Energy Transfer Equity, L.P. ETE was a big mover last session, as the company saw its shares rise over 6% on the day. The move led to solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 38.1% in the last one month.
The company has seen no estimate revisions in the past 7 days and the Zacks Consensus Estimate has also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Energy Transfer Equity currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Another top-ranked oil stock is Boardwalk Pipeline Partners, LP BWP, sporting a Zacks Rank #1.
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