According to Wall Street analysts’ estimates, Energy Transfer Equity (ETE) stock has a median price target of $21.53 compared to its current market price of $18.09, which implies an upside potential of 19% over the next 12 months.
Energy Transfer Equity stock is currently followed by 16 analysts. Eight have given the stock “strong buys,” while six have given it “buys.” Two analysts have given it “holds,” and none have given it “sells” as of October 1.
The chart above shows how analysts’ recommendations on ETE stock have changed in the last few months.
Of the 17 Reuters-surveyed analysts covering Energy Transfer Partners (ETP) stock, nine have given it “strong buys,” and six have given it “buys.” Two analysts have recommended “holds” on the stock. None have recommended “sells” on the stock.
Peers’ price targets
Williams Companies (WMB) stock has a median target price of $34.17 compared to its current market price of $27.66. This target price implies a potential upside of more than 23% over the next 12 months.
To learn about how midstream companies traded last week and how they’re placed going forward, read MLPs Fell 1.3% Last Week despite Strong Crude Oil Prices.