Trade Report: The Energy Transfer Partners L.P. (ETP) Coverage Initiated by Analysts at Wolfe Research

The Energy Transfer Partners L.P. (ETP) Coverage Initiated by Analysts at Wolfe Research

Wolfe Research started coverage on shares of Energy Transfer Partners L.P. (NYSE:ETP) in a research report sent to investors on Friday morning. The brokerage issued a hold rating and a $38.00 price objective on the stock.

Several other research firms have also commented on ETP. Barclays PLC increased their price target on shares of Energy Transfer Partners L.P. from $48.00 to $50.00 and gave the company an overweight rating in a research report on Friday, August 5th. Mizuho initiated coverage on shares of Energy Transfer Partners L.P. in a research report on Thursday, September 29th. They set a buy rating and a $45.00 price target for the company. Zacks Investment Research lowered shares of Energy Transfer Partners L.P. from a hold rating to a sell rating in a research report on Monday, July 11th. Stephens initiated coverage on shares of Energy Transfer Partners L.P. in a research report on Thursday, September 29th. They set an overweight rating and a $50.00 price target for the company. Finally, Stifel Nicolaus raised shares of Energy Transfer Partners L.P. from a hold rating to a buy rating and set a $50.00 price target for the company in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Energy Transfer Partners L.P. has a consensus rating of Buy and an average target price of $45.85.

Energy Transfer Partners L.P. (NYSE:ETP) opened at 36.17 on Friday. The stock’s market capitalization is $18.94 billion. Energy Transfer Partners L.P. has a one year low of $18.62 and a one year high of $47.53. The firm has a 50-day moving average of $38.09 and a 200 day moving average of $37.30.

Energy Transfer Partners L.P. (NYSE:ETP) last released its quarterly earnings results on Friday, August 5th. The company reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The business earned $5.29 billion during the quarter, compared to analyst estimates of $5.71 billion. Energy Transfer Partners L.P. had a net margin of 5.15% and a return on equity of 5.52%. The company’s quarterly revenue was down 54.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. On average, equities research analysts anticipate that Energy Transfer Partners L.P. will post $0.87 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Creative Planning boosted its stake in shares of Energy Transfer Partners L.P. by 6.7% in the third quarter. Creative Planning now owns 2,461,658 shares of the company’s stock worth $91,081,000 after buying an additional 154,602 shares during the last quarter. Grassi Investment Management boosted its stake in shares of Energy Transfer Partners L.P. by 2.5% in the third quarter. Grassi Investment Management now owns 69,775 shares of the company’s stock worth $2,582,000 after buying an additional 1,720 shares during the last quarter. Raymond James Trust N.A. boosted its stake in shares of Energy Transfer Partners L.P. by 13.3% in the third quarter. Raymond James Trust N.A. now owns 10,357 shares of the company’s stock worth $383,000 after buying an additional 1,215 shares during the last quarter. E&G Advisors LP boosted its stake in shares of Energy Transfer Partners L.P. by 16.2% in the third quarter. E&G Advisors LP now owns 25,130 shares of the company’s stock worth $930,000 after buying an additional 3,500 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of Energy Transfer Partners L.P. by 13.7% in the third quarter. Advisory Services Network LLC now owns 11,020 shares of the company’s stock worth $408,000 after buying an additional 1,332 shares during the last quarter. 58.98% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Partners L.P. Company Profile

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