Energy Transfer Equity Rises On Unusually High Volume (ETE)
Energy Transfer Equity (NYSE:ETE) is trading at unusually high volume Friday with four million shares changing hands. It is currently at 4.5 times its average daily volume and trading up $1.17 (+2.2%).
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. NEW YORK ( TheStreet) -- Energy Transfer Equity (NYSE: ETE) is trading at unusually high volume Friday with four million shares changing hands. It is currently at 4.5 times its average daily volume and trading up $1.17 (+2.2%) at $55.18 as of 3:51 p.m. ET.
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Energy Transfer Equity has a market cap of $15.79 billion and is part of the basic materials sector and energy industry. Shares are up 18.8% year to date as of the close of trading on Thursday. 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. The company has a P/E ratio of 79.2, above the S&P 500 P/E ratio of 17.7. 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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Energy Transfer Equity Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..