Energy Transfer Equity L.P. (ETE) : 5 brokerage houses believe that Energy Transfer Equity L.P. (ETE) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Energy Transfer Equity L.P. (ETE). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 1.89.
Energy Transfer Equity L.P. (ETE) : Currently there are 7 street experts covering Energy Transfer Equity L.P. (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 $18.14. The estimated standard deviation from the target is $6.67.
For the current week, the company shares have a recommendation consensus of Buy. Energy Transfer Equity L.P. (NYSE:ETE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.80 and $16.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.95, notching a gain of 2.05% for the day. The total traded volume was 4,335,121 . The stock had closed at $16.61 on the previous day.
In a related news, Mcreynolds John W, director officer (President) of Energy Transfer Equity, L.P., had purchased 84,667 shares on December 4, 2015. The total value of the transaction was $1,366,525. The information was disclosed with the SEC 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.