Energy Transfer LP (ET)

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The latest company that has made a place in the list of Zacks value stocks is Energy Transfer Equity, L.P. (NYSE:ETE). Value stocks investors look for stocks that are assumed trading at lower price levels as compared to company’s fundamentals. Such stocks are identified by calculating the price to book ratio or price to earnings ratio. If these ratios are low of a company, it indicates there is an opportunity to invest in the stock. Value investors believe that the stock’s existing market value necessarily doesn’t indicate the company’s actual performance.

Zacks has designed a rating scale for investors. This scale has ratings starting from one and ending at five; wherein one is taken a recommendation to invest in the stock. Energy Transfer Equity, L.P. (NYSE:ETE) has a rating of 1.25 on its stock. The rating highlights the view of 5 brokerages covering the stock.

Price Forecast

The sell-side analysts analyzing the company’s fundamentals have initiated a price target of 16.8 on the stock. For the coming period, the stock’s range is set in between $7 and $29, respectively.

Prior to the Energy Transfer Equity, L.P.’s earnings report, the research firms have EPS estimate of $0.47 for the quarter. In recent quarter ended on 2015-09-30, the EPS came $0.28, which led to unexpected deviation of 0% against the analysts’ consensus. Energy Transfer Equity, L.P. quarterly report can make its way in market on 2016-02-24.