Energy Transfer Equity (NYSE: ETE)
A number of other analysts have also recently weighed in on ETE. Analysts at Deutsche Bank raised their price target on shares of Energy Transfer Equity from $52.00 to $54.00 in a research note to investors on Friday, January 11th. They now have a ?buy? rating on the stock. Analysts at Wells Fargo initiated coverage on shares of Energy Transfer Equity in a research note to investors on Friday, November 9th. They set an ?outperform? rating and a $50.00 price target on the stock.
Six research analysts have rated the stock with a buy rating, two have issued an overweight rating, and one has assigned a hold rating to the stock. Energy Transfer Equity currently has an average rating of ?buy? and a consensus price target of $51.00. Energy Transfer Equity traded down 0.79% on Wednesday, hitting $48.74. Energy Transfer Equity has a 52-week low of $34.00 and a 52-week high of $49.34. The stock?s 50-day moving average is currently $46.83. The company has a market cap of $13.645 billion and a price-to-earnings ratio of 36.64. Energy Transfer Equity last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.25. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in 2012, the company posted $0.31 earnings per share. Energy Transfer Equity?s revenue was up 4.2% compared to the same quarter last year. Analysts expect that Energy Transfer Equity will post $1.74 EPS for the current fiscal year. Energy Transfer Equity, L.P. (ETE) is a limited partnership engaged in natural gas operations and retail propane.