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 $15.26, up from yesterday’s close by 3.46%. 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 $16.55 Billion. That value represents a market adjusting for revenues that have been growing by 21.97 % 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 -$3.89 Billion over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0.44 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

It’s important to check the technicals to get a sense of how ETE has been acting. Looking at the stock’s movement on the chart, Energy Transfer Equity, L.P. recorded a 52-week high of $19.50. It is now trading 4.24% off that level. The stock is trading $15.52 its 50-day moving average by 0.26%. The stock carved out a 52-week low down at $12.80.

In recent action, Energy Transfer Equity, L.P. (ETE) has made a move of +2.69% 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 13.41, 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 3.95% with $785.72 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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