In this article, we’ll perform a valuation analysis for Energy Transfer Equity (ETE) based on its historical and forward multiples.
Energy Transfer Equity (ETE), which directly and indirectly owns the GP (general partner) of Energy Transfer Partners (ETP) and Sunoco Logistics Partners (SXL), fell 1.7% last week.
The analyst median price target for Calumet (CLMT) is now $5. This median target price implies a 33% price return in one year.
Calumet had an outstanding debt of ~$2 billion at the end of 2016.
The ten biggest institutional owners collectively hold 27% of Calumet Specialty Products Partners (CLMT) outstanding shares.
Calumet Specialty Products Partners’ (CLMT) capital expenditures in 2016 came in at $122 million, as compared to $425 million in 2015.
Calumet Specialty Products Partners (CLMT) operates in three reportable segments: Specialty Products, Fuel Products, and Oilfield Services.
Calumet Specialty Products Partners (CLMT) has largely been trading flat for the past year, following a steep fall at the end of 2015.
Based on its closing price of $21.56 on April 7, 2017, and assuming a normal distribution of prices, Kinder Morgan stock could trade in the range of $22.25–$20.87 in the week ending April 14, 2017.
Kinder Morgan’s yield of 2.2% is lower than Enterprise Products Partners’ 5.7%, Magellan Midstream Partners’ (MMP) 4.3%, and Energy Transfer Equity’s (ETE) 6%.
Kinder Morgan (KMI) is trading 0.7% below its 50-day moving average and 0.7% above its 200-day moving average.
Short interest as a percentage of float in Kinder Morgan (KMI) stock is 1.2%, a fall from its level of 1.4% in mid-March 2017.
Kinder Morgan (KMI) fell 0.8% last week, which ended on April 7, 2017. It had risen 2.8% in the previous week, which ended on March 31.
Enterprise Products Partners is trading at a forward EV-to-EBITDA multiple of nearly 14x. It’s lower compared to its five-year average multiple of ~14.7x.
The short interest, as a percentage of float, in Enterprise Products Partners (EPD) stock is 1.4%. It’s slightly lower compared to 1.5% in mid-March.
Enterprise Products Partners (EPD) stock had an implied volatility of 17.1% as of April 7, 2017. It had a closing price of $27.86 on April 7.
Currently, Enterprise Products Partners (EPD) is trading 2.4% above its 200-day moving average and 0.4% below its 50-day moving average.
On April 5, 2017, Enterprise Products Partners announced a distribution of $0.42 per unit for 1Q17. It’s an increase of 1.2% compared to 4Q16.
Sunoco LP’s (SUN) retail business will become a small part of its overall offering following the completion of its announced convenience store divestitures.
58.0% of analysts rate Sunoco a “hold,” 26% rate it a “buy,” while the remaining 16.0% rate it a “sell.”