A look at its monthly performance shows that Energy Transfer LP (NYSE:ET) has recorded a -3.32% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -12.52% and is now up by 10.07% since start of this year. The equity price sank -3.71% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price dipped by -9.46% over the past three months which led to its overall six-month decrease to stand at -19.71%.
The shares of Energy Transfer LP (ET) dropped by -24.23% or -$4.65 from its last recorded high of $19.19 which it attained on June 08 to close at $14.54 per share. Over the past 52 weeks, the shares of Energy Transfer LP has been trading as low as $11.68 before witnessing a massive surge by 24.49% or $2.86. This price movement has led to the ET stock receiving more attention and has become one to watch out for. It jumped by 2.04% on Tuesday and this got the market excited. The stock’s beta now stands at 1.75 and when compared to its 200-day moving average and its 50-day moving average, ET price stands -10.86% below and 2.83% above respectively. Its average daily volatility for this week is 2.46% which is less than the 2.54% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Energy Transfer LP with most of them predicting a $21.25 price target on a short-term (12 months) basis. The average price target by the analysts will see a 46.15% rise in the stock and would lead to ET’s market cap to surge to $55.89B. The stock has been rated an average 1.6, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 18 analysts that track Energy Transfer LP (NYSE:ET) and find out that 2 of them rated it as a Hold. 16 of the 16 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at ET technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 49.93 point. Its trading volume has lost -5524866 shares compared to readings over the past three months as it recently exchanged 8195134 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 13720000 shares, and this is 0.6 times the normal volume.
The price of Berry Petroleum Corporation (NASDAQ:BRY) currently stands at $10.86 after it went up by $0.21 or 1.97% and has found a strong support at $10.65 a share. If the BRY price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $10.43 mark would also be bad for the stock as it means that the stock would plunge by 3.96% from its current position. However, if the stock price is able to trade above the resistance point around $11.1, then it could likely surge higher to try and break the upward resistance which stands at $11.33 a share. Its average daily volatility over the past one month stands at 6.37%. The stock has plunged by 1.75% from its 52-weeks high of $10.67 which it reached on Aug. 10, 2018. In general, it is 27.53% above its 52-weeks lowest point which stands at $7.87 and this setback was observed on Dec. 20, 2018.
Analysts have predicted a price target for Berry Petroleum Corporation (BRY) for 1 year and it stands at an average $14.5/share. This means that it would likely increase by 33.52% from its current position. The current price of the stock has been moving between $10.67 and $11.12. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $11. On the other hand, one analyst is super bullish about the price, setting a target as high as $18.
The BRY stock Stochastic Oscillator (%D) is at 25.54%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 2.51 which compares to the 79.36 recorded by the industry or the 10.48 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 6.91, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of 0% over the past five years.
Analysts view Berry Petroleum Corporation (NASDAQ:BRY) as a Hold, with 2.1 consensus rating. Reuters surveyed 10 analysts that follow BRY and found that 3 of those analysts rated the stock as a Hold. The remaining 7 were divided, with 7 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Berry Petroleum Corporation (BRY) shares or sell it if they already own it.