News articles about Energy Transfer Equity (NYSE:ETE) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Energy Transfer Equity earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the pipeline company an impact score of 46.2031157679236 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
Shares of NYSE:ETE traded up $0.08 during trading on Monday, hitting $14.27. 2,413,428 shares of the stock were exchanged, compared to its average volume of 6,360,575. Energy Transfer Equity has a 1-year low of $12.80 and a 1-year high of $19.50. The firm has a market capitalization of $15,313.08, a PE ratio of 11.79 and a beta of 1.86. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 1.48.
Energy Transfer Equity (NYSE:ETE) last announced its quarterly earnings results on Wednesday, February 21st. The pipeline company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.09. The business had revenue of $11.45 billion for the quarter, compared to analyst estimates of $12.20 billion. Energy Transfer Equity had a return on equity of 4.48% and a net margin of 2.30%. sell-side analysts predict that Energy Transfer Equity will post 1.35 EPS for the current year.
Several brokerages have commented on ETE. ValuEngine downgraded Energy Transfer Equity from a “hold” rating to a “sell” rating in a research report on Friday. Robert W. Baird reissued a “buy” rating and set a $19.00 price objective on shares of Energy Transfer Equity in a report on Friday. Bank of America decreased their price objective on Energy Transfer Equity from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, March 27th. Zacks Investment Research raised Energy Transfer Equity from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Finally, Credit Suisse Group began coverage on Energy Transfer Equity in a report on Thursday, January 4th. They set an “outperform” rating and a $23.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Energy Transfer Equity presently has a consensus rating of “Buy” and an average target price of $20.82.
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Energy Transfer Equity Company Profile
Energy Transfer Equity, L.P. provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines.
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