Energy Transfer Equity, L.P. (NYSE:ETE)‘s price-to-sales ratio of 0.5 is creating a long-term opportunity in the value in its stock. The broad Oil & Gas Pipelines industry has an average P/S ratio of 3.74, which is significantly better than the sector’s 14.84. In the past 13-year record, this ratio went down as low as 0.14 and as high as 1.54. Also, it is up from 91% of the total 107 rivals across the globe.
ETE traded at an unexpectedly high level on 01/03/2018 when the stock experienced a 0.45% gain to a closing price of $17.82. The company saw 6.68 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 5.35 million shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 34.68% move, based on the high target price ($24) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $20.72 price target, but the stock is already up 18.6% from its recent lows. However, the stock is trading at -11.12% versus recent highs ($20.05). Analysts believe that we could see stock price minimum in the $17 range (lowest target price), allowing for another -4.6% drop from its current position. Leading up to this report, we have seen a 8.53% rise in the stock price over the last 30 days and a 2.18% increase over the past 3 months. Overall, the share price is up 3.24% so far this year. Additionally, ETE had a day price range of $17.54 to $18.11.Energy Transfer Equity, L.P. (ETE) Price Potential
Heading into the stock price potential, Energy Transfer Equity, L.P. needs to grow just 12.23% to cross its median price target of $20. In order to determine directional movement, the 50-day and 200-day moving averages for Energy Transfer Equity, L.P. (NYSE:ETE) are $16.55 and $17.21. Given that liquidity is king in short-term, ETE is a stock with 1.07 billion shares outstanding that normally trades 5.81% of its float. The stock price recently experienced a 5-day gain of 4.58% with 0.42 average true range (ATR). ETE has a beta of 1.86 and RSI is 68.3.
Investors also need to beware of the Intercontinental Exchange, Inc. (NYSE:ICE) valuations. The stock trades on a P/S of 8.84, which suggests that the shares are attractive compared with peers. The broad Diversified Investments industry has an average P/S ratio of 12.22, which is significantly worse than the sector’s 6.27. In the past 13-year record, this ratio went down as low as 5.03 and as high as 24.23. Also, it is down from 66% of the total 704 rivals across the globe.Intercontinental Exchange, Inc. (ICE)’s Lead Over its Technicals
Intercontinental Exchange, Inc. by far traveled 27.09% versus a 1-year low price of $55.80. The share price was last seen 1.52% higher, reaching at $70.91 on Jan. 03, 2018. At recent session, the prices were hovering between $69.6 and $71.28. This company shares are 9.29% off its target price of $77.5 and the current market capitalization stands at $41.46B. The recent change has given its price a 3.52% lead over SMA 50 and -2.85% deficit over its 52-week high. The stock witnessed -1.61% declines, 1.47% gains and 7.15% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ICE’s volatility during a week at 1.35% and during a month it has been found around 1.42%.
Intercontinental Exchange, Inc. (ICE) exchanged hands at an unexpectedly high level of 4.31 million shares over the course of the day. Noting its average daily volume at 3.12 million shares each day over the month, this signifies a pretty significant change over the norm.Intercontinental Exchange, Inc. Target Levels
The market experts are predicting a 18.46% rally, based on the high target price ($84) for Intercontinental Exchange, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $62 range (lowest target price). If faced, it would be a -12.57% drop from its current position. Overall, the share price is up 0.5% year to date.