Deutsche Bank Raises Energy Transfer Equity to Buy (ETE)
Shares of Energy Transfer Equity traded down 0.39% during mid-day trading on Tuesday, hitting $41.98. Energy Transfer Equity has a one year low of $30.78 and a one year high of $47.34. The company has a market cap of $9.360 billion and a P/E ratio of 30.50.
The company last announced its quarterly results on Wednesday, February 15th. It reported $0.38 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.44 EPS by $0.06. The company’s quarterly revenue was up 22.7% on a year-over-year basis. On average, analysts predict that Energy Transfer Equity will post $0.53 earnings per share next quarter.
Separately, analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of Energy Transfer Equity in a research note to investors on Friday, April 20th. They set an “overweight” rating and a $46.00 price target on the stock.
Energy Transfer Equity, L.P. (ETE) is a limited partnership engaged in natural gas operations and retail propane.