Energy Transfer Equity L.P. (ETE) Receives ‘Analyst’ Rating

Energy Transfer Equity L.P. (ETE) : 6 brokerage houses believe that Energy Transfer Equity L.P. (ETE) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 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 11 Wall Street Analysts endorse the stock as a Buy with a rating of 1.77.

Energy Transfer Equity L.P. (ETE) : 8 Wall Street analysts covering Energy Transfer Equity L.P. (ETE) believe that the average level the stock could reach for the short term is $18.38. The maximum price target given is $29 and the minimum target for short term is around $7, hence the standard deviation is calculated at $6.21.


Also, In the latest statement by the brokerage house, Morgan Stanley assumes its outlook on Energy Transfer Equity L.P. (NYSE:ETE). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm announces the price target at $20 per share. The rating by the firm was issued on August 15, 2016.

Energy Transfer Equity L.P. (NYSE:ETE): The stock opened in the green at $16.68 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $16.87 and a low of $16.54 for the day. The stock did not find buyers even at the lows and closed at $16.66 recording a loss of -0.18%. 4,784,805 shares exchanged hands during the trading day. The stock had closed at $16.69 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.

Leave a Reply

Get Pre-Market Alerts!

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