Investors who are keeping close eye on the stock of Energy Transfer Partners, L.P. (NYSE:ETP) established that the company was able to keep return on investment at 1.87 in the trailing twelve month while Reuters data showed that industry's average stands at 9.44 and sector's optimum level is 2.96.
The share price of the company (NYSE:ETE) was down -0.31%, with a high of 19.19 during the day and the volume of Energy Transfer Equity, L.P. shares traded was 3176534.
Energy Transfer Equity, L.P. (ETE) recently recorded -0.31 percent change and now at $19.06 is 246.32 percent away from its 52-week low and down -3.98 percent versus its peak. The company's stock had a trading volume of 1,716,621 shares.
Energy Transfer Equity, L.P. has a 50 day moving average of 18.82 and a 200 day moving average of 17.27.
MPLX contributed $500 million of the $2 billion purchase price paid by the joint venture to acquire a 36.75 percent indirect equity interest in the Bakken Pipeline system from Energy Transfer Partners, L.P. (ETP) and Sunoco Logistics Partners L.P. (SXL).
The company also recently declared a quarterly dividend, which will be paid on Monday, February 20th. It has a dividend yield of 5.98%. The ex-dividend date was Friday, February 3rd. Analysts, on average, forecast Energy Transfer Equity, L.P.to earn $0.21 per share (EPS) on revenue of $9.92B.
After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favorable trends underneath the surface for ETE in this report. RBC Capital Markets set a $48.00 target price on shares of Energy Transfer Partners and gave the stock a "buy" rating in a report on Sunday, December 4th. Sanford C. Bernstein upgraded Energy Transfer Partners from a market perform rating to an outperform rating in a research report on Monday, November 7th. Raymond James Financial, Inc. raised shares of Energy Transfer Equity, L.P. from a "market perform" rating to an "outperform" rating and set a $23.00 price objective on the stock in a research note on Thursday, January 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. The company now has a consensus rating of "Hold" and a consensus price target of $42.52. Following the purchase, the director now owns 20,255 shares of the company's stock, valued at $722,090.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The Company, through its family of companies, owns and operates over 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines.
Annual earnings per share (EPS) growth noted at 41.30% in past 5 Years and Long-term annual earnings per share (EPS) growth is expected to reach 10.32% in coming 5 years.
For the current week, the company shares have a recommendation consensus of Buy. Bristol Advisors LLC bought a new position in shares of Energy Transfer Equity, L.P. during the fourth quarter worth about $384,000.
08/15/2016 - Energy Transfer Equity, L.P. had its "overweight" rating reiterated by analysts at Morgan Stanley. Rafferty Asset Management LLC now owns 172,314 shares of the company's stock worth $3,327,000 after buying an additional 7,523 shares in the last quarter. The share price is now -1.26 percent versus its SMA20, -1.68 percent versus its SMA50, and 9.3 percent versus its SMA200.