ET Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Energy Transfer (ET) has shown a mixed technical outlook. The stock is currently trading below its 50-day and 200-day moving averages, indicating a bearish trend. However, the Relative Strength Index (RSI) at 27.23 suggests the stock is oversold, which could indicate a potential rebound.
News Sentiment and Event Impact:
Recent news indicates bearish options activity with a high volume of puts traded, suggesting negative sentiment. However, President Trump's announcement to expand domestic energy production, including natural gas, could positively impact Energy Transfer.
Fibonacci Levels:
The stock is approaching a key support level at $17.09 (Fibonacci S1). If this level holds, we could see a bounce toward the resistance at $19.32 (Fibonacci R1).
Price Prediction:
Based on the oversold RSI and potential support, ET could rebound to $18.50 next week.
Recommendation:
Buy at the current price of $17.46, targeting $18.50 with a stop-loss at $17.00.
ET Similar Chart Price Prediction
The price of ET is predicted to go up 6.51%, based on the high correlation periods with ALRM. The similarity of these two price pattern on the periods is 96.6%.
ET
ALRM
Up: 6.51%Similarity: 96.6%
ET Revenue Forecast
ET EPS Forecast
ET FAQs
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ET VS S&P500
Energy Transfer's consolidation in October 2018 reduced the company's cost of capital and helped fund its growth projects over the last few years.
Energy Transfer is diversified across markets, commodities, and geographies giving the company access to many large customers.
Energy Transfer is well positioned to benefit from our outlook for growing natural gas liquids exports.
ET Analyst's Forecast
Selman Akyol
Stifel
Strong Buy
2025-02-12
Price Target
$21 → $23
Upside
+17.05%
Stifel raised the firm's price target on Energy Transfer LP to $23 from $21 and keeps a Buy rating on the shares. The company posted Q4 EBITDA of $3.88B, compared to the firm's $3.99B estimate and consensus of $3.98B, notes the analyst, who also points out that Energy Transfer guided to $5B of 2025 growth capital expenditures. This outlook "highlights the opportunity set across ET's footprint and possibly pushes out other forms of capital returns due to project timing," the analyst tells investors. The company's first natural gas supply contract with Cloudburst, supplying a Texas data center in what the firm views as midstream's first data center related agreement, will be "very well received by investors," the analyst added.
Theresa Chen
Barclays
Buy
2025-01-13
Price Target
$22 → $25
Upside
+28.4%
Marc Solecitto
Barclays
Buy
2024-12-20
Price Target
$18 → $22
Upside
+16.65%
