Energy Transfer Equity LP (ETE): Today's Featured Energy Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Energy Transfer Equity (ETE) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day down 1.3%. By the end of trading, Energy Transfer Equity rose 59 cents (1.1%) to $56.83 on light volume. Throughout the day, 386,828 shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 656,900 shares. The stock ranged in a price between $56.05-$56.95 after having opened the day at $56.24 as compared to the previous trading day's close of $56.24. Other companies within the Energy industry that increased today were: BMB Munai (BMBM), up 22.8%, Gastar Exploration (GST), up 19.1%, Abraxas Petroleum Corporation (AXAS), up 4.9%, and TransMontaigne Partners L.P (TLP), up 4.5%.
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