ET:
The current market price is 13.73, with no change from the previous close.
Support and Resistance Levels
The support levels are 13.73, 13.73, and 13.73. The resistance levels are also at 13.73, 13.73, and 13.73, with a pivot point at 13.73.
Indicators
The RSI is at 100, indicative of strong overbought conditions. The ATR is at 0, suggesting low volatility. The Parabolic SAR is also at 13.73.
Market Sentiment
Currently, the price is at the pivot point (13.73), indicating neutral sentiment due to lack of directional movement.
ET Signals & Technical Analysis
Last Updated: <% indicators.interval.updated|date:'MMM d, y h:mm:ss a' %>
Energy Transfer LP (NYSE: ET) is a leading publicly traded master limited partnership (MLP) based in Dallas, Texas, primarily focused on the transportation, storage, and distribution of natural gas, natural gas liquids (NGLs), and crude oil. Established in 1996, Energy Transfer has grown through strategic acquisitions and organic development, building a robust and diversified portfolio of midstream energy assets across the United States. The company operates an extensive network of pipelines and storage facilities that connect key production areas to major markets, positioning itself as a crucial player in the North American energy landscape.
Market Position
Energy Transfer is one of the largest and most integrated midstream energy companies in the U.S., offering a wide range of services that include the transportation and storage of natural gas, crude oil, and NGLs. The company’s assets encompass over 90,000 miles of pipelines and more than 30 billion cubic feet of natural gas storage capacity. Energy Transfer’s strategic positioning in key shale plays, including the Permian Basin and the Marcellus Shale, allows it to capitalize on the growing demand for energy resources both domestically and internationally. The company’s strong relationships with producers and refiners further enhance its competitive edge in the evolving energy sector.
Key Financial or Industry Highlights
Energy Transfer has demonstrated consistent financial performance, with a long track record of generating stable cash flows and delivering value to its unitholders. The company reported a strong increase in earnings before interest, taxes, depreciation, and amortization (EBITDA), underscoring its operational efficiency and resilience amidst fluctuating energy prices. With a solid distribution yield, Energy Transfer remains an attractive option for income-seeking investors. Furthermore, the company is committed to sustainability and reducing its carbon footprint, aligning with industry trends towards cleaner energy solutions. Energy Transfer’s proactive approach in adapting to these trends positions it favorably for future growth opportunities in the evolving energy market.
<% (signals.list.current.rate).substr(0,7) %>
<% signal.analyst %>
