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.

Several price targets were given for ETE by the analysts covering the stock. The most optimistic price target was 24, which equates to a potential upside of 34.45 percent. The most pessimistic price target was 19, which equates to a potential downside of 6.44 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 6.52 percent. That number becomes 4.17 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -3.63 percent, as compared to a month ago. 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. 1 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Over the same time period, 1 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.

The growth rate of ETE's earnings is estimated by analysts to be 17.99 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of ETE is 1.18.

In the last 52-weeks, ETE has achieved a high of 20.05 and a low of 13.77. Today's price is 29.63 percent above the 52-week low, and below the high by 10.97 percent. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.