In the latest trading session, Energy Transfer LP (ET) closed at $9.24, marking a -0.65% move from the previous day. This move lagged the S&P 500's daily gain of 0.85%.Prior to today's trading, shares of the energy-related services provider had lost 0.21% over the past month. This has lagged the Oils-Energy sector's gain of 0.5% and was narrower than the S&P 500's loss of 0.37% in that time.ET will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.26, down 13.33% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $14.95 billion, up 50.16% from the prior-year quarter.For the full year, our Zacks Consensus Estimates are projecting earnings of $1.99 per share and revenue of $61.68 billion, which would represent changes of +929.17% and +58.35%, respectively, from the prior year.Investors should also note any recent changes to analyst estimates for ET. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.34% lower. ET currently has a Zacks Rank of #3 (Hold).Valuation is also important, so investors should note that ET has a Forward P/E ratio of 4.67 right now. For comparison, its industry has an average Forward P/E of 9.49, which means ET is trading at a discount to the group.The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 35% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Energy Transfer LP (ET): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research