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NOV Q4 Earnings Surpass Estimates, Revenues Increase Y/Y
Zacks Investment Research· 2024-02-02 14:05
NOV Inc. (NOV) reported fourth-quarter 2023 adjusted earnings of 54 cents per share, which beat the Zacks Consensus Estimate of 41 cents. Moreover, the bottom line improved from the year-ago quarter’s level of 26 cents due to improving execution, customer demand and pricing.NOV’s total revenues of $2.34 billion surpassed the Zacks Consensus Estimate by 3.5% and rose 11.4% from the year-ago quarter’s figure of $2.1 billion.The improvement in both earnings and revenues can be attributed to the robust performa ...
Energy Transfer LP (ET) Rises Yet Lags Behind Market: Some Facts Worth Knowing
Zacks Investment Research· 2024-01-29 23:51
Energy Transfer LP (ET) closed the latest trading day at $14.53, indicating a +0.48% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.76%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.Shares of the energy-related services provider have appreciated by 4.78% over the course of the past month, outperforming the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5%.The investment comm ...
Energy Transfer (ET) Raises Quarterly Distribution Rate by 0.8%
Zacks Investment Research· 2024-01-29 14:26
Energy Transfer (ET) announced that its board of directors has approved a 0.8% increase in its quarterly cash distribution rate. The new distribution rate will be 31.5 cents per unit compared with the previous quarter’s 31.25 cents, payable on Feb 20, 2024, to unitholders of record as of Feb 7, 2024.This increase resulted in an annualized distribution of $1.26 per unit compared with the previous level of $1.25.Can Energy Transfer Sustain Distribution Hikes?Energy Transfer owns and operates a diversified por ...
Energy Transfer: Buy, Sell, or Hold?
The Motley Fool· 2024-01-29 14:16
Investors looking for an ultra-high-yield investment opportunity will likely be attracted to Energy Transfer (ET 1.26%). This midstream master limited partnership (MLP) is offering a huge 8.7% distribution yield, which is well above the market's scant 1.4% yield. But Energy Transfer isn't the only option in the midstream sector to consider. Comparing it to industry bellwether Enterprise Products Partners (EPD 0.37%) may help you make a better buy, sell, or hold decision.Energy Transfer's yield is a winner, ...
3 Great Dividend Stocks to Spice Up Your Portfolio
The Motley Fool· 2024-01-27 18:32
Dividend stocks don't have to be boring. Some can really spice up your portfolio by providing diversification, extra income potential, or a supercharged yield.In that category, Franco-Nevada (FNV -0.97%), Diamondback Energy (FANG -0.05%), and Energy Transfer (ET 1.26%) stand out to a few Fool.com contributors as strong contenders to enhance any dividend stock portfolio. All that's gold doesn't glitterReuben Gregg Brewer (Franco-Nevada): As a streaming and royalty company, Franco-Nevada provides cash up fron ...
Energy Transfer Announces Increase in Quarterly Cash Distribution
Businesswire· 2024-01-25 21:15
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced an increase in its quarterly cash distribution to $0.3150 per Energy Transfer common unit ($1.26 on an annualized basis) for the fourth quarter ended December 31, 2023. This cash distribution per Energy Transfer common unit will be paid on February 20, 2024 to unitholders of record as of the close of business on February 7, 2024, and is an increase of 3.3 percent as compared to the fourth quarter of 2022. In addition, as previously ann ...
Energy Transfer LP (ET) Rises Higher Than Market: Key Facts
Zacks Investment Research· 2024-01-23 23:50
Energy Transfer LP (ET) ended the recent trading session at $13.94, demonstrating a +0.43% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.29% gain on the day. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.43%.The energy-related services provider's stock has climbed by 0.87% in the past month, exceeding the Oils-Energy sector's loss of 5.56% and lagging the S&P 500's gain of 2.08%.The investment community will be closely monitoring the performanc ...
Is Energy Transfer LP (ET) a Solid Growth Stock? 3 Reasons to Think "Yes"
Zacks Investment Research· 2024-01-23 18:46
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...
Brokers Suggest Investing in Energy Transfer LP (ET): Read This Before Placing a Bet
Zacks Investment Research· 2024-01-23 15:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Energy Transfer LP (ET) .Energy Transfer LP currently has an average broke ...
Why Fast-paced Mover Energy Transfer LP (ET) Is a Great Choice for Value Investors
Zacks Investment Research· 2024-01-23 14:51
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...