOW), and MRC Global (MRC), to their portfolio, as these companies are primed for a breakout. Read on… As the conflict in the Middle East intensifies, rising oil prices have drawn significant interest from investors in the energy sector. Oil prices <a href="https://www.bbc.com/news/articles/cgry10924jqo">surged nearly 10%</a> at the start of the month, reaching around $78 per barrel. Despite rumors of supply chain disruptions, the energy sector remains optimistic about its future.
Amid this, Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>), DNOW Inc. (<a href="https://stocknews.com/stock/DNOW/">DNOW</a>), and MRC Global Inc. (<a href="https://stocknews.com/stock/MRC/">MRC</a>) are three undervalued energy stocks that seem ready for a breakout. Their strong fundamentals, coupled with the rising demand for energy, make them attractive investment opportunities in the current market landscape.
The ongoing altercation between Hamas and Israel has heightened concerns about supply chain interruptions. However, the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) remain confident.
OPEC forecasts global energy demand to <a href="https://www.cnbc.com/2024/09/24/opec-is-bullish-on-long-term-oil-demand-growth-not-everyone-agrees.html">grow by 24%</a> between 2024 and 2050. It also expects robust medium-term growth in oil demand, predicting it will reach 112.3 million barrels per day by 2029.
The IEA, similarly, anticipates a global demand for natural gas to <a href="https://www.iea.org/news/natural-gas-demand-growth-picks-up-in-2024-amid-uncertainties-over-supply">rise of more than 2.5%</a> in 2024, with similar growth projected for 2025. In line with this, King's Research estimates the global oil and gas market to reach $8.92 trillion by 2031, at <a href="https://www.kingsresearch.com/oil-and-gas-market-177">a CAGR of 3.7%</a> from 2024 to 2031.
The optimistic outlook reinforces the potential of energy stocks, even amid geopolitical tensions. Keeping these trends in mind, let us delve into the fundamentals of three energy stocks that are currently trading at a discount, beginning with #3.
Stock #3: Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>)
ET operates natural gas transportation pipelines and storage facilities in Texas and Oklahoma, managing around 20,090 miles of interstate pipelines. The company's strategic network extends across 44 states, connecting key assets in U.S. production basins.
On July 16, ET <a href="https://ir.energytransfer.com/news-releases/news-release-details/energy-transfer-and-sunoco-announce-strategic-permian-basin">announced a joint venture</a> with Sunoco LP (<a href="https://stocknews.com/stock/SUN/">SUN</a>), combining their crude oil and produced water-gathering assets in the Permian Basin. ET holds 67.5% interest, giving it control over more than 5,000 miles of pipelines and 11 million barrels of crude oil storage capacity.
The joint venture could strengthen ET's infrastructure in a key production area, enhancing its ability to meet increasing demand for energy transportation. By leveraging SUN's assets, ET expands its operational scale, positioning itself for long-term growth and increased revenue opportunities through efficient resource management.
On July 15, ET completed <a href="https://ir.energytransfer.com/news-releases/news-release-details/energy-transfer-completes-acquisition-wtg-midstream">the $2.28 billion acquisition</a> of WTG Midstream. The transaction added 6,000 miles of gas-gathering pipelines and eight processing plants to ET's network in the Permian Basin, further increasing its market presence in this critical region.
In terms of forward non-GAAP PEG, ET is trading at 0.83x, 47.8% lower than the industry average of 1.59x. Likewise, the stock's forward EV/Sales and forward Price/Sales multiples of 1.49 and 0.65 are 23.8% and 56% lower than their respective industry averages of 1.95x and 1.47x.
For the fiscal second quarter that ended June 30, 2024, ET's revenues increased 13.1% year-over-year to $20.73 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 25.2% from the year-ago value to $2.30 billion. Additionally, ET's net income came in at $1.99 billion or $0.35, per share, increasing 61.6% and 40% year-over-year.
Analysts expect ET's revenue for the fiscal third quarter ending September 2024 to increase 4.1% year-over-year to $21.59 billion. Its EPS for the ongoing quarter is expected to grow 130.9% from the previous year's period to $0.35.
Shares of ET have surged 3.5% over the past six months and 17% over the past year to close the last trading session at $16.38.
ET's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
ET has an A grade for Growth and a B for Value and Momentum. Within the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry, it is ranked #2 out of 76 stocks.
To see ET's ratings for Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/ET/">click here</a>.
Stock #2: DNOW Inc. (<a href="https://stocknews.com/stock/DNOW/">DNOW</a>)
DNOW is a supplier of energy and industrial products, as well as packaged, engineered process and production equipment. It also provides supply chain solutions, combined with its DigitalNOW suite, offering technology for digital commerce, data, and information management to enhance operational efficiency and streamline business processes.
On March 12, DNOW announced <a href="https://ir.dnow.com/news-releases/news-release-details/dnow-completes-acquisition-whitco-supply">the all-cash acquisition</a> of Whitco Supply, LLC, an energy products and solutions company. The move is expected to strengthen DNOW's position in midstream, E&amp;P, and adjacent markets, aligning with its growth strategy and enhancing its capabilities in key industry sectors.
