Morgan Stanley (NYSE:MS) analyst Devin McDermott maintained a Hold rating on Energy Transfer (NYSE:ET) LP on Monday, setting a price target of $8, which is approximately 1.96% below the present share price of $8.16.
McDermott expects Energy Transfer LP to post earnings per share (EPS) of -$0.32 for the second quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in Energy Transfer, with an average price target of $10.15.
The analysts price targets range from a high of $15 to a low of $6.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $11.63 billion and a net profit of $1.39 billion. The company's market cap is $21.99 billion.
According to TipRanks.com, Morgan Stanley analyst Devin McDermott is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.2% and a 33.83% success rate.
Energy Transfer LP provides natural gas pipeline transportation and transmission services. Its projects include Marcus Hook Industrial Complex, Mariner east Pipelines, Mont Belvieu facility, Lone Star Express (NYSE:EXPR) Expansion, Bakken Pipeline and Lake Charles LNG. Energy Transfer was founded in September 2002 and is headquartered in Dallas, TX.