Robert W. Baird analyst Ethan Bellamy reiterated a Buy rating on Energy Transfer LP (ET) yesterday and set a price target of $21. The company’s shares closed yesterday at $14.26.
According to TipRanks.com, Bellamy is a 1-star analyst with an average return of -2.7% and a 46.8% success rate. Bellamy covers the Basic Materials sector, focusing on stocks such as CNX Midstream Partners LP, Antero Midstream Partners, and Green Plains Partners.
Energy Transfer LP has an analyst consensus of Strong Buy, with a price target consensus of $22.25.
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The company has a one-year high of $19.34 and a one-year low of $12.80. Currently, Energy Transfer LP has an average volume of 8.76M.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ET in relation to earlier this year.
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Energy Transfer LP provides natural gas pipeline transportation and transmission services. It operates through following segments: Investment in ETP, Investment in Sunoco LP, Investment in Lake Charles LNG, and Corporate and Other.
