Energy Transfer Equity Now Covered by Credit Suisse (ETE)
Credit Suisse began coverage on shares of Energy Transfer Equity (NYSE:ETE) in a research note issued on Tuesday, AnalystRatings.NET reports. The firm set a “focus list” rating and a $100.00 price target on the stock. Credit Suisse’s price objective suggests a potential upside of 25.44% from the stock’s previous close.
Shares of Energy Transfer Equity (NYSE:ETE) traded down 0.80% during mid-day trading on Tuesday, hitting $79.08. The stock had a trading volume of 211,634 shares. Energy Transfer Equity has a 52-week low of $47.94 and a 52-week high of $85.15. The stock’s 50-day moving average is $77.22 and its 200-day moving average is $67.65. The company has a market cap of $22.206 billion and a price-to-earnings ratio of 53.97.
Energy Transfer Equity (NYSE:ETE) last released its earnings data on Tuesday, November 5th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the 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.
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 analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $73.93.
Energy Transfer Equity, L.P. (NYSE:ETE) is a limited partnership engaged in natural gas operations and retail propane.
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