Energy Transfer Equity LP (ETE): Today's Featured Energy Laggard

Energy Transfer Equity ( ETE) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole was unchanged today. By the end of trading, Energy Transfer Equity fell $1.47 (-2.3%) to $63.18 on average volume. Throughout the day, 1,075,442 shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 1,142,100 shares. The stock ranged in price between $62.82-$64.62 after having opened the day at $64.62 as compared to the previous trading day's close of $64.65. Other companies within the Energy industry that declined today were: BMB Munai ( BMBM), down 20.6%, MagneGas Corporation ( MNGA), down 9.5%, BP Prudhoe Bay Royalty ( BPT), down 6.4% and Lone Pine Resources ( LPR), down 6.2%.

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 $18.2 billion and is part of the basic materials sector. Shares are up 42.9% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Energy Transfer Equity a buy, no analysts rate it a sell, and 2 rate 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, 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.

On the positive front, Lucas Energy ( LEI), up 8.7%, FX Energy ( FXEN), up 7.7%, Genie Energy Ltd Common Stock B ( GNE), up 7.1% and Recovery Energy ( RECV), up 6.1% , were all gainers within the energy industry with Chesapeake Energy ( CHK) being today's featured energy industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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