How Does Energy Transfer Equity, L.P. (ETE) Stack Up Right Now?

Energy Transfer Equity, L.P. (ETE) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Pipelines. The stock has been active on the tape, currently trading at $16.27, down from yesterday’s close by -1.93%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

It’s important to get a feel for how any stock is actually valued on the market based on its core numbers. Energy Transfer Equity, L.P. (ETE) currently trades with a market capitalization of $17.11 Billion. That value represents a market adjusting for revenues that have been growing by 22.96 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For ETE, the company currently has $469 Million of cash on the books, which is offset by $716 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $-3.61 Billion over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0.37 on a per share basis this quarter. Perhaps, that suggests something about why 47.63% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Energy Transfer Equity, L.P. recorded a 52-week high of $20.05. It is now trading 3.78% off that level. The stock is trading $17.16 its 50-day moving average by 0.89%. The stock carved out a 52-week low down at $15.03.

In recent action, Energy Transfer Equity, L.P. (ETE) has made a move of -12.99% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.32, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 6.57% with $785.83 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ETE.

Previous articleChecking the Overall Picture for Masco Corporation (MAS)
Next articleTaking a Fresh Look at Exelixis, Inc. (EXEL)