ET Underperforms Its Industry in Three Months: How to Play the Stock?

Key Takeaways ET gained 14.1% in three months, lagging its industry and sector despite a vast U.S. pipeline network.Energy Transfer gets nearly 90% of revenues from fees and expanded Transwestern capacity to 2.3 Bcf/d.ET trades at 10.1x EV/EBITDA, below industry, while ROE of 10.17% trails peers.Units of Energy Transfer LP (ET) have rallied 14.1% in the past three months compared with the Zacks Oil and Gas - Production Pipeline - MLB industry’s growth of 16% and the Zacks Oil-Energy sector’s rally of 19.2%. ...