Can ETE Gain Momentum after a Weak Start to 2H17?

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Part 2
Can ETE Gain Momentum after a Weak Start to 2H17? PART 2 OF 5

What’s Energy Transfer Equity’s Price Forecast?

Energy Transfer Equity’s implied volatility

Energy Transfer Equity’s 30-day implied volatility was 32.8% as of July 18, 2017. ETE’s peers Williams Companies (WMB) and Kinder Morgan (KMI) have implied volatilities of 22.6% and 20.8%, respectively, as of July 18. By comparison, the Alerian MLP ETF (AMLP) has an implied volatility of 16.1%.

What&#8217;s Energy Transfer Equity&#8217;s Price Forecast?

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ETE’s high implied volatility might reflect the relatively high crude oil exposure of its subsidiary, Energy Transfer Partners, due to its natural gas processing and crude oil marketing businesses. ETP’s processing margins saw a significant gain during 1Q17 due to improved crude oil and NGLs (natural gas liquids) prices. We’ll look into ETP’s 2Q17 processing margin in a pre-earnings review. For now, check out the pre-earnings analysis for Kinder Morgan (KMI).

Energy Transfer Equity’s price forecast

Energy Transfer Equity might trade in the range of $17.18–$18.82 in the next seven days based on its July 18 closing price of $18.0 and assuming a normal distribution of prices. ETE’s stock price is expected to be within this range 68.0% of the time.

In the next article, we’ll look at Energy Transfer Equity’s recent technical indicators.


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