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.

Investment analysts gave a few price targets for ETE. The most optimistic price target was 24, implying a possible profit of 34.45 percent. The most pessimistic analyst gave a price target of 19, which equates to a potential downside of 6.44 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

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

People are often interested in whether analysts were united in the direction of their revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts revised their estimates downwards. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, 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. 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. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. ETE has a PEG ratio of 1.18.

ETE has traded between a high of 20.05 and a low of 13.77 over the past year. Currently the stock is 29.63 percent higher than its low, and 10.97 percent below the high. ETE has a P/E 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.