Analyst Research

Rating and Recommendations under Spotlight: Energy Transfer Equity LP (NYSE:ETE)

Energy Transfer Equity LP (NYSE:ETE) fell -4.73% during previous trade. Bernstein issued rating on the stock of Energy Transfer Equity LP (NYSE:ETE) in a research note issued to investors on Jan-09-17, the stock received “Downgrade” rating from Outperform to Mkt Perform. Additionally Bernstein issued their verdict on the stock of the company, on record date of Nov-08-16 the stock was “Upgraded” from Mkt Perform to Outperform besides that on Sep-30-16 Energy Transfer Equity LP (NYSE:ETE) was “Initiated” by Mizuho as Buy at $20. Furthermore on Sep-26-16 the stock was “Upgraded” by Robert W. Baird from Neutral to Outperform from $7 to $20.

Energy Transfer Equity LP (NYSE:ETE) shares ended last trading session at the price of $18.92 whereas a number of traders indicating mean target price will hit $19.50 over the next twelve months, mean value of price target most recently revised on 01/4/17. 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 2.18. 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 2/22/17. The company is expected to release $0.24 EPS for current quarter according to 12 analysts whereas the company reported $0.3 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $-0.05 and high estimate of $0.33. For the current year Energy Transfer Equity LP (NYSE:ETE) has set to release EPS of $0.96 as per the sentiments of 13 analysts, however according to 15 analysts, the company expected to release $1.17 EPS for next year.

Energy Transfer Equity LP (NYSE:ETE)’s average revenue estimates for the current quarter are $9.7B according to 5 number of analysts. However its lowest revenue estimates are $7.41B and highest revenue estimates are $11.12B. A year ago the company’s sales were $9.54B. Its yearly sales growth estimates are 1.70%. For the next quarter the company has anticipated average revenues of $9.94B, according to the sentiments of 6 analysts. For the current year the company has fixed $36.98B revenues, as per the opinion of 9 analysts. For the current year the company has low revenue estimates of $34.11B in contradiction of high revenue estimates of $42.61B. Whereas for the next year revenues are set at $44.89B by 9 analysts.

The stock exchanged hands 12.31M shares versus average trading capacity of 6.87M shares, while its shares’ total market worth is $20.09B along with 1.05B outstanding shares. Energy Transfer Equity LP (NYSE:ETE) shares were trading -5.64% below from the 52-week high price mark of $20.05 and +402.65% above from the 52-week price bottom of $3.76. However the company observed 52 week high price on 01/6/17 and witnessed 52 week low price on 02/08/16. The company’s price sits 11% above from its 50-day moving average of $17.97 and 28.78% far from the stock’s 200-day moving average which is $16.79. Energy Transfer Equity LP (NYSE:ETE)’s price to sales ratio for trailing twelve month stands at 0.54. However the company’s price to cash per share for most recent quarter stands at 41.38.

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