The shares of Energy Transfer Equity LP (NYSE:ETE)currently has mean rating of 2.4 while 2 analyst have recommended the shares as ‘BUY’ ,2 recommended as ‘OUTPERFORM’ and 6 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell
The mean price target for the shares of Energy Transfer Equity LP (NYSE:ETE)is at $13.75 while the highest price target suggested by the analysts is $23.00 and low price target is $7.00. The mean price target is calculated keeping in view the consensus of 8 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 9.27B by 5 analysts. The means estimate of sales for the year ending Dec 16 is 39.77B by 5 analysts.
The average estimate of EPS for the current fiscal quarter for Energy Transfer Equity LP (NYSE:ETE)stands at $0.35 while the EPS for the current year is fixed at $1.26 by 6.00 analysts
The next one year’s EPS estimate is set at 1.69 by 8.00 analysts while a year ago the analysts suggested the company’s EPS at $1.26. The analysts also projected the company’s long-term growth at 23.39% for the upcoming five years
In its latest quarter ended on 31 Mar 2016 , Energy Transfer Equity LP (NYSE:ETE)reported earnings of $0.30. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 3.40%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Energy Transfer Equity LP (NYSE:ETE) traded up +0.00% during trading on Friday, hitting $14.99 . The stock had a trading volume of 12.4 M shares. The firm has a 50 day moving average of $12.98 and a 200-day moving average of $10.20. The stock has a market cap of $14.99B and a price-to-earnings ratio of 12.49. On Jul 13, 2015 the shares registered one year high at $33.06 and the one year low was seen on Feb 8, 2016.
Energy Transfer Equity, L.P. provides diversified energy-related services in the Unites States. It owns and operates approximately 7,500 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,300 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Its midstream operations include ownership and operation of approximately 35,000 miles of in service natural gas pipelines, 31 natural gas processing plants, 21 natural gas treating facilities, and 4 natural gas conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, and Louisiana; operation of natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas, as well as a natural gas gathering system in Ohio; and transportation and supply of water to natural gas producers in Pennsylvania. The companys natural gas liquid (NGL) transportation and services operations include ownership of approximately 2,000 miles of NGL pipelines, three NGL processing plants, four NGL and propane fractionation facilities, and NGL storage facilities. It also sells gasoline and middle distillates at retail; operates convenience stores primarily on the east coast and in the Midwest region of the United States; and gathers, purchases, stores, transports, markets, and sells crude oil, NGLs, and refined products. In addition, it provides natural gas compression services; treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates a total of 75 megawatts electrical power. The company was founded in 2002 and is based in Dallas, Texas.