Energy Transfer Equity Hits New 52-Week High at $86.21 (ETE)
Shares of Energy Transfer Equity (NYSE:ETE) hit a new 52-week high during trading hours on Friday, American Banking News.com reports. The company traded as high as $86.21 and last traded at $84.92, with a volume of 736,021 shares trading hands. The stock had previously closed at $84.64.
ETE has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. raised their price target on shares of Energy Transfer Equity to $103.00 in a research note to investors on Monday. Separately, analysts at Credit Suisse initiated coverage on shares of Energy Transfer Equity in a research note to investors on Tuesday, January 7th. They set a “focus list” rating and a $100.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Energy Transfer Equity in a research note to investors on Monday, January 6th. Two research 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 stock has a consensus rating of “Buy” and a consensus target price of $80.55.
Energy Transfer Equity has a one year low of $48.10 and a one year high of $85.15. The stock has a 50-day moving average of $79.21 and a 200-day moving average of $68.90. The company has a market cap of $23.615 billion and a price-to-earnings ratio of 57.31.
Energy Transfer Equity (NYSE:ETE) last released its earnings data on Tuesday, November 5th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ 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 previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 493.4% on a year-over-year basis. Analysts expect that Energy Transfer Equity will post $1.85 EPS 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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