- Energy Transfer LP (ET, Financial) wins a significant legal claim and secures another major victory against Greenpeace.
- Analysts predict a promising upside potential with a price target averaging $23.23.
- Despite positive analyst sentiment, the GF Value estimates a potential downside of 23.36%.
Energy Transfer (ET) has recently scored a legal triumph, as a U.S. district court ruled in favor of North Dakota's claim, securing nearly $28 million from the federal government. This settlement compensates for expenses incurred during the 2016-2017 Dakota Access Pipeline protests. In another legal battle, Energy Transfer successfully claimed over $660 million in damages against Greenpeace. These legal victories underscore the company's resilience and capacity to safeguard its financial interests.
Wall Street Analysts' Predictions on Energy Transfer LP
In terms of analyst projections, Energy Transfer LP (ET, Financial) shows strong potential. According to the forecasts from 15 financial analysts, the average price target is set at $23.23, with a high projection of $26.00 and a low of $20.00. This suggests a potential upside of 34.37% from its current market price of $17.29. To explore these estimates in detail, visit the Energy Transfer LP (ET) Forecast page.
Overall, Energy Transfer LP is currently receiving favorable ratings from 17 brokerage firms, with an average recommendation of 1.6, signifying an "Outperform" status. This rating scale ranges from 1 (Strong Buy) to 5 (Sell), illustrating strong market confidence in the stock's future performance.
Assessing GF Value and Potential Risks
Despite the positive analyst outlook, GuruFocus provides a cautionary note regarding Energy Transfer LP's valuation. The estimated GF Value predicts the stock's fair value at $13.25 within a year, indicating a possible downside of 23.36% compared to the current price of $17.2876. The GF Value reflects calculations based on historical trading multiples, past business growth, and future business performance estimations. Investors can delve into detailed data via the Energy Transfer LP (ET, Financial) Summary page.
