Analyst Research

Broker’s Roundup on Rating and Recommendations: Energy Transfer Equity LP (NYSE:ETE)

Energy Transfer Equity LP (NYSE:ETE) fell -0.50% during previous trade. Bernstein issued rating on the stock of Energy Transfer Equity LP (NYSE:ETE) in a research note issued to investors on Nov-8-16, the stock received “Upgrade” rating from Mkt Perform to Outperform. Additionally Mizuho issued their verdict on the stock of the company, on record date of Sep-30-16 the stock was “Initiated” as Buy at $20 besides that on Sep-26-16 Energy Transfer Equity LP (NYSE:ETE) was “Upngraded” by Robert W. Baird from Neutral to Outperform from $7 to $20. Furthermore on Sep-2-16 the stock was “Resumed” by JP Morgan as Overweight.

Energy Transfer Equity LP (NYSE:ETE) shares ended last trading session at the price of $14 whereas a number of traders indicating mean target price will hit $19.11 over the next twelve months, mean value of price target most recently revised on 10/13/16. Energy Transfer Equity LP (NYSE:ETE)’s highest estimates of price target are $23 and low forecast is $15 based on the opinion of 18 analysts. The price target estimates represents a standard deviation of 2.09. However brokerage recommendations suggests an ABR of 1.71 based on calls of 12 experts, where 7 brokers polls the stock a Strong Buy, 1 suggest the stock a Buy, 4 suggest Hold, 0 are rating the stock as Sell while 0 as Strong Sell.

Energy Transfer Equity LP (NYSE:ETE) is expected to release the earnings of its current quarter on 11/9/16 After Market Close. The company is expected to release $0.25 EPS for current quarter according to 11 analysts whereas the company reported $0.28 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $-0.03 and high estimate of $0.42. For the current year Energy Transfer Equity LP (NYSE:ETE) has set to release EPS of $1.03 as per the sentiments of 13 analysts, however according to 15 analysts, the company expected to release $1.35 EPS for next year.

Energy Transfer Equity LP (NYSE:ETE)’s average revenue estimates for the current quarter are $9.51B according to 5 number of analysts. However its lowest revenue estimates are $7.36B and highest revenue estimates are $11.3B. A year ago the company’s sales were $10.62B. Its yearly sales growth estimates are -10.40%. For the next quarter the company has anticipated average revenues of $9.67B, according to the sentiments of 5 analysts. For the current year the company has fixed $37.21B revenues, as per the opinion of 7 analysts. For the current year the company has low revenue estimates of $31.93B in contradiction of high revenue estimates of $42.61B. Whereas for the next year revenues are set at $44.58B by 10 analysts.

The stock exchanged hands 5.16M shares versus average trading capacity of 4.72M shares, while its shares’ total market worth is $14.91B along with 1.04B outstanding shares. Energy Transfer Equity LP (NYSE:ETE) shares were trading -26.55% below from the 52-week high price mark of $19.06 and +271.94% above from the 52-week price bottom of $3.76. However the company observed 52 week high price on 11/17/15 and witnessed 52 week low price on 02/08/16. The company’s price sits -13.25% below from its 50-day moving average of $15.95 and 12.30% far from the stock’s 200-day moving average which is $15.27. Energy Transfer Equity LP (NYSE:ETE)’s price to sales ratio for trailing twelve month stands at 0.41. However the company’s price to cash per share for most recent quarter stands at 32.07.

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