Taking a Look at the Data Behind Energy Transfer Equity, L.P. (ETE)

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 $17.83, up from yesterday’s close by 3.00%. 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

Energy Transfer Equity, L.P. (ETE) currently trades with a market capitalization of $19.55 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.

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 fall in coming quarters. Analysts are forecasting earnings of $0.36 on a per share basis this quarter. Perhaps, that suggests something about why 3.41% 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 $19.85. It is now trading 2.02% off that level. The stock is trading $16.91 its 50-day moving average by -0.92%. 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 +9.19% 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 21.04, 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 5.81% with $785.83 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ETE.

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