|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||17.54 - 17.92|
|52 Week Range||12.80 - 19.34|
|PE Ratio (TTM)||16.79|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||1.22 (6.98%)|
|1y Target Est||21.53|
Let’s see which stock under our consideration looks strong considering the chart indicators. In this series, we’re comparing Energy Transfer Equity (ETE) and Williams Companies (WMB). Williams Companies stock is trading at $28.09, which is ~5% and 1% below its 50-day and 200-day moving average levels, respectively. The levels around $29.46 and $28.43 could act as a resistance for the stock going forward. The stock is trading in the “oversold” zone with its RSI (relative strength index) at 24.
Energy Transfer Equity (ETE) paid a distribution of $0.31 per unit for the third quarter, which represents an annualized distribution of $1.22 per unit for 2018—an increase of 6% year-over-year. In comparison, Williams Companies (WMB) paid a dividend of $0.34 per share, which implies an annualized dividend of $1.36 per share. The dividend growth is more than 13% year-over-year.
Williams Companies (WMB) is placed better in terms of leverage compared to Energy Transfer Equity (ETE). At the end of the second quarter, Williams Companies’ net debt-to-EBITDA was close to 5.9x, while Energy Transfer Equity’s net debt-to-EBITDA was 6.1x. Williams Companies had a net debt of $21.0 billion, while Energy Transfer Equity had a net debt of $44.0 billion as of June 30.
Energy Transfer Equity’s (ETE) subsidiary, Energy Transfer Partners (ETP) has notable exposure to the Permian region—the most prolific basin in the country. Energy Transfer Partners also has several expansion projects ongoing in the region. The region continues to experience strong drilling activity. Energy Transfer Equity witnessed 29% EBITDA growth during the first half of 2018—compared to the same period last year.
Energy Transfer Equity (ETE) outperformed Williams Companies (WMB) in terms of total returns in the last few years. We have considered dividend payments and capital appreciation to calculate the total returns. In the past year, Energy Transfer Equity returned more than 5%, while Williams Companies returned -4%.
As crude oil prices continue to improve, oil and gas explorers are ramping up production, which drives the demand for transportation infrastructure. In this series, we’ll compare two midstream infrastructure providers—Energy Transfer Equity (ETE) and Williams Companies (WMB). We’ll compare their recent operating and market performance. We’ll see which company is placed better for the future.
Of the 15 analysts covering Cheniere Energy (LNG) stock, nine recommended a “strong buy,” three recommended a “buy,” and three recommended a “hold” on the stock. None of the analysts recommended a “sell” on the stock as of September 18.
Conventional wisdom says that insiders and 10-percent owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. Energy Transfer Partners LP (NYSE: ETP) saw CEO Kelcy Warren step up to the buy window again this past week. The more than 1.63 million shares of this natural gas and propane company acquired, at per-share prices ranging from $22.22 to $22.65, cost him more than $36.74 million.
Moody's Investors Service ("Moody's") assigned ratings to PES Holdings, LLC (PES), including a B2 Corporate Family Rating (CFR), a B2-PD Probability of Default Rating (PDR), a Ba2 rating to Tranche ...
According to Wall Street analysts’ consensus estimates, Energy Transfer Equity (ETE) has a median price target of $21.44 compared to its current market price of $17.63, which implies an estimated upside of ~22% over the next 12 months.
On September 11, Energy Transfer Equity’s (ETE) implied volatility was 23%, higher than its 15-day average. Implied volatility measures investor nervousness, and a rise in implied volatility is normally associated with a fall in a stock’s price. Energy Transfer Partners (ETP) had implied volatility of 23% recently.
Now let’s take a look at Energy Transfer Equity’s (ETE) total returns. In the past year, ETE has returned 6%, while in the last five years, it has returned more than 7% compounded annually. We’ve considered both stock appreciation and distribution payments in our calculation of ETE’s total returns.
Energy Transfer Equity (ETE) stock is currently trading at $17.63, ~1% below its 50-day moving average and 4% above its 200-day moving average.
Energy Transfer Equity (ETE) stock has rallied almost 40% since its 52-week low in March. So far this year, ETE is up ~2%, and Energy Transfer Partners (ETP) has surged more than 25%.
Energy Transfer Equity, L.P. (ETE) and Energy Transfer Partners, L.P. (ETP) today announced that ETE’s Registration Statement on Form S-4 relating to the previously announced merger transaction between ETE and ETP has been declared effective as of September 7, 2018 by the Securities and Exchange Commission (“SEC”), and that ETP has filed a definitive proxy statement with the SEC for the special meeting of its unitholders to vote on the merger. The special meeting of ETP unitholders will be held on October 18, 2018, at 10:00 a.m. local time, at Hilton Dallas Park Cities Hotel, 5954 Luther Lane, Dallas, Texas 75225. All ETP common unitholders of record as of the close of business on September 10, 2018, which is the record date for the special meeting, will be entitled to vote their common units.
Moody's Investors Service ("Moody's") said that Traverse Midstream Partners LLC's (Traverse) proposed $150 million Add-on to its Term Loan B due September 2024 (the Add-on) will not affect the company's credit ratings or stable outlook. The Add-on is being offered as an addition to Traverse's existing $1,285 million Term Loan B due September 2024 that Traverse initially issued in September 2017. The proposed $150 million Add-on and the existing $1,285 million Term Loan B are rated B1 in accordance with Moody's Loss Given Default (LGD) methodology, equivalent to the B1 Corporate Family Rating (CFR), reflecting their dominance in Traverse's capital structure compared to a new $50 million super priority revolving credit facility to be put in place for additional liquidity.
On August 28, JPMorgan Chase raised its price target for Energy Transfer Equity (ETE) from $24 to $25. It also raised its price target for Energy Transfer Partners (ETP) by $1 to $32. Of the 17 analysts surveyed by Reuters that cover Energy Transfer Equity, eight analysts have rated it as a “strong buy,” seven have rated it as a “buy,” and the remaining two have rated it as a “hold.” The median price target for the stock is $21.5, implying an upside potential of 23% from its current price.
Most top midstream companies fell in the week that ended on August 31. Energy Transfer Equity (ETE) fell 4.3% in the week, whereas Plains All American Pipeline (PAA) fell 3.8%.
Energy Transfer Partners, L.P. , Magellan Midstream Partners, L.P. , MPLX LP and Delek US Holdings, Inc.
Pipeline stocks are back from the dead. Revved up earnings, thanks to record U.S. oil and gas production, and clarity on a federal tax ruling have lifted shares of energy master limited partnerships, which own and operate pipelines. Over the past six months, the benchmark Alerian MLP Index has risen 8.9%, outpacing the S&P 500’s 6.9% gain.
I’ve been keeping an eye on Energy Transfer Equity LP (NYSE:ETE) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, IRead More...
Analysts expect large upside potential in Cheniere Energy (LNG) stock going forward. It has a mean price target of $72.8 compared to its current market price of $62.8, indicating an estimated upside of more than 16% over the next 12 months.