|Bid||17.27 x 2200|
|Ask||17.60 x 800|
|Day's Range||17.47 - 17.53|
|52 Week Range||12.80 - 19.34|
|PE Ratio (TTM)||18.78|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||1.22 (6.61%)|
|1y Target Est||20.89|
Let’s see how analysts are looking at Energy Transfer Equity (ETE) and Energy Transfer Partners (ETP). Energy Transfer Equity has a mean price target of $20.90 against its current market price of $17.41. That implies an estimated upside of 20% for the next 12 months.
MLPs are one of the top-yielding sectors among the broader markets. Currently, Energy Transfer Equity (ETE) is trading at a distribution yield of ~7%. Its distribution yield is currently higher than its five-year average. Energy Transfer Partners (ETP) is presently trading at a distribution yield of 10.2%. In comparison, the Alerian MLP ETF (AMLP) is currently offering a distribution yield of 7.4%.
Energy Transfer Equity (ETE) stock has fallen ~8% in the last week. It’s currently trading at $17.41, which is 1% below its 50-day moving average and 3% above its 200-day moving average. ETE stock has rallied more than 36% from its 52-week low of $12.80 in March.
After sailing through rough seas for the past few years, Energy Transfer Equity (ETE) seems to have attractive prospects going forward. Its pending consolidation with Energy Transfer Partners (ETP), robust growth in Q2 2018 earnings, and upcoming projects paint a nice picture for the near future.
83.0% of analysts rate Energy Transfer Equity (ETE) a “buy” as of August 9, and the remaining 17.0% rate it a “hold.” Peers Williams Companies (WMB) and Kinder Morgan (KMI) have “buy” ratings from 77.8% and 71.4% of analysts, respectively. Stephens recently upgraded the GP (general partner) to “overweight,” which is equivalent to a “buy” from “equal weight,” which is equivalent to “hold.”
Energy Transfer Equity (ETE) continues to trade above both its short-term (50-day) and long-term (200-day) moving average. The MLP general partner was trading 2.5% above its 50-day SMA and 8.9% above the 200-day SMA as of August 9. ETE’s peers, Williams Companies (WMB) and Plains GP Holdings (PAGP) were trading 10.5% and 14.8% above their 200-day moving average. This indicates an overall positive sentiment in the midstream energy sector.
The partnership expects to complete the restoration activities this month, resulting in full placement of the project. On the Mariner East 2 and 2x, the partnership doesn’t expect further delays due to the blockages from the Pennsylvania DEP (Department of Environmental Protection). The partnership expects to use the existing pipeline in the affected areas and bring the ME2 project online by the end of the third quarter.
Energy Transfer Partners’ (ETP) total outstanding debt continued to grow during the second quarter of 2018 despite some recent debt reduction measures including asset sales. At the same time, Energy Transfer Equity (ETE) reported total outstanding debt of $44.6 billion at the consolidated level. Energy Transfer Partners’ leverage position has improved over the recent quarter despite an increase in total debt.
Energy Transfer Partners (ETP) posted strong earnings growth in the second quarter of 2018 and beat earnings estimates. The better-than-expected earnings were driven by strong performances across all its business segments, particularly the Crude Oil Transportation and Services segment. Except for the Other segment, the remaining five segments posted YoY EBITDA growth during the second quarter of 2018. ...
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Energy Transfer Equity (ETE) have what it takes? Let's find out.
Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE) announced their second-quarter earnings on August 8 after the market closed. Energy Transfer Partners beat analysts’ estimates by a huge margin. The company posted an EBITDA of 28.2% YoY during the second quarter. Energy Transfer Partners posted an adjusted EBITDA of $2.051 billion in the second quarter, while the market called for $1.911 billion—a 7.3% beat. The partnership beat analysts’ estimate for the fifth consecutive quarter.
The Dallas-based company said it had profit of 31 cents per share. Earnings, adjusted to account for discontinued operations, were 33 cents per share. The results did not meet Wall Street expectations. ...
Conference Call Scheduled for 9:30 a.m. CT (10:30 a.m. ET) on Thursday, August 9 DALLAS , Aug. 8, 2018 /PRNewswire/ -- Generated second quarter Net Income of $68 million , Adjusted EBITDA(1) of $140 million ...
Energy Transfer Partners, L.P. today reported its financial results for the quarter ended June 30, 2018. For the three months ended June 30, 2018, net income was $602 million and Adjusted EBITDA was $2.05 billion.
The Zacks Analyst Blog Highlights: BP, Apache, Concho Resources, Petrobras and Marathon Petroleum
Energy Transfer Partners (ETP) was the top MLP gainer last week. The partnership saw a massive 18.0% rally following its merger announcement with Energy Transfer Equity (ETE). Overall, Energy Transfer Partners has risen 34.5% YTD. A positive earnings surprise might continue to drive the strong momentum in Energy Transfer Equity and Energy Transfer Partners this week. Energy Transfer Partners is scheduled to report its second-quarter results this week. For a pre-earnings review, read What to Expect from ETP and ETE’s Q2 2018 Earnings.
Hi-Crush Partners (HCLP) saw a rating downgrade and target price revision last week. Cowen & Company lowered Hi-Crush Partners to “market perform,” which is equivalent to “hold,” from “outperform,” which is equivalent to “buy.” Credit Suisse raised the partnership’s target price to $17 from $15.
On the news front, major energy players BP plc (BP), Apache Corporation (APA) and Concho Resources (CXO) reported strong second-quarter earnings.
The Alerian MLP ETF (NYSEArca: AMLP) , the largest MLP-related exchange traded fund, and rival MLP ETFs saw increased activity to start amid deal-making in the sector. On Aug. 1, Energy Transfer Equity LP (ETE) said it is buying Energy Transfer Partners LP (ETP) for $27.5 billion. Units of Energy Transfer Partners, the firm being acquired, jumped more than 14% last week.
For Energy Transfer Equity (ETE), 83.3% of the analysts surveyed by Reuters rate the stock as a “buy” as of August 1, while 16.7% rate it as a “hold.” Bank of America upgraded the stock to “buy” from “hold.” Williams Companies (WMB) and Kinder Morgan (KMI) have “buy” ratings from 77.8% and 71.4% of the analysts, respectively. Energy Transfer Equity’s average target price of $20.2 implies ~9% upside potential from the current price levels.
Recently, Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE) announced their merger. The most important thing to watch in their second-quarter earnings would be the distribution outlook following the simplification transaction. Energy Transfer Partners and Energy Transfer Equity announced their distribution for the second quarter.