Analyst Ratings for Energy Transfer Equity L.P. (ETE)

Updated: 2017-07-29

Analysts covering Energy Transfer Equity L.P. (NYSE:ETE) have given it a consensus rating of Overweight. ETE had previously received a consensus rating of Overweight a month ago.

10 analysts declared ETE a buy, 3 issued an overweight rating, 6 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 2. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

ETE was given price targets by several analysts. The maximum price target given was 24, implying a possible profit of 34.45 percent. The minimum price target given was 19, implying potential capital losses of 6.44 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 6.52 percent. The average change in earnings estimates over the last 90 days is 4.17 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -3.63 percent. If we look at the last 90 days instead, we find a net average change of 2.48 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 1 analysts increased their quarterly estimates, while 2 analysts made negative revisions. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 2 analysts made negative revisions to their fiscal year's estimates.

ETE has an estimated earnings growth rate of 17.99 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. ETE has a PEG ratio of 1.18.

ETE has a 52-week high of 20.05 and a 52-week low of 13.77. Currently the stock is 29.63 percent higher than its low, and 10.97 percent below the high. ETE has a price/earnings ratio of 21.25. Investors typically compare the P/E ratio to a company's peers in the industry. The ETE value stock report compares ETE to some of its peers using value stock charts. The market cap of ETE is $19.49 billion. ETE will post this quarters earnings in days, on 0000-00-00.