Stock To Watch: Energy Transfer Equity, L.P. (NYSE:ETE)


The leading market experts have placed a mean price target of $17.620 on Energy Transfer Equity, L.P. (NYSE:ETE) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.230 a share for the upcoming quarter and $1.030 for the current fiscal.

Technical View

The technical analysis of Energy Transfer Equity, L.P. En plainly substantiates that the 50-day moving average of Energy Transfer Equity, L.P. En is $16.343, and stock is trading $1.742 points away or +10.656% from its 50-day moving average of $16.343. Further it is trading $6.548 or +56.752% away its 200-day moving average of $11.537. Energy Transfer Equity, L.P. (NYSE:ETE) 52-week high is $28.860 and the 52-week low is $4.000.

This explains if the stock moves $-10.775, it will post a 52-week high. In event of +352.125% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Energy Transfer Equity, L.P. En, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Energy Transfer Equity, L.P. (NYSE:ETE) ratio came in at 16.516.

The stock last ended the trading session at $18.085 and registered a market cap of $18.97B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Energy Transfer Equity, L.P. (NYSE:ETE) PEG ratio is at 1.380.

1 Chart Pattern Every Investor Should Know

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