Price Target Update on Energy Transfer Equity L.P. (NYSE:ETE)

Energy Transfer Equity L.P. (NYSE:ETE) : Currently there are 5 street experts covering Energy Transfer Equity L.P. (NYSE:ETE) stock. The most bullish and bearish price target for the stock is $29 and $7 respectively for the short term. The average price target of all the analysts comes to $15.6. The estimated standard deviation from the target is $8.47.

Other Equity analysts have also commented on the company shares. Brokerage firm Jefferies maintains its rating on Energy Transfer Equity L.P. (NYSE:ETE). As per the latest information, the brokerage house raises the price target to $17 per share from a prior target of $15. The shares have been rated Buy. The rating by the firm was issued on June 8, 2016.

Energy Transfer Equity L.P. (NYSE:ETE): The stock was completely flat for the day, closing at $14.35 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $14.70, the stock touched an intraday high of $14.99 and a low of $14.13. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $14.35. The total trading volume on Thursday was 12,377,294.

The company shares have dropped -54.57% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $33.06 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $12.91 and the 200 Day Moving Average price is recorded at $10.17. On the companys insider trading activities, Mcreynolds John W, director officer (President) of Energy Transfer Equity, L.P., executed a transaction worth $1,366,525 on December 4, 2015. A total of 84,667 shares were purchased at an average price of $16.14. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Energy Transfer Equity, L.P. (ETE) is a limited partnership company. The Company, directly and indirectly, owns equity interests in Energy Transfer Partners, L.P. (ETP) and Regency Energy Partners LP (Regency), both of which are master limited partnerships engaged in diversified energy-related services. Its segments include Investment in ETP, including the consolidated operations of ETP and Regency; Investment in Lake Charles LNG, including the operations of Lake Charles LNG Company, LLC (Lake Charles LNG), and Corporate and Other, including the activities of ETE. The Companys Lake Charles LNG provides terminal services for shippers by receiving liquefied natural gas (LNG) at the facility for storage and delivering such liquefied natural gas (LNG) to shippers. It, through ETP, operates various brands, such as Sunoco, Stripes, Aplus, Aloha Island Mart, Exxon, Mobil, Valero, Shell and Chevron. In March 2015, ETE transferred its 45% interest in the Bakken Pipeline project to ETP.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.