ETE and ETP: Wall Street’s Latest Recommendations
Analyst ratings for ETE and ETP
At a broader level, 65.0% of analysts rate Energy Transfer Equity (ETE) a “buy” and the remaining 35.0% rate it a “hold” as of August 9. At the same time, 81.2% of analysts rate Energy Transfer Partners (ETP) a “buy” and the remaining 18.2% rate it as “hold.” The strong 2Q17 earnings and attractive valuations might have a positive impact on ETP’s ratings.
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ETE’s and ETP’s average broker target prices of $21.2 and $28.4 imply 20.0% and 41.8% respective returns from their August 9, 2017, closing prices of $17.7 and $20.0. ETE’s peers Enbridge (ENB) and Kinder Morgan (KMI) have “buy” ratings from 53.8% and 66.7% of analysts, respectively. 64.2% of analysts rate ONEOK (OKE) a “hold.”
For more post-earnings review on midstream companies, check out our Master Limited Partnerships page.