Energy Transfer Partners LP (NYSE:ETP) was downgraded by stock analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating in a report released on Tuesday, October 17th, Marketbeat reports. They presently have a $20.00 target price on the pipeline company’s stock. Goldman Sachs Group, Inc. (The)’s target price points to a potential upside of 16.86% from the company’s current price.
Several other equities research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Energy Transfer Partners from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BMO Capital Markets set a $26.00 target price on shares of Energy Transfer Partners and gave the stock a “hold” rating in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of Energy Transfer Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada restated a “buy” rating and set a $28.00 price target on shares of Energy Transfer Partners in a report on Wednesday, September 6th. Finally, Robert W. Baird restated a “buy” rating and set a $29.00 price target on shares of Energy Transfer Partners in a report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $27.49.
Shares of Energy Transfer Partners (NYSE ETP) traded down $0.40 during trading on Tuesday, reaching $17.12. 5,312,349 shares of the company’s stock were exchanged, compared to its average volume of 7,660,000. The firm has a market capitalization of $19,710.00, a price-to-earnings ratio of 35.02 and a beta of 1.01. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.77 and a quick ratio of 0.55. Energy Transfer Partners has a 1 year low of $16.06 and a 1 year high of $27.99.
Energy Transfer Partners (NYSE:ETP) last issued its quarterly earnings results on Tuesday, August 8th. The pipeline company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.21). Energy Transfer Partners had a negative return on equity of 0.97% and a net margin of 4.44%. The business had revenue of $6.58 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same quarter last year, the firm posted $0.10 EPS. Energy Transfer Partners’s revenue for the quarter was up 24.3% on a year-over-year basis. research analysts expect that Energy Transfer Partners will post 0.52 earnings per share for the current year.
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In other Energy Transfer Partners news, CEO Kelcy L. Warren acquired 1,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $18.65 per share, with a total value of $18,650,000.00. Following the completion of the acquisition, the chief executive officer now owns 2,031,646 shares in the company, valued at approximately $37,890,197.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.74% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. V Wealth Management LLC bought a new position in Energy Transfer Partners during the second quarter valued at $106,000. Duncker Streett & Co. Inc. boosted its stake in shares of Energy Transfer Partners by 17.9% during the second quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock valued at $106,000 after purchasing an additional 785 shares during the period. Ffcm LLC boosted its stake in shares of Energy Transfer Partners by 433.9% during the second quarter. Ffcm LLC now owns 5,526 shares of the pipeline company’s stock valued at $115,000 after purchasing an additional 4,491 shares during the period. Fiduciary Trust Co. purchased a new stake in shares of Energy Transfer Partners during the second quarter valued at $119,000. Finally, Oakworth Capital Inc. boosted its stake in shares of Energy Transfer Partners by 121.2% during the second quarter. Oakworth Capital Inc. now owns 5,876 shares of the pipeline company’s stock valued at $120,000 after purchasing an additional 3,219 shares during the period. Institutional investors own 58.37% of the company’s stock.
Energy Transfer Partners Company Profile
Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.
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