Energy Transfer Equity L.P. (ETE) : Traders are bullish on Energy Transfer Equity L.P. (ETE) as it has outperformed the S&P 500 by a wide margin of 9.87% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.5%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.83% in the last 1 week, and is up 9.64% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 6.3% and the fifty day Moving Average is 14.98%. Energy Transfer Equity, L.P. is up 58.96% in the last three month period. Year-to-Date the stock performance stands at 43.12%.
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. (NYSE:ETE): stock turned positive on Friday. Though the stock opened at $18.13, the bulls momentum made the stock top out at $18.21 level for the day. The stock recorded a low of $17.92 and closed the trading day at $18.19, in the green by 1.00%. The total traded volume for the day was 3,494,450. The stock had closed at $18.01 in the previous days trading.
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.