In terms of forward non-GAAP P/E, DNOW is trading at 13.97x, which is 32.1% lower than the industry average of 20.57x. The stock's forward Price/Sales ratio of 0.54x is 64.9% below the industry average of 1.53x. Also, its forward EV/EBITDA multiple of 6.68 is 43.9% lower compared to the industry average of 11.91x.
DNOW's revenue for the fiscal second quarter that ended on June 30, 2024, increased 6.6% year-over-year to $633 million. Its EBITDA, excluding other costs, grew 6.4% from the year-ago value to $50 million. Plus, the company's non-GAAP net income came in at $28 million, rising 3.7% year-over-year, with its non-GAAP EPS coming in at $0.25.
Street expects DNOW's revenue and EPS for the fiscal year ending December 2025 to increase 1.8% and 2.6% year-over-year to $2.43 billion and $0.89, respectively. Moreover, the company surpassed the consensus EPS estimates in three of its trailing four quarters.
DNOW's shares have surged 22.6% over the past nine months to close the last trading session at $12.08.
DNOW's solid prospects are projected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Value and Quality. Within the <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry, it is ranked #6 out of 50 stocks.
<a href="https://stocknews.com/stock/DNOW/">Click here</a> to see DNOW's ratings for Growth, Momentum, Stability, and Sentiment.
Stock #1: MRC Global Inc. (<a href="https://stocknews.com/stock/MRC/">MRC</a>)
MRC is a global distributor of pipe, valves, fittings (PVF), and infrastructure products to various end markets. It offers supply chain solutions, technical product services, and a digital platform for global customers. With over 8,500 suppliers, the company provides services like product testing, volume purchasing, technical support, and others.
On June 13, MRC announced that its subsidiary, MRC Global (US) Inc., <a href="https://investor.mrcglobal.com/news-releases/news-release-details/mrc-global-selected-primary-provider-pipe-valves-and-fittings">signed an agreement</a> with ExxonMobil in North America. Under the agreement, MRC Global will serve as the primary provider of pipe, valves, and fittings (PVF) products and services for ExxonMobil.
The agreement could boost MRC's revenue streams, increase its market share, and enhance its influence within the energy industry, driving future growth and expansion opportunities.
In terms of forward non-GAAP P/E, MRC is trading at 14.45x, 29.8% lower than the industry average of 20.57x. Moreover, its forward EV/Sales multiple of 0.54 is 72.3% lower than the industry average of 1.94x. Additionally, its forward Price/Sales of 0.33x is 78.5% lower than the industry average of 1.53x.
For the fiscal second quarter that ended June 30, 2024, MRC's sales were reported to be $831 million. Its adjusted EBITDA increased 3.2% year-over-year to $65 million. Moreover, the company's adjusted net income was reported to be $27 million or $0.31 per share, showing a rise of 22.7% and 19.2% from the prior year's quarter, respectively.
The consensus revenue estimate of $3.35 billion for the fiscal year ending December 2025 reflects a year-over-year rise of 4%. Its EPS for the same period is expected to increase 37.7% from the prior year to $1.19. Also, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
MRC's stock has surged 5.4% over the past six months and 21.6% over the past year to close the last trading session at $12.46.
MRC's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
MRC has an A grade for Value. Out of 50 stocks within the same industry, MRC is ranked #3.
To see the stock's ratings for Growth, Sentiment, Momentum, Stability, and Quality, <a href="https://stocknews.com/stock/MRC/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
ET shares fell $0.01 (-0.06%) in premarket trading Wednesday. Year-to-date, ET has gained 26.27%, versus a 23.88% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/et-dnow-mrc-sun-3-undervalued-energy-stocks-ready-for-a-breakout/>3 Undervalued Energy Stocks Ready for a Breakout</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Undervalued Energy Stocks Ready for a Breakout

Heightened tensions in the Middle East have ignited a surge in oil prices, casting a spotlight on the energy sector and amplifying its allure. Hence, fundamentally sound energy stocks Sabine Royalty (SBR), Obsidian Energy (OBE), and Energy Transfer (ET), each boasting formidable growth potential, might emerge as opportune buys for investors seeking resilience and upside in today's market. Read on... While the ongoing conflict between Hamas and Israel has raised concerns about potential supply chain disruptions, both the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) maintain a confident outlook. In light of this situation, we present quality energy stocks, Sabine Royalty Trust (<a href="https://stocknews.com/stock/SBR/">SBR</a>), Obsidian Energy Ltd. (<a href="https://stocknews.com/stock/OBE/">OBE</a>), and Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>),  that are well-positioned for strong growth as oil prices surge.
As tensions intensify across the Middle East, energy markets are keenly attuned to the surging oil prices, which have experienced a <a href="https://www.bbc.com/news/articles/cgry10924jqo">noteworthy increase</a> of nearly by the start of October, reaching approximately $78 per barrel.
