Energy Transfer Equity (NYSE:ETE) had its price objective hosited by Deutsche Bank from $75.00 to $85.00 in a report released on Thursday, American Banking News.com reports. Deutsche Bank currently has a buy rating on the stock.
Energy Transfer Equity (NYSE:ETE) opened at 76.73 on Thursday. Energy Transfer Equity has a 52 week low of $44.11 and a 52 week high of $74.82. The stock’s 50-day moving average is $67.95 and its 200-day moving average is $63.30. The company has a market cap of $21.539 billion and a P/E ratio of 70.52.
Energy Transfer Equity (NYSE:ETE) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.58 by $0.04. The company had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $11.93 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 493.4% on a year-over-year basis. Analysts expect that Energy Transfer Equity will post $1.65 EPS for the current fiscal year.
ETE has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of Energy Transfer Equity from $68.00 to $72.00 in a research note to investors on Thursday, November 7th. They now have an outperform rating on the stock. Analysts at Barclays raised their price target on shares of Energy Transfer Equity from $78.00 to $79.00 in a research note to investors on Friday, October 11th. They now have an overweight rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Energy Transfer Equity currently has an average rating of Buy and a consensus price target of $66.63.
Energy Transfer Equity, L.P. (NYSE:ETE) is a limited partnership engaged in natural gas operations and retail propane.
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