Energy Transfer Equity Sets New 1-Year High at $61.00 (ETE)
Energy Transfer Equity (NYSE:ETE) reached a new 52-week high on Thursday , Analyst Ratings.Net reports. The company traded as high as $61.00 and last traded at $60.85, with a volume of 639,077 shares changing hands. The stock had previously closed at $60.00.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Energy Transfer Equity in a research note on Monday, August 11th. They now have a $61.00 price target on the stock, up previously from $54.00. Separately, analysts at RBC Capital raised their price target on shares of Energy Transfer Equity from $61.00 to $63.00 in a research note on Monday, August 11th. Finally, analysts at Deutsche Bank raised their price target on shares of Energy Transfer Equity from $53.00 to $67.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Seven equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $62.00.
The stock’s 50-day moving average is $57.22 and its 200-day moving average is $51.10. The company has a market cap of $33.143 billion and a price-to-earnings ratio of 107.53.
Energy Transfer Equity (NYSE:ETE) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.04. The company had revenue of $14.14 billion for the quarter, compared to the consensus estimate of $13.13 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Analysts expect that Energy Transfer Equity will post $1.18 EPS for the current fiscal year.
Energy Transfer Equity, L.P. (NYSE:ETE) is a limited partnership company.
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