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 highest price target was 24, implying a possible profit of 34.45 percent. The minimum price target given was 19, implying a possible loss 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. That number becomes 4.17 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -3.63 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.48 percent.

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. 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. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of ETE is 1.18.

In the trailing 52-weeks, ETE hit 20.05 at the highest peak, while it's lowest trading point was 13.77. 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's next earnings release will be on 0000-00-00, which is days away.