Energy Transfer LP Stock Outperforms Broader Market as Q4 Earnings Approach
• Energy Transfer LP (ET) stock rose 0.43% on the day, outpacing the S&P 500's 0.29% gain.
• ET stock is up 0.87% over the past month despite the Oils-Energy sector being down 5.56%.
• ET is expected to report EPS of $0.29 on revenue of $23.59 billion in its next quarterly earnings report on February 14, 2024.
• ET currently has a Zacks Rank of 2 (Buy) and a Forward P/E ratio of 11.84, indicating it may be undervalued.
• The Oil and Gas – Production Pipeline industry has a Zacks Industry Rank in the top 31% out of over 250 industries.