OPEC forecasts <a href="https://www.cnbc.com/2024/09/24/opec-is-bullish-on-long-term-oil-demand-growth-not-everyone-agrees.html">a 24% increase</a> in global energy demand between 2024 and 2050, anticipating robust medium-term growth in oil consumption, which is projected to reach 112.3 million barrels per day by 2029. Similarly, the IEA anticipates a global demand for natural gas to <a href="https://www.iea.org/news/natural-gas-demand-growth-picks-up-in-2024-amid-uncertainties-over-supply">rise by more than 2.5%</a> in 2024, with similar growth projected for 2025.
With these trends in focus, let's examine the fundamentals of three <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> stocks, starting with #3.
Stock #3: Sabine Royalty Trust (<a href="https://stocknews.com/stock/SBR/">SBR</a>)
SBR holds royalty and mineral interests in various oil and gas production properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interests in certain producing and proved undeveloped oil and gas properties.
On October 4, SBR announced a monthly cash distribution to the holders of its units of beneficial interest of $0.435840 per unit, payable on October 29, 2024. It pays an annual <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend </a>of $5.23 per unit, which translates to a yield of 8.57% on the current share price. Its four-year average dividend yield is 8.95%. The company's dividend payouts have grown at a CAGR of 32.3% over the past three years.
Over the past three years, SBR's revenue and EBITDA have grown at CAGRs of 34.8% and 36.9%, respectively.
For the fiscal second quarter that ended June 30, 2024, SBR's royalty income increased 29.7% year-over-year to $22.61 million, while its distributable income increased 32.2% year-over-year to $22.08 million. In addition, its distributable income per unit increased 31.3% year-over-year to $1.51.
The stock climbed 8.9% year-to-date to close the last trading session at $61.02.
SBR's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
It has a B grade for Growth, Sentiment, and Quality. SBR is ranked #9 out of 78 stocks in the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry.
Click <a href="https://stocknews.com/stock/SBR/">here</a> to access all SBR ratings (Value, Momentum, and Stability).
Stock #2: Obsidian Energy Ltd. (<a href="https://stocknews.com/stock/OBE/">OBE</a>)
Headquartered in Calgary, Canada, OBE is engaged in the exploration, production, and development of oil and natural gas properties in Western Canada.
Over the past three years, OBE's revenue and EBITDA have grown at CAGRs of 22.2% and 37.6%, respectively.
OBE's total production increased 20.6% year-over-year to 39,714 boe/d during the fiscal third quarter that ended September 30, 2024. The company's net income stood at CAD 33.20 million ($23.85 million) and CAD 0.42 per share, up 33.9% and 40% from the previous year's quarter, respectively.
Analysts expect OBE's revenue for the fiscal year (ending December 2024) to increase 12.6% year-over-year to $601.86 million, and its EPS is expected to grow 42% year-over-year to $1.35 in the same year.
Shares of OBE have gained marginally over the past year and 1.8% over the past month to close the last trading session at $5.67.
OBE's promising outlook is reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Growth, Value, and Sentiment. Within the same industry, OBE is ranked #4.
Access additional OBE ratings for Momentum, Quality, and Stability <a href="https://stocknews.com/stock/OBE/">here</a>.
Stock #3: Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>)
ET operates natural gas transportation pipelines and storage facilities in Texas and Oklahoma, managing around 20,090 miles of interstate pipelines. The company's strategic network extends across 44 states, connecting key assets in U.S. production basins.
On October 28, ET announced an increase in its quarterly cash distribution to $0.3225 per Energy Transfer common unit ($1.29 on an annualized basis) for the third quarter ended September 30, 2024. This cash distribution per Energy Transfer common unit will be paid on November 19, 2024, which represents a rise of 3.2% compared to the third quarter of 2023.
Over the past three years, OBE's revenue and net income have grown at CAGRs of 17.1% and 5.8%, respectively.
In the fiscal second quarter that ended June 30, 2024, ET's revenues increased 13.1% year-over-year to $20.73 billion. Its operating income grew 25.2% from the year-ago value to $2.30 billion. Additionally, ET's net income came in at $1.99 billion, or $0.35, per share, increasing 61.6% and 40% year-over-year.
Analysts expect ET's EPS and revenue for the quarter ended September 30, 2024, to increase 131.2% and 4.1% year-over-year to $0.35 and $21.59 billion, respectively.
Over the past year, the stock has gained 24.6% to close the last trading session at $16.48. It soared 18.7% year-to-date.
ET's POWR Ratings reflect its robust fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
ET has an A grade for Growth and a B for Value, Momentum, Stability, and Sentiment. Within the same industry, it is ranked #2.
To see ET's ratings for Quality, <a href="https://stocknews.com/stock/ET/">click here</a>.
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ET shares were trading at $16.50 per share on Friday morning, up $0.02 (+0.12%). Year-to-date, ET has gained 27.20%, versus a 22.03% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/et-sbr-obe-3-energy-stocks-poised-for-strong-growth-as-oil-prices/>3 Energy Stocks Poised for Strong Growth as Oil Prices Surge</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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