Energy Transfer Equity’s Price Forecast amid Crude Oil Gains
Energy Transfer Equity’s implied volatility
Energy Transfer Equity’s 30-day implied volatility was 25.4% as of September 27. At the same time, ETE’s peers Williams Companies (WMB) and ONEOK (OKE) have implied volatilities of 19.2% and 18.3%, respectively. In comparison, the Alerian MLP ETF (AMLP) has an implied volatility of 18.0%. ETE’s high implied volatility relative to AMLP could be due to its subsidiary, Energy Transfer Partners’ (ETP), high commodity exposure through its natural gas processing and commodities acquisition and marketing businesses.
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Energy Transfer Equity’s price forecast
Energy Transfer Equity might trade in the range of $16.87–$18.09 in the next seven days based on its September 27 closing price of $17.48. ETE is expected to trade within this range 68.0% of the time using a standard deviation of one and assuming a normal distribution of prices.