Energy Transfer Equity L.P. (ETE) : Analyst Rating Update

Energy Transfer Equity L.P. (ETE) : 8 analysts are covering Energy Transfer Equity L.P. (ETE) and their average rating on the stock is 2, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Energy Transfer Equity L.P. (ETE) : Currently there are 5 street experts covering Energy Transfer Equity L.P. (ETE) stock. The most bullish and bearish price target for the stock is $29 and $7 respectively for the short term. The average price target of all the analysts comes to $16.8. The estimated standard deviation from the target is $7.89.

Energy Transfer Equity L.P. (NYSE:ETE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.94 and $13.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.10, notching a gain of 7.02% for the day. The total traded volume was 13,951,358 . The stock had closed at $14.11 on the previous day.

Also, In a research note released to the investors, Jefferies maintains its rating on Energy Transfer Equity L.P. (NYSE:ETE).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Jefferies raises the new price target from $15 per share to $17 per share. The rating by the firm was issued on June 8, 2016. The company shares have dropped -55.19% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $33.06 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $13.23 and the 200 Day Moving Average price is recorded at $10.18.

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.

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