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 $16.8. The estimated standard deviation from the target is $7.89.
Shares of Energy Transfer Equity, L.P. rose by 0.14% in the last five trading days and 5.2% for the last 4 weeks. Energy Transfer Equity, L.P. is up 113.93% in the last 3-month period. Year-to-Date the stock performance stands at 11.15%. Also, Equity Analysts at the Jefferies maintains the rating on Energy Transfer Equity L.P. (NYSE:ETE). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $15 per share to $17 per share. The rating by the firm was issued on June 8, 2016.
Energy Transfer Equity L.P. (NYSE:ETE) : Zacks Investment Research ranks Energy Transfer Equity L.P. (NYSE:ETE) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.14, which indicates as a Buy.
Energy Transfer Equity L.P. (NYSE:ETE): The stock opened at $14.62 on Thursday but the bulls could not build on the opening and the stock topped out at $14.81 for the day. The stock traded down to $14.26 during the day, due to lack of any buying support eventually closed down at $14.37 with a loss of -2.24% for the day. The stock had closed at $14.70 on the previous day. The total traded volume was 10,690,281 shares.
In an insider trading activity, Mcreynolds John W, director officer (President) of Energy Transfer Equity, L.P. had purchased 84,667 shares on December 4, 2015 in a transaction. The price per share was $16.14 and the total amount of the disclosed transaction was $1,366,525.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.