Followers | 149 |
Posts | 17898 |
Boards Moderated | 0 |
Alias Born | 04/12/2012 |
Wednesday, August 03, 2016 1:24:03 PM
Posted by Amy Steele on Aug 2nd, 2016
Energy Transfer Equity L.P. logoEnergy Transfer Equity L.P. (NYSE:ETE) will post its quarterly earnings results after the market closes on Wednesday, August 3rd. Analysts expect Energy Transfer Equity L.P. to post earnings of $0.29 per share for the quarter.
Energy Transfer Equity L.P. (NYSE:ETE) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. During the same quarter in the previous year, the business posted $0.52 earnings per share. The business had revenue of $7.98 billion for the quarter, compared to analyst estimates of $10.28 billion.
The company’s revenue was down 23.2% compared to the same quarter last year. On average, analysts expect Energy Transfer Equity L.P. to post $1.17 EPS for the current fiscal year and $1.50 EPS for the next fiscal year.
Several research firms have weighed in on ETE. Jefferies Group increased their target price on Energy Transfer Equity L.P. from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, July 25th.
Sanford C. Bernstein began coverage on Energy Transfer Equity L.P. in a research note on Wednesday, May 11th. They issued a “market perform” rating and a $15.00 target price on the stock. Vetr lowered Energy Transfer Equity L.P. from a “strong-buy” rating to a “buy” rating and set a $14.22 target price on the stock. in a research note on Wednesday, June 1st. Credit Suisse Group AG reissued an “outperform” rating and issued a $20.00 target price on shares of Energy Transfer Equity L.P. in a research note on Tuesday, July 26th. Finally, Deutsche Bank AG began coverage on Energy Transfer Equity L.P. in a research note on Thursday, July 7th. They issued a “buy” rating and a $20.00 target price on the stock. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $17.11.
Shares of Energy Transfer Equity L.P. (NYSE:ETE) traded up 1.86% during midday trading on Tuesday, reaching $15.89. The company’s stock had a trading volume of 5,471,788 shares. Energy Transfer Equity L.P. has a 12 month low of $4.00 and a 12 month high of $31.15. The company has a market cap of $16.60 billion and a price-to-earnings ratio of 13.83. The stock has a 50-day moving average of $15.05 and a 200 day moving average of $10.80.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Monday, August 8th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 7.17%. The ex-dividend date of this dividend is Thursday, August 4th.
Energy Transfer Equity, L.P. (ETE) directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The Company, through its family of companies, owns and operates over 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines.
http://www.thecerbatgem.com/2016/08/02/energy-transfer-equity-l-p-ete-set-to-announce-earnings-on-wednesday/
Recent ET News
- Sunoco LP Announces Purchase of NuStar Preferred Units and Full Redemption of NuStar Logistics Subordinated Notes • PR Newswire (US) • 05/03/2024 08:01:00 PM
- Sunoco LP Completes Acquisition of NuStar Energy L.P.; Announces a 4% Increase in Quarterly Distribution • PR Newswire (US) • 05/03/2024 12:45:00 PM
- Sunoco LP and NuStar Energy L.P. Announce NuStar's Unitholder Approval of the Sunoco Transaction • PR Newswire (US) • 05/01/2024 08:30:00 PM
- Energy Transfer Announces Increase in Quarterly Cash Distribution • Business Wire • 04/24/2024 12:30:00 PM
- Energy Transfer LP Announces Cash Distribution on Series I Preferred Units • Business Wire • 04/19/2024 12:30:00 PM
- Sunoco LP Completes Acquisition of European Liquid Fuels Terminals and Divestiture of West Texas Assets; Reaffirms 2024 Adjusted EBITDA Guidance Range • PR Newswire (US) • 04/17/2024 11:00:00 AM
- Sunoco LP Announces Pricing of Private Offering of Senior Notes • PR Newswire (US) • 04/16/2024 09:37:00 PM
- Sunoco LP Announces Private Offering of Senior Notes • PR Newswire (US) • 04/16/2024 12:30:00 PM
- Sunoco LP and NuStar Energy L.P. Announce Expiration of Hart-Scott-Rodino Act Waiting Period • PR Newswire (US) • 04/09/2024 11:00:00 AM
- Sunoco LP Announces First Quarter 2024 Earnings Release and Call Timing • PR Newswire (US) • 04/05/2024 08:00:00 PM
- Energy Transfer Announces First Quarter 2024 Earnings Release and Earnings Call Timing • Business Wire • 04/04/2024 09:33:00 PM
- Energy Transfer LP Announces Full Redemption Of Series E Preferred Units • Business Wire • 03/20/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 10:22:21 PM
- Form S-3D - Registration of securities, dividend or interest reinvestment plans, immediately effective • Edgar (US Regulatory) • 03/01/2024 10:00:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:10:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 09:42:40 PM
- Sunoco and Energy Transfer Sign First Joint Multi-Year Partnership With Stake F1 Team KICK Sauber • Business Wire • 02/23/2024 04:00:00 PM
- Sunoco LP Files 2023 Annual Report on Form 10-K • PR Newswire (US) • 02/16/2024 09:03:00 PM
- Energy Transfer LP Files 2023 Annual Report • Business Wire • 02/16/2024 06:00:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/16/2024 05:27:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 09:25:04 PM
- Energy Transfer Reports Strong Fourth Quarter 2023 Results and Announces 2024 Outlook • Business Wire • 02/14/2024 09:10:00 PM
- Sunoco LP Announces Fourth Quarter and Full Year 2023 Financial and Operating Results • PR Newswire (US) • 02/14/2024 12:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 10:11:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 09:31:07 PM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM