On Friday, Shares of Energy Transfer Equity LP (NYSE: ETE) lost -0.35 percent to $17.25. The stock opened its trade at $17.39 and after floating in a price range of $17.08 to $17.45; the stock grabbed the investor’s attention and traded 2.02M shares as compared to its average daily volume of 3.69M shares. The stock’s institutional ownership stands at 48.60 percent.
Energy Transfer Partners, L.P. (ETP) recently stated its financial results for the quarter ended March 31, 2018.
For the three months ended March 31, 2018, net income was $879.0M and Adjusted EBITDA was $1.880B. Adjusted EBITDA increased $436.0M contrast to the three months ended March 31, 2017, reflecting a boost of $277.0M in Adjusted EBITDA from the crude oil transportation and services segment, as well as higher results from several of the other segments. Net income increased $486.0M contrast to the three months ended March 31, 2017, mainly because of increased operating income in addition to a $172.0M pre-tax gain on Sunoco LP units that were repurchased by Sunoco LP from ETP in February 2018. Distributable Cash Flow attributable to partners, as adjusted, for the three months ended March 31, 2018 totaled $1.220B, a boost of $278.0M contrast to the three months ended March 31, 2017, mainly because of the increase in Adjusted EBITDA.
ETE has a market value of $18.49B while its EPS was booked as $-0.27 in the last 12 months. The stock has 1.08B shares outstanding. In the profitability analysis, the company has gross profit margin of 23.20 percent while net profit margin was 2.40 percent. Beta value of the company was 1.94; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.80.