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Barclays Sticks to Its Buy Rating for Energy Transfer (ET)

Tipranks - Tipranks - Fri Mar 6, 1:58AM CST

In a report released today, Theresa Chen from Barclays maintained a Buy rating on Energy Transfer, with a price target of $22.00.

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Chen covers the Energy sector, focusing on stocks such as Enterprise Products Partners, Energy Transfer, and Sunoco. According to TipRanks, Chen has an average return of 19.1% and a 77.03% success rate on recommended stocks.

In addition to Barclays, Energy Transfer also received a Buy from TipRanks – xAI’s xAi Oil and Gas Midstream in a report issued on February 20. However, on the same day, TipRanks – OpenAI downgraded Energy Transfer (NYSE: ET) to a Hold.

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Based on Energy Transfer’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $22.41 billion and a net profit of $1.46 billion. In comparison, last year the company earned a revenue of $19.54 billion and had a net profit of $1.08 billion

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