What is the Market's View on Energy Transfer LP Unit (ET) Stock's Price and Volume Trends Wednesday?

The market has been high on Energy Transfer LP Unit (ET) stock recently. ET gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Energy Transfer LP Unit has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ET!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ET Stock Today?

Energy Transfer LP Unit (ET) stock is up 0.32% while the S&P 500 is lower by -0.24% as of 10:23 AM on Wednesday, Nov 30. ET is up $0.04 from the previous closing price of $12.41 on volume of 1,952,538 shares. Over the past year the S&P 500 has fallen -15.19% while ET is up 44.60%. ET earned $1.35 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.25. To screen for more stocks like Energy Transfer LP Unit click here.

More About Energy Transfer LP Unit

Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer also owns the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018. Click Here to get the full Stock Report for Energy Transfer LP Unit stock.