Crude oil (WTI) is up 1.42% to $47.26 per barrel and Brent crude is up 1.42% to $48.64 per barrel. The modest rebound follows two days of sharp declines.
Prices are rising on expectations that the U.S. government will report a seventh straight weekly drop in crude stockpiles, CNBC reports.
Energy Transfer stock is also experiencing a slight rebound this week after the company's proposed merger with Williams Cos. (WMB) was finally terminated in Delaware courts in favor of Energy Transfer. The company's law firm was unable to deliver a required tax opinion on time.
Williams Cos. stock is up 0.30% to $20.15.
Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C.
The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and impressive record of earnings per share growth. However, TheStreet Ratings also finds weaknesses including a generally disappointing performance in the stock itself and poor profit margins.
You can view the full analysis from the report here: ETE
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.