Energy Transfer ( (ET) ) has fallen by -8.25%. Read on to learn why.
Energy Transfer has experienced a notable decline in its stock price over the past week, dropping by 8.25%. This downturn is largely attributed to a bearish sentiment in the options market, where a significant volume of put options has been traded. The most active options include the Mar-25 19 puts and the 3/28 weekly 19 puts, with a high Put/Call Ratio indicating a preference for protective positions against potential downside.
Despite the recent price drop, there are positive signals from analysts. Citi has raised its price target for Energy Transfer from $20 to $22, maintaining a Buy rating. This optimistic outlook is based on the company’s higher than expected EBITDA guidance and substantial growth capital investments, which are expected to drive near-term growth.
Energy Transfer is also engaging with investors and analysts through informational sessions in Houston, aiming to provide insights into its business segments and growth projects. These efforts are part of the company’s strategy to enhance its market positioning and potentially counteract the recent negative sentiment in the stock market.