Energy Transfer Equity, L.P. (NYSE:ETE) added 3.34% and closed its last session at $17.03. The stock has the market capitalization of $17.83 Billion with the total outstanding shares of 1.05 Billion. Energy Transfer Equity, L.P.. has Analysts’ Mean Recommendation of 1.71 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 16.88 for trailing twelve months while its Forward P/E is 13.29.
Energy Transfer Equity, L.P. (NYSE:ETE) touched its 52-Week High of $19.99 on Nov 21, 2016 while it’s 52-Week Low of $4 on Feb 8, 2016. The company currently has Return on Assets of 1.5 percent, Return on Equity of -69.4% and Return on Investment of 6.8 percent. The stock currently showing Weekly Volatility of 5.43%% and Monthly Volatility of 5.79% Percent with Average True Range of 0.96 and Beta of 1.88.
The 19 analysts offering 12-month price forecasts for Energy Transfer Equity LP have a median target of 20.00, with a high estimate of 23.00 and a low estimate of 15.00. The median estimate represents a +17.44% increase from the last price of 17.03.
Sunoco Logistics Partners L.P. (SXL) and Energy Transfer Partners, L.P. (ETP) on 21 November declared that they have entered into a merger agreement providing for the acquisition of ETP by SXL in a unit-for-unit transaction. The transaction was approved by the boards of directors and conflicts committees of both partnerships and is expected to close in the first quarter of 2017, subject to receipt of ETP unitholder approval and other customary closing conditions.
Under the terms of the transaction, ETP unitholders will receive 1.5 common units of SXL for each common unit of ETP they own. This equates to a 10% premium to the volume weighted average pricing of ETP’s common units for the last 30 trading days immediately prior to the declaredment of the transaction.
As SXL will be the acquiring entity, the existing incentive distribution rights provisions in the SXL partnership agreement will continue to be in effect, and Energy Transfer Equity, L.P. (ETE) will own the incentive distribution rights of SXL following the closing of the transaction. As part of this transaction, ETE has agreed to continue to provide all the incentive distribution right subsidies that are currently in effect with respect to both partnerships. The transaction is expected to be immediately accretive to SXL’s distributable cash flow per common unit and is also expected to allow the combined partnership to be in position to achieve near-term distribution increases in the low double digits and a more than 1.0x distribution coverage ratio.
Energy Transfer Equity, L.P. owns a diversified portfolio of energy assets, including natural gas operations consisting miles of natural gas gathering and transportation pipelines, natural gas treating and processing assets located in Texas and Louisiana, and three natural gas storage facilities located in Texas.