Energy Transfer's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Energy Transfer (NYSE:ET) has seen a notable increase in options trading activity, with a mix of bearish and bullish sentiment among high-rolling investors. Benzinga's options scanner revealed 11 significant trades, indicating a price target range of $10.0 to $15.5. The trading volume and open interest analysis suggest increased liquidity and interest in ET's options. The company's stock price recently increased by 2.3%, with a current price of $15.58. An earnings announcement is expected in 20 days, and an analyst from Mizuho has set a price target of $19 with a Buy rating.
April 18, 2024 | 3:48 pm
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Energy Transfer has experienced significant options trading activity, with a mix of bearish and bullish sentiment. The stock price has recently increased by 2.3%, and an earnings announcement is expected soon. Mizuho has set a price target of $19.
The significant options trading activity, especially the bullish sentiment from some investors despite the overall mixed sentiment, suggests a positive outlook for ET's stock price in the short term. The recent price increase and the upcoming earnings announcement add to this optimism. The analyst rating from Mizuho with a price target of $19 further supports the potential for stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100