Energy Transfer LP the stock disclosed a move of -61.02% away from 50 day moving average and -64.60% away from 200 day moving average. Moving closer, we can see that shares have been trading -53.28% away off 20-day moving average. ET over recent time; they noted that 100098112 shares changed at hands contradiction to its average trading volume of 26343.99K. Traders and technical analysts have the ability to use volume to help measure the strength of a particular move. Investors may also view volume levels when the stock price is nearing significant support or resistance levels, in order to confirm a breakout in either direction. The stock changed -13.14% to recent value of $4.56. There are 3010.13M shares outstanding and 2314.77M shares are floated in market.
Energy Transfer LP (NYSE:ET) (“ET” or the “Joint Venture”) recently stated financial results for the quarter and year ended December 31, 2019.
ET stated net income attributable to partners for the three months ended December 31, 2019 of $1.01B, a raise of $395M contrast to the three months ended December 31, 2018. For the three months ended December 31, 2019, net income per limited partner unit (basic and diluted) was $0.38 per unit.
Adjusted EBITDA for the three months ended December 31, 2019 was $2.81B, a raise of $138M contrast to the three months ended December 31, 2018. Results were supported by continued strong performance among several of the Joint Venture’s core sections, with additional record operating performance in our NGL and refined products transportation and services section.
Distributable Cash Flow attributable to partners, as adjusted, for the three months ended December 31, 2019 was $1.55B, a raise of $30M contrast to the three months ended December 31, 2018. The increase was primarily Because of the increase in Adjusted EBITDA.
ET ’s shares are at -64.38% for the quarter and driving a -70.43% return over the course of the past year and is now at -64.46% since this point in 2019. The average volatility for the week and month was at -35.32% and -64.09% respectively.