Somewhat Positive Media Coverage Somewhat Unlikely to Impact Energy Transfer Equity, L.P. (ETE) Share Price
News headlines about Energy Transfer Equity, L.P. (NYSE:ETE) have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Energy Transfer Equity, L.P. earned a news impact score of 0.05 on Accern’s scale. Accern also gave media stories about the pipeline company an impact score of 47.7996086043715 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- Go long Energy Transfer Partners but short ETE, Hedgeye says (seekingalpha.com)
- Energy Transfer: Why A Good Quarter Could Not Help The Stock (seekingalpha.com)
- Analysts Viewpoints: Energy Transfer Equity LP (ETE) – AppsforPCdaily (appsforpcdaily.com)
- Technical observation on Energy Transfer Equity, LP (ETE) – Stocks Gallery (stocksgallery.com)
- Ensnaring Stocks: Energy Transfer Equity, LP, (NYSE: ETE), Equifax Inc., (NYSE: EFX), Intrepid Potash, Inc., (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
A number of research analysts have issued reports on ETE shares. Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Energy Transfer Equity, L.P. in a research report on Monday, October 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $20.00 target price on shares of Energy Transfer Equity, L.P. in a research report on Thursday, October 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $22.00 target price on shares of Energy Transfer Equity, L.P. in a research report on Wednesday, September 6th. Morgan Stanley upgraded Energy Transfer Equity, L.P. to a “buy” rating in a research report on Wednesday, August 30th. Finally, Goldman Sachs Group, Inc. (The) upgraded Energy Transfer Equity, L.P. from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $21.63.
Energy Transfer Equity, L.P. (NYSE ETE) traded down $0.75 during trading hours on Tuesday, hitting $16.72. The stock had a trading volume of 11,338,800 shares, compared to its average volume of 5,356,565. The company has a market capitalization of $18,853.36, a PE ratio of 20.80 and a beta of 1.90. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.11 and a current ratio of 1.36. Energy Transfer Equity, L.P. has a 52 week low of $15.03 and a 52 week high of $20.05.
Energy Transfer Equity, L.P. (NYSE:ETE) last announced its earnings results on Tuesday, November 7th. The pipeline company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.12). Energy Transfer Equity, L.P. had a net margin of 2.29% and a return on equity of 3.84%. The company had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $16.25 billion. During the same quarter in the previous year, the company earned $0.19 earnings per share. The business’s revenue was up 23.0% on a year-over-year basis. equities analysts forecast that Energy Transfer Equity, L.P. will post 1.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Tuesday, November 7th will be issued a $0.295 dividend. The ex-dividend date is Monday, November 6th. This is a boost from Energy Transfer Equity, L.P.’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a yield of 7.06%. Energy Transfer Equity, L.P.’s dividend payout ratio is presently 143.90%.
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About Energy Transfer Equity, L.P.
Energy Transfer Equity, L.P. (ETE) owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. The Company’s segments include Investment in ETP, including the consolidated operations of ETP; Investment in Sunoco LP, including the consolidated operations of Sunoco LP; Investment in Lake Charles LNG, including the operations of Lake Charles LNG, and Corporate and Other.
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