What Analysts Recommend for ETE
Analyst ratings for Energy Transfer Equity
Stifel recently initiated coverage on Energy Transfer Equity (ETE) with a “buy” rating. However, ETE’s overall rating hasn’t changed compared to the previous month as the total number of buys in the stock remained the same. It has “buy” ratings from 65.0% of analysts surveyed by Reuters, while the remaining 35.0% rate it a “hold” as of July 18, 2017. For more detail on last week’s rating updates, read Weekly Wrap-Up: MLPs Rose for the Third Straight Week.
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ETE peers Western Gas Equity Partners (WGP) and Plains GP Holdings (PAGP) have “hold” ratings from 64.7% and 54.2% of analysts, respectively. 86.4% of the analysts rate ETE’s MLP subsidiary, Energy Transfer Partners (ETP), a “buy.”
ETE has seen five rating changes since the beginning of this year including three upgrades, one new coverage, and one downgrade. ETE’s average target price of $21.21 implies an 18.3% price return from its July 18, 2017, closing price of $18.0.
For more such coverage on midstream companies, check out the Master Limited Partnerships page.