Energy Transfer Equity L.P. (ETE) : 7 investment research analysts covering Energy Transfer Equity L.P. (ETE) have an average price target of $17.71 for the near short term. The highest target price given by the Brokerage Firm to the stock is $29 and the lowest target is $7 for the short term. Analysts expect the variance to be within $6.63 of the average price.
Energy Transfer Equity L.P. (ETE) reported a drop of 13.8% or 6,165,619 shares in its short interest. The short figure came in at 5.1% of the total floats. The average daily volume of 17,008,739 shares suggests that the days to cover 38,369,955 short positions, as on June 30,2016, will be 2. On June 15,2016, the short interest was 44,535,574 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity analysts at the Brokerage firm Barclays reinstates its rating on Energy Transfer Equity L.P. (NYSE:ETE). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays announces a current price target of $20 per share. The rating by the firm was issued on July 5, 2016.
Energy Transfer Equity L.P. (NYSE:ETE): stock turned positive on Thursday. Though the stock opened at $16.15, the bulls momentum made the stock top out at $16.6 level for the day. The stock recorded a low of $16.085 and closed the trading day at $16.4, in the green by 3.02%. The total traded volume for the day was 31,879,187. The stock had closed at $15.92 in the previous days trading.
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.