Energy Transfer Equity, L.P. (ETE) Getting Somewhat Favorable Press Coverage, Study Shows
News headlines about Energy Transfer Equity, L.P. (NYSE:ETE) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Energy Transfer Equity, L.P. earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 45.8752766541998 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- Head-To-Head Review: Energy Transfer Equity, L.P. (ETE) vs. Cone Midstream Partners (CNNX) (americanbankingnews.com)
- Energy Transfer Equity LP (ETE) Sees Sluggish Weekly Performance – Akron Register (akronregister.com)
- Which MLP General Partner Has the Most ‘Buys’ and ‘Holds’? (finance.yahoo.com)
- Analyzing TC PipeLines, (TCP) & Energy Transfer Equity, L.P. (ETE) (americanbankingnews.com)
- What the Technical Indicators Tell Us about ETE, WMB, PAGP, and WGP (finance.yahoo.com)
A number of equities research analysts have recently commented on ETE shares. Deutsche Bank AG lowered their target price on Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, June 21st. Stifel Nicolaus started coverage on Energy Transfer Equity, L.P. in a research note on Thursday, July 13th. They set a “buy” rating and a $20.00 target price on the stock. Morgan Stanley upgraded Energy Transfer Equity, L.P. to a “buy” rating in a research note on Wednesday, August 30th. Royal Bank Of Canada reiterated a “buy” rating and set a $22.00 target price on shares of Energy Transfer Equity, L.P. in a research note on Wednesday, September 6th. Finally, Jefferies Group LLC lowered their target price on Energy Transfer Equity, L.P. from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Sunday, September 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Energy Transfer Equity, L.P. presently has a consensus rating of “Buy” and a consensus price target of $20.68.
Shares of Energy Transfer Equity, L.P. (NYSE:ETE) traded up 0.34% during midday trading on Wednesday, reaching $17.48. The company had a trading volume of 4,203,032 shares. The company has a 50 day moving average of $17.30 and a 200 day moving average of $17.83. The firm has a market capitalization of $18.86 billion, a price-to-earnings ratio of 22.04 and a beta of 1.90. Energy Transfer Equity, L.P. has a 12-month low of $13.77 and a 12-month high of $20.05.
Energy Transfer Equity, L.P. (NYSE:ETE) last posted its earnings results on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Energy Transfer Equity, L.P. had a net margin of 2.18% and a return on equity of 3.79%. The firm had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $11.41 billion. During the same period in the prior year, the company posted $0.23 EPS. The firm’s revenue was up 20.5% compared to the same quarter last year. Analysts anticipate that Energy Transfer Equity, L.P. will post $1.30 EPS for the current year.
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Energy Transfer Equity, L.P. Company Profile
Energy Transfer Equity, L.P. (ETE) owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. The Company’s segments include Investment in ETP, including the consolidated operations of ETP; Investment in Sunoco LP, including the consolidated operations of Sunoco LP; Investment in Lake Charles LNG, including the operations of Lake Charles LNG, and Corporate and Other.
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