Cone Midstream Partners (CNNX) vs. Energy Transfer Equity, L.P. (ETE) Head to Head Comparison
Cone Midstream Partners (NYSE: CNNX) and Energy Transfer Equity, L.P. (NYSE:ETE) are both oils/energy companies, but which is the superior investment? We will compare the two companies based on the strength of their valuation, profitability, dividends, analyst recommendations, earnings, institutional ownership and risk.
This table compares Cone Midstream Partners and Energy Transfer Equity, L.P.’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Cone Midstream Partners||45.95%||14.15%||11.74%|
|Energy Transfer Equity, L.P.||2.18%||3.79%||1.14%|
This is a summary of recent ratings and recommmendations for Cone Midstream Partners and Energy Transfer Equity, L.P., as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Cone Midstream Partners||0||4||4||0||2.50|
|Energy Transfer Equity, L.P.||0||3||10||0||2.77|
Cone Midstream Partners currently has a consensus target price of $23.29, suggesting a potential upside of 41.04%. Energy Transfer Equity, L.P. has a consensus target price of $21.00, suggesting a potential upside of 15.13%. Given Cone Midstream Partners’ higher probable upside, analysts plainly believe Cone Midstream Partners is more favorable than Energy Transfer Equity, L.P..
Institutional & Insider Ownership
37.0% of Cone Midstream Partners shares are owned by institutional investors. Comparatively, 48.4% of Energy Transfer Equity, L.P. shares are owned by institutional investors. 3.3% of Energy Transfer Equity, L.P. shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Volatility and Risk
Cone Midstream Partners has a beta of 1.63, meaning that its stock price is 63% more volatile than the S&P 500. Comparatively, Energy Transfer Equity, L.P. has a beta of 1.9, meaning that its stock price is 90% more volatile than the S&P 500.
Valuation and Earnings
This table compares Cone Midstream Partners and Energy Transfer Equity, L.P.’s gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Cone Midstream Partners||$234.05 million||4.49||$150.90 million||$1.67||9.89|
|Energy Transfer Equity, L.P.||$42.15 billion||0.47||$5.53 billion||$0.79||23.09|
Energy Transfer Equity, L.P. has higher revenue and earnings than Cone Midstream Partners. Cone Midstream Partners is trading at a lower price-to-earnings ratio than Energy Transfer Equity, L.P., indicating that it is currently the more affordable of the two stocks.
Cone Midstream Partners pays an annual dividend of $1.17 per share and has a dividend yield of 7.1%. Energy Transfer Equity, L.P. pays an annual dividend of $1.14 per share and has a dividend yield of 6.3%. Cone Midstream Partners pays out 70.1% of its earnings in the form of a dividend. Energy Transfer Equity, L.P. pays out 144.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Energy Transfer Equity, L.P. has raised its dividend for 4 consecutive years. Cone Midstream Partners is clearly the better dividend stock, given its higher yield and lower payout ratio.
Energy Transfer Equity, L.P. beats Cone Midstream Partners on 9 of the 17 factors compared between the two stocks.
Cone Midstream Partners Company Profile
CONE Midstream Partners LP is a master limited partnership formed by CONSOL Energy Inc. (CONSOL) and Noble Energy, Inc. (Noble Energy). The Company owns, operates, develops and acquires natural gas gathering and other midstream energy assets to service CONSOL’s and Noble Energy’s production in the Marcellus Shale in Pennsylvania and West Virginia. Its assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities. It operates through three segments: Anchor Systems, Growth Systems and Additional Systems. Its Anchor Systems include developed midstream systems, including its three midstream systems (the McQuay System, the Majorsville System and the Mamont System) and related assets. Its Growth Systems are located in the dry gas regions of its dedicated acreage. Its Additional Systems include various gathering systems located in the wet gas regions of its dedicated acreage.
Energy Transfer Equity, L.P. Company Profile
Energy Transfer Equity, L.P. (ETE) owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. The Company’s segments include Investment in ETP, including the consolidated operations of ETP; Investment in Sunoco LP, including the consolidated operations of Sunoco LP; Investment in Lake Charles LNG, including the operations of Lake Charles LNG, and Corporate and Other. Its Investment in ETP segment includes the ETP’s operations, which include intrastate transportation and storage operations; interstate transportation and storage operations; midstream operations; liquids transportation and services operations; ETP’s Investment in Sunoco Logistics; Retail Marketing operations, and ETP’s other operations and Investments. The Investment in Sunoco LP segment includes wholesale operations and retail operations. Lake Charles LNG owns a LNG import terminal and regasification facility located on Louisiana’s Gulf Coast.
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