Credit Suisse Reiterates “Outperform” Rating for Energy Transfer Equity (ETE)
Energy Transfer Equity (NYSE:ETE)‘s stock had its “outperform” rating restated by Credit Suisse in a research note issued on Monday, AR Network reports.
A number of other firms have also recently commented on ETE. Analysts at Deutsche Bank raised their price target on shares of Energy Transfer Equity from $85.00 to $94.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Energy Transfer Equity from $79.00 to $95.00 in a research note to investors on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Energy Transfer Equity has a consensus rating of “Buy” and an average price target of $70.20.
Energy Transfer Equity (NYSE:ETE) traded down 1.36% during mid-day trading on Monday, hitting $79.72. 1,378,763 shares of the company’s stock traded hands. Energy Transfer Equity has a 1-year low of $47.24 and a 1-year high of $85.15. The stock has a 50-day moving average of $76.93 and a 200-day moving average of $67.31. The company has a market cap of $22.385 billion and a P/E ratio of 54.72.
Energy Transfer Equity (NYSE:ETE) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.58 by $0.04. The company had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $11.93 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 493.4% on a year-over-year basis. On average, analysts predict that Energy Transfer Equity will post $1.89 earnings per share for the current fiscal year.
Energy Transfer Equity, L.P. (NYSE:ETE) is a limited partnership engaged in natural gas operations and retail propane.
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