How to Buy Energy Transfer Stock
Energy Transfer LP
Energy Transfer LP provides energy-related services. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and 12,500 miles of interstate natural gas pipelines.
Energy Transfer stock last closed at $16.98, up 2.54% from the previous day, and has increased 7.26% in one year. It has underperformed other stocks in the Oil & Gas Midstream industry by 0.02 percentage points. Energy Transfer stock is currently +16.3% from its 52-week low of $14.60, and -20.84% from its 52-week high of $21.45.
There are currently 3.43B ET shares outstanding. The market value of ET is $58.26B. In the past 24 hours, 11.32M ET shares were traded.
How to Buy Energy Transfer Stock
Wondering how to invest in Energy Transfer stock? Here's how.
- Figure out where to buy Energy Transfer stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Energy Transfer stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Choose your method of payment and add your information.
- Research Energy Transfer stock: The Energy Transfer ticker symbol is ET. Is Energy Transfer stock a good investment? Should you buy shares of ET? How do ET's underlying business fundamentals look? Do top analysts think Energy Transfer is a good buy? Why has ET's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if ET is a good stock to buy).
- Make your ET buy order: Decide if you will purchase ET shares at the current market price or use a limit order to buy ET stock at a specific price.
- Keep an eye on your ET investment: Create a watchlist to track your position in Energy Transfer shares.
Step 1: Figure out where to buy Energy Transfer stock
You need a brokerage account in order to access the NYSE market and buy ET shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal details so you are able to invest in ET stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start your new trading account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have opened your account on stock market app, your next step is to transfer the money for your investment:
Check out the video below to see the process of depositing funds into your brokerage account.
Step 4: Research Energy Transfer stock
Once you have chosen the best place to buy Energy Transfer stock, it's absolutely critical to analyze their stock prior to investing, so you can wrap your head around the risk as well as the upside.
Energy Transfer quick stats
ET Fundamentals
WallStreetZen was designed to help average investors perform better fundamental analysis.
You can see all of the due diligence checks on ET's stock page.
How is ET stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge ET's true value.
Using relative valuations methods:
- ET may be undervalued based on its P/E ratio of 13.16x, relative to Oil & Gas Midstream industry P/E ratio of 19.95x
- ET may be undervalued based on its P/B ratio of 1.66x, relative to Oil & Gas Midstream industry P/B ratio of 2.84x
- ET could be overvalued based on its PEG ratio of 2.51x
You can access additional valuation analysis on ET's stock here.
ET Financial Summary
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the ET balance sheet.
- ET profit margin has gone up from 4.4% to 5.3% in the past year.
- Total ET debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- ET earnings of $8.48B is not enough to cover its interest payments.
- ET's operating cash flow of $11.51B allows it to safely service it's debt of $60.56B.
- ET has a relatively high debt to equity ratio of 2.26.
- There are more long-term liabilities than short-term assets on the ET balance sheet.
Do analysts think it's a good time to buy Energy Transfer stock
Out of 8 Equities analysts who give forecasts on ET, the consensus analyst rating on ET is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent ET Analyst Ratings
Marc Solecitto, a top 19% analyst from Barclays maintains ET with a strong buy rating and raises their ET price target from $18.00 to $22.00, on Dec 20, 2024.
Barclays's Marc Solecitto raised their price target on Energy Transfer (NYSE: ET) by 22.2% from $18 to $22 on 2024/12/20. The analyst maintained their Strong Buy rating on the stock.
Solecitto contextualized their price target hike by saying that it is evident that Energy Transfer is enhancing its natural gas infrastructure footprint from the recent final investment decision on the Hugh Brinson Pipeline and the uptick in commercial progress at Lake Charles LNG announced this week.
John Mackay, a top 8% analyst from Goldman Sachs maintains ET with a hold rating and raises their ET price target from $17.00 to $20.00, on Dec 19, 2024.
Michael Blum, a top 9% analyst from Wells Fargo maintains ET with a strong buy rating and raises their ET price target from $20.00 to $21.00, on Dec 18, 2024.
You can dig deeper into what analysts are forecasting on the Energy Transfer stock forecast page.
Metrics for Advanced ET Traders
How are ET Revenues/Earnings doing?
Last year, ET earnings were $4.39B. Over the past 5 year, ET's earnings have gone up by -0.76% per year. This was slower than the Oil & Gas Midstream industry average of 11.81%.
Last year, ET revenue was $82.67B. Over the past 5 year, ET's revenue has increased by 8.81% per year. This was faster than the Oil & Gas Midstream industry average of 7.05%.
Find out more about ET's earnings and revenue performance here.
Are ET insiders buying or selling the stock?
In the last 12 months, insiders at ET have bought more shares than they have sold.
Dylan Bramhall, EVP Group CFO of ET, was the latest ET insider to sell. They sold $535,142.57 worth of ET stock on Dec 5, 2024.
Dig into more about who owns ET stock here.
Can I rely on ET as an income stream?
No, Energy Transfer doesn't provide an income stream by paying out dividends.
What others are saying about ET
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your ET buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, place a limit order.
Press the Open Trade button and eToro will execute the order.
If you need additional info about investing in stocks on eToro, click the how to video below:
Step 6: Keep an eye on your ET investment
Now that you own some ET shares, you'll want to keep up with your new company.
Add ET to a watchlist to keep track of your ET stock.
ET Feed
How to Buy Stock in Energy Transfer
To summarize, here are the 6 steps you need to take to buy Energy Transfer stock right now:
- Figure out where to buy Energy Transfer stock
- Sign up for your brokerage account
- Fund your brokerage account
- Research Energy Transfer stock
- Make your ET buy order
- Keep an eye on your ET investment
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your new investment in Energy Transfer, create your watchlist below.
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