Should I Buy ET? ET 2026 Analysis

Should You Buy Energy Transfer LP (ET) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Buy

Latest Price

17.940

1 Day change

-1.37%

52 Week Range

21.110

Analysis Updated At

2026/02/04

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Buy now (tactical entry): ET is deeply oversold (RSI-6 ~15.6) while options positioning is aggressively bullish (very low put/call ratios), which favors a near-term rebound.
Near-term catalyst window: QDEC 2025 earnings on 2026-02-17 (pre-market) can act as a sentiment trigger; buying while sentiment/technicals are washed out fits an impatient “act now” approach.
Flows support the long side: Hedge funds show strong recent net buying; insider activity is neutral.
Trade plan framing: Expect a bounce/mean reversion setup rather than a clean new uptrend (moving averages remain bearish).

Intellectia Proprietary Trading Signals

AI Stock Picker: No signal on given stock today.
SwingMax: No signal on given stock recently.

Technical Analysis

Trend: Still bearish/downswing (SMA_200 > SMA_20 > SMA_5), so the primary trend is down.
Momentum: MACD histogram -0.0626 (below 0) but negatively contracting → downside momentum is fading, often a precondition for a bounce.
Overbought/oversold: RSI_6 15.626 → extremely oversold; statistically increases odds of a snapback.
Key levels (from provided pivots): Prior resistance bands listed around 17.46–17.73; with price at 18.37, ET is above those levels, so they likely act as near support on pullbacks. Next overhead reference becomes the $19 area (psychological / prior analyst PT cluster at $19–$22).

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Positioning/Sentiment: Open interest put/call 0.2 and volume put/call 0.05 → strongly call-skewed, indicating bullish positioning/speculation.
Volatility: 30D IV 24.22 vs historical vol 17.02 → options are pricing elevated movement vs realized; IV percentile 45.42 (mid-range), IV rank 23.01 (not extreme).
Activity: Today’s option volume 48,801 at ~92.5% of 30D average → active but not a blow-off; open interest also near normal (~95% of avg).

Technical Summary

Sell

Buy

Positive Catalysts

- Earnings catalyst: QDEC 2025 earnings on 2026-02-17 pre-market (Street EPS est. 0.34) could re-rate the shares if guidance/cash flow tone is solid.
- Sector narrative: News flow emphasizes midstream’s fee-based stability and high yield; ET repeatedly highlighted as a top high-yield name.
- Institutional flows: Hedge funds reported as buying heavily over the last quarter.
- Street targets imply upside: Multiple Outperform ratings with targets $21–$22 suggest upside vs $18.37.

Neutral/Negative Catalysts

- Primary trend still down: Bearish moving-average stack means bounces can fail until trend improves.
- Fundamental softness (recent YoY): Revenue/earnings declines in the latest provided quarter can cap enthusiasm without a clear inflection.
- Distribution credibility overhang: News notes ET’s past distribution cut (pandemic-era), which can keep some income investors favoring peers.
- Analyst skepticism on catalysts: Morgan Stanley’s downgrade cited a lack of catalysts to close ET’s valuation discount to peers.

Financial Performance

Latest quarter provided: 2025/Q3
Revenue: $19.954B, -3.94% YoY (top-line contraction).
Net income: $959M, -13.99% YoY (profit down faster than revenue).
EPS: $0.28, -12.50% YoY (earnings pressure).
Gross margin: 19.81%, +7.26% YoY (margin improvement helps, but not enough to offset net income decline).

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent rating/target trend: Targets mostly cluster $19–$22 with mixed revisions: Scotiabank raised to $22 (Outperform), RBC lowered slightly to $21 (Outperform), while Morgan Stanley turned more cautious (downgrade to Equal Weight; $19 target).
Wall St. pros: LNG/power-demand tailwinds and midstream stability; multiple Outperform ratings; upside implied by $21–$22 targets.
Wall St. cons: Concern about limited near-term catalysts to re-rate vs peers; some skepticism that ET can close its valuation discount without a specific event path.
Influential/political trading: No recent congress trading data available; insider trend is neutral.

11 Analyst Rating

Wall Street analysts forecast ET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ET is 20.65 USD with a low forecast of 17 USD and a high forecast of 23 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

7 Buy

4 Hold

0 Sell

Moderate Buy

Current: 18.190

Low

Averages

20.65

High

Current: 18.190

Low

Averages

20.65

High

RBC Capital

Outperform

NULL

downgrade

$22 -> $21

AI Analysis

2026-01-28

Reason

RBC Capital

Price Target

$22 -> $21

AI Analysis

2026-01-28

downgrade

Outperform

NULL

Reason

RBC Capital lowered the firm's price target on Energy Transfer LP to $21 from $22 and keeps an Outperform rating on the shares as part of a broader research note previewing Q4 for U.S. Midstream. Commodity prices and production curtailments are driving most of the firm's estimate changes, the analyst tells investors in a research note. RBC adds that while in Q4, natural gas focused names underperformed the broader group on AI bubble concerns, the firm still likes the natural gas growth story and expects it to remain a key theme throughout earnings season.

Scotiabank

Brandon Bingham

Outperform

maintain

$21 -> $22

2026-01-16

Reason

Scotiabank

Brandon Bingham

Price Target

$21 -> $22

2026-01-16

maintain

Outperform

Reason

Scotiabank analyst Brandon Bingham raised the firm's price target on Energy Transfer LP to $22 from $21 and keeps an Outperform rating on the shares. The firm is updating its price targets for Energy Infrastructure stocks under its coverage, the analyst tells investors. Scotiabank notes tailwinds from strong power demand and LNG exports are driving increased opportunities, leading the firm to believe there is an upward bias to its long-term estimates.

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ET Should I Buy

ET Should I Buy

Should You Buy Energy Transfer LP (ET) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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