Analyst Rating Update on Energy Transfer Equity L.P. (ETE)

Energy Transfer Equity L.P. (ETE) : The consensus on Energy Transfer Equity L.P. (ETE) based on 9 analyst recommendation on the company stock is 1.89, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Energy Transfer Equity L.P. (ETE) : The most positive equity analysts on Energy Transfer Equity L.P. (ETE) expects the shares to touch $29, whereas, the least positive believes that the stock will trade at $7 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $18.14 with an expected fluctuation of $6.67 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Credit Suisse reinstates its rating on Energy Transfer Equity L.P. (NYSE:ETE). In a research note issued to the investors, the brokerage major announces price-target of $20 per share.The shares have been rated Outperform. The rating by the firm was issued on July 26, 2016.


Energy Transfer Equity L.P. (NYSE:ETE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.30 and $16.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.82, notching a gain of 5.85% for the day. The total traded volume was 15,832,935 . The stock had closed at $15.89 on the previous day.

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.

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