Zacks Rating on Energy Transfer Equity L.P. (ETE)

Energy Transfer Equity L.P. (ETE) : The consensus on Energy Transfer Equity L.P. (ETE) based on 10 analyst recommendation on the company stock is 1.85, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Energy Transfer Equity L.P. (ETE) : The highest short term price target forecast on Energy Transfer Equity L.P. (ETE) is $29 and the lowest target price is $7. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $18.38 with a standard deviation of $6.21.


Shares of Energy Transfer Equity, L.P. rose by 1.74% in the last five trading days and 14.32% for the last 4 weeks. Energy Transfer Equity, L.P. is up 51.33% in the last 3-month period. Year-to-Date the stock performance stands at 42.81%. Energy Transfer Equity L.P. (NYSE:ETE): stock turned positive on Tuesday. Though the stock opened at $17.76, the bulls momentum made the stock top out at $18.15 level for the day. The stock recorded a low of $17.76 and closed the trading day at $18.15, in the green by 1.57%. The total traded volume for the day was 3,322,565. The stock had closed at $17.87 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.

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