15 May, 2017
Headlines about EV Energy Partners, L.P. (NASDAQ:EVEP) have trended somewhat positive recently, Alpha One reports. GSA Capital Partners LLP now owns 179,123 shares of the oil and gas company's stock worth $374,000 after buying an additional 34,622 shares during the last quarter. Usca Ria LLC's holdings in Enbridge Energy Partners, L.P. were worth $340,000 as of its most recent filing with the SEC.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SXL. Whittier Trust Co. raised its stake in Enbridge Energy Partners, L.P.by 16.0% in the first quarter. Morgan Stanley now owns 1,429,391 shares of the oil and gas company's stock valued at $2,115,000 after buying an additional 1,155,996 shares during the last quarter. Lehman Financial Resources Inc. acquired a new stake in Enbridge Energy Partners, L.P. during the third quarter worth about $216,000. Finally, Morgan Stanley increased its stake in EV Energy Partners, L.P.by 422.8% in the first quarter.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, ETE earned gross profit of 7.12 Billion, in 2015 8.09 Billion gross profit, while in 2016 Energy Transfer Equity, L.P. (ETE) produced 9.07 Billion profit. (NASDAQ:EVEP) traded down 1.79% on Friday, hitting $1.10. The stock appeared -4.10% below its 52-week highs and is up 7.18% for the last five trades.
Energy Transfer Equity, L.P. (ETE) has a market capitalization of 21.52 Billion while its Major Index membership is at 0. NGL Energy Partners earned a media sentiment score of 0.09 on Alpha One's scale. The company has a 50-day moving average price of $18.43 and a 200-day moving average price of $21.12.
Now the P/E of Energy Transfer Equity, L.P. stands at 22.57. (NYSE:EEP) last posted its quarterly earnings results on Wednesday, May 10th.
The company has been one of the biggest innovators in "Oil & Gas Pipelines" employing approximately 30992 full time employees.
The company's expected revenue in the current quarter to be 11.24 Billion, seeing a projected current quarter growth of 4.3%, and per annum growth estimates over the next 5 year period of around 14.13%. During the same period in the prior year, the business posted ($0.58) EPS. The business's quarterly revenue was up 26.6% on a year-over-year basis. Looking at this figure it suggests that the shares of Energy Transfer Equity, L.P. (ETE) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Energy Transfer Equity, L.P. (ETE) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. Stockholders of record on Monday, May 8th will be given a $0.35 dividend. The ex-dividend date is Thursday, May 4th.
TRADEMARK VIOLATION WARNING: This story was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark law. The legal version of this story can be read at https://baseballnewssource.com/markets/enbridge-energy-partners-l-p-eep-stake-maintained-by-usca-ria-llc-updated/705173.html. Wolfe Research assumed coverage on shares of Enbridge Energy Partners, L.P.in a research report on Friday. They issued a "market perform" rating for the company. Zacks Investment Research lowered shares of EV Energy Partners, L.P. from a "buy" rating to a "hold" rating in a report on Tuesday, May 2nd. Sanford C. Bernstein raised shares of Energy Transfer Equity from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $19.00 to $23.00 in a research note on Wednesday. Zacks Investment Research raised shares of Energy Transfer Partners from a "hold" rating to a "buy" rating and set a $29.00 price target for the company in a research report on Monday, January 30th.
EV Energy Partners, L.P.is engaged in the acquisition, development and production of oil and natural gas properties and all of its operations are located in the United States. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Credit Suisse Group AG's target price points to a potential upside of 12.78% from the company's previous close.
