Zacks Investment Research upgraded Energy Transfer Equity LP (NYSE:ETE) to Hold in a report released today.
- Updated: October 16, 2016
Zacks Investment Research has upgraded Energy Transfer Equity LP (NYSE:ETE) to Hold in a statement released on Tuesday October 11, 2016.
Just yesterday Energy Transfer Equity LP (NYSE:ETE) traded 0.38% higher at $15.77. Energy Transfer Equity LP’s 50-day moving average is $16.97 and its 200-day moving average is $14.37. With the last stock price close up 9.43% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 4,097,555 shares of ETE changing hands under the typical 5,813,500
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Energy Transfer Equity LP has a 52 week low of $4.00 and a 52 week high of $23.53 with a P/E ratio of 14.36 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 8 brokers have issued a research note on the company. The average stock price target is $13.50 with 2 brokers rating the stock a strong buy, 2 analysts rating the company a buy, six analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For Energy Transfer Equity LP (NYSE:ETE)
Energy Transfer Equity, L.P. (ETE) directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The Company, through its family of companies, owns and operates over 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines. 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. The Company's subsidiaries include ETP, Energy Transfer Partners, L.L.C. (ETP LLC), Panhandle Eastern Pipe Line Company, LP and its subsidiaries (Panhandle), Sunoco Logistics Partners L.P. (Sunoco Logistics), Energy Transfer Partners GP, L.P. (ETP GP), Sunoco LP, Lake Charles LNG Company, LLC (Lake Charles LNG) and ETP Holdco Corporation (ETP Holdco).
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