Energy Transfer Equity L.P. (ETE) : The consensus price target for Energy Transfer Equity L.P. (ETE) is $18.38 for the short term with a standard deviation of $6.21. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $29, however, the pessimist price target for the company is $7.
Energy Transfer Equity L.P. (ETE) has an average broker rating of 1.85, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Also, Equity analysts at the Brokerage firm Morgan Stanley assumes 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 Morgan Stanley announces a current price target of $20 per share. The rating by the firm was issued on August 15, 2016.
Energy Transfer Equity L.P. (NYSE:ETE): The stock opened at $17.75 on Thursday but the bulls could not build on the opening and the stock topped out at $17.97 for the day. The stock traded down to $17.67 during the day, due to lack of any buying support eventually closed down at $17.81 with a loss of -0.50% for the day. The stock had closed at $17.90 on the previous day. The total traded volume was 7,001,768 shares.
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.