Deutsche Bank Raises Energy Transfer Equity to Buy (ETE)

By admin | 6 years ago

Energy Transfer Equity (NYSE: ETE) was upgraded by investment analysts at Deutsche Bank (NYSE: DB) from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

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.

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