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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Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the United States. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Energy Transfer Equity has a market cap of $15.93 billion and is part of the basic materials sector. The company has a P/E ratio of 48.6, above the S&P 500 P/E ratio of 17.7. Shares are up 23.7% year to date as of the close of trading on Monday. Currently there are seven analysts that rate Energy Transfer Equity a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Energy Transfer Equity as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Harvest Natural Resources ( HNR), down 32.6%, ECA Marcellus Trust I ( ECT), down 26.8%, GMX Resources ( GMXR), down 15.5%, and GeoPetro Resources Company ( GPR), down 11.1%, were all laggards within the energy industry with Chesapeake Energy ( CHK) being today's energy industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

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