Energy Transfer MLPs Sunoco Logistics And ETP To Combine

The announcement comes after a dramatic year for ETP, in which its efforts to acquire the Williams Companies Inc. failed and a fight with the Standing Rock Sioux Tribe and the federal government over the delayed Dakota Access oil pipeline has attracted the nation’s attention. These price targets are a consensus analysis of 18 brokers.

The companies billed the transaction as a “large step” in simplifying the complex family of partnerships that operate under Warren’s umbrella company, Energy Transfer Equity.

That kind of growth helps fuel distributions to investors, much of which goes to general partner Energy Transfer Equity and its chairman, Warren. The company beat the analyst EPS Estimate with the difference of $0.22. Median price target has been estimated at $9.25. Energy Transfer Partners L.P.

07/26/2016 – Energy Transfer Equity, L.P. had its “outperform” rating reiterated by analysts at Credit Suisse. But the stock was ranked Underweight by 3 number of analysts in current phase while overall the consensus rank was for Buy.

07/13/2016 – Energy Transfer Equity, L.P. had its “neutral” rating reiterated by analysts at Goldman Sachs. Based on 8 analysts polled by TipRanks in the last 3 months, 5 rate a Buy on ETE, while 3 maintain a Hold.

Let’s have a look at some of the important valuation ratios of the Energy Transfer Equity, L.P. (NYSE:ETE). SXL and ETP will also hold a joint conference call this afternoon at 4:00pm eastern time to discuss the move.

02/17/2016 – Energy Transfer Equity, L.P. was downgraded to “neutral” by analysts at Bank of America Merrill Lynch. EPS long term mean growth rate estimated by 2 analysts is at 11.12%, whereas, the high and low Long term growth rate estimated at 17.85 and 4.4. They use historic price data to observe stock price patterns to predict the direction of that price going forward.

Energy Transfer Equity, L.P. has a 50 day moving average of 15.87 and a 200 day moving average of 15.34.

Energy Transfer Equity, L.P. (NYSE:ETE) topped its 52-week high price of $19.6 on Nov 25, 2015 and 52-Week Low Price of $4 on Feb 8, 2016.

Energy Transfer Equity, L.P.’s (ETE) stock price showed strong performance of 1.77% in last seven days, switched up 7.01% in last thirty days and it fell -3.72% in last one year. The Company’s activities include Interstate pipeline transportation and storage of crude oil and liquid petroleum and gathering treating processing and transportation of natural gas and natural gas liquids (NGLs) through pipelines and related facilities and supply transportation and sales services including purchasing and selling natural gas and NGLs.

Sunoco Logistics and Energy Transfer say they will combine in a corporate consolidation to cut borrowing and operating costs.