Energy Transfer (NYSE:ET) is set to give its latest quarterly earnings report on Wednesday, 2022-02-16. Here's what investors need to know before the announcement.
Analysts estimate that Energy Transfer will report an earnings per share (EPS) of $0.28.
Oil and gas stocks had a great year in 2021, and analysts expect the favorable energy market environment to continue in 2022. On Tuesday, Bank of America analyst Chase Mulvehill chose his five top stock picks for 2022 in the midstream oil and gas and MLP group.
If history is any guide, there may be trouble ahead for shares of Energy Transfer (NYSE:ET). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
Companies Reporting Before The Bell
• CooTek (Cayman) (NYSE:CTK) is projected to report quarterly earnings at $0.01 per share on revenue of $82.50 million.
A whale with a lot of money to spend has taken a noticeably bullish stance on Energy Transfer.
Looking at options history for Energy Transfer (NYSE:ET) we detected 10 strange trades.
Energy Transfer (NYSE:ET) reported quarterly earnings of $0.20 per share which missed the analyst consensus estimate of $0.28 by 28.57 percent. This is unchanged from the same period last year. The company reported