Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Energy Transfer Equity, L.P. (ETE) Stock Price
News articles about Energy Transfer Equity, L.P. (NYSE:ETE) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Energy Transfer Equity, L.P. earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 47.6277412814814 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- ENERGY TRANSFER PARTNERS (NYSE:ETP) Analytical Analysis (wisdomsave.com)
- Revenue Approximations Analysis: Energy Transfer Equity, LP (ETE), Halliburton Company (ismboard.com)
- Energy Transfer Equity LP breached its 50 day moving average in a Bearish Manner : ETE-US : August 9, 2017 (finance.yahoo.com)
- Energy Transfer Partners (ETP) Reports Q2 Loss, Sales Beat (finance.yahoo.com)
- Energy Transfer Partners’ Expansion Projects: Key Updates (finance.yahoo.com)
A number of research firms have commented on ETE. Zacks Investment Research upgraded shares of Energy Transfer Equity, L.P. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Sanford C. Bernstein restated an “outperform” rating on shares of Energy Transfer Equity, L.P. in a research report on Thursday. BidaskClub lowered shares of Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine lowered shares of Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BMO Capital Markets restated a “hold” rating and issued a $19.00 price target on shares of Energy Transfer Equity, L.P. in a research report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Energy Transfer Equity, L.P. has a consensus rating of “Buy” and a consensus price target of $20.72.
Shares of Energy Transfer Equity, L.P. (ETE) traded down 2.49% during trading on Thursday, hitting $17.23. 3,980,149 shares of the company’s stock were exchanged. The stock has a market cap of $18.53 billion, a PE ratio of 31.21 and a beta of 1.90. Energy Transfer Equity, L.P. has a 1-year low of $13.77 and a 1-year high of $20.05. The stock’s 50-day moving average price is $17.47 and its 200-day moving average price is $18.16. Energy Transfer Equity, L.P. also saw some unusual options trading activity on Wednesday. Traders acquired 19,918 call options on the company. This represents an increase of 329% compared to the typical daily volume of 4,644 call options.
Energy Transfer Equity, L.P. (NYSE:ETE) last posted its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by $0.07. Energy Transfer Equity, L.P. had a net margin of 2.18% and a return on equity of 3.84%. The company had revenue of $8.94 billion during the quarter, compared to analyst estimates of $11.41 billion. During the same quarter in the previous year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, equities analysts expect that Energy Transfer Equity, L.P. will post $1.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be paid a $0.285 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.62%. Energy Transfer Equity, L.P.’s payout ratio is currently 144.31%.
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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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