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.

A number of analysts gave price targets for ETE. The most optimistic price target was 24, implying potential capital gains of 34.45 percent. The lowest price target was 19, implying potential capital losses of 6.44 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Analysts have revised their earnings estimates upwards for this quarter, by about 6.52 percent on average, compared to last month. 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.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 1 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. Also over the last month, 1 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.

ETE has an estimated earnings growth rate of 17.99 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. ETE has a PEG ratio of 1.18.

In the trailing 52-weeks, ETE hit 20.05 at the highest peak, while it's lowest trading point was 13.77. The current market price is above the trailing year's low by 29.63 percent, and 10.97 percent lower than its 52-week 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.