Energy Transfer Equity (ETE) Earning Somewhat Favorable Press Coverage, Study Shows

Media coverage about Energy Transfer Equity (NYSE:ETE) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Energy Transfer Equity earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the pipeline company an impact score of 45.9197743534928 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected Accern’s rankings:

Shares of Energy Transfer Equity (ETE) opened at $18.03 on Friday. The firm has a market capitalization of $19,460.00, a price-to-earnings ratio of 17.34 and a beta of 1.87. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.11 and a current ratio of 1.36. Energy Transfer Equity has a one year low of $15.03 and a one year high of $19.85.

Energy Transfer Equity (NYSE:ETE) last released its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). The company had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $16.25 billion. Energy Transfer Equity had a return on equity of 3.84% and a net margin of 2.29%. The business’s revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. research analysts anticipate that Energy Transfer Equity will post 0.99 earnings per share for the current year.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded Energy Transfer Equity from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America initiated coverage on Energy Transfer Equity in a research report on Tuesday. They issued a “neutral” rating on the stock. Credit Suisse Group initiated coverage on Energy Transfer Equity in a research report on Thursday, January 4th. They issued an “outperform” rating and a $23.00 target price on the stock. Wolfe Research upgraded Energy Transfer Equity from a “market perform” rating to an “outperform” rating in a research report on Monday, December 18th. Finally, Robert W. Baird restated a “buy” rating and issued a $24.00 target price on shares of Energy Transfer Equity in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Energy Transfer Equity currently has a consensus rating of “Buy” and a consensus target price of $21.78.

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Energy Transfer Equity Company Profile

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.

Insider Buying and Selling by Quarter for Energy Transfer Equity (NYSE:ETE)

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