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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.2%. By the end of trading, Energy Transfer Equity rose $1.21 (1.9%) to $64.90 on average volume. Throughout the day, 1,245,920 shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 1,038,900 shares. The stock ranged in a price between $63.10-$65.95 after having opened the day at $63.34 as compared to the previous trading day's close of $63.69. Other companies within the Energy industry that increased today were: Andatee China Marine Fuel Services Corporat ( AMCF), up 61.8%, GMX Resources ( GMXRQ), up 15.1%, Ivanhoe Energy ( IVAN), up 10.0% and Magnum Hunter Resources Corportion ( MHR), up 7.8%.

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 $17.6 billion and is part of the basic materials sector. Shares are up 37.8% year to date as of the close of trading on Thursday. 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, increase in net income, good cash flow from operations, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front, GeoPetro Resources Company ( GPR), down 27.5%, Enduro Royalty ( NDRO), down 13.0%, MagneGas Corporation ( MNGA), down 12.1% and KiOR ( KIOR), down 8.3% , were all laggards within the energy industry with Petroleo Brasileiro SA Petrobras ( PBR) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers