Energy Transfer Partners LP (ETP) Expected to Announce Quarterly Sales of $8.07 Billion

Equities analysts predict that Energy Transfer Partners LP (NYSE:ETP) will announce $8.07 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Energy Transfer Partners’ earnings, with estimates ranging from $7.29 billion to $9.09 billion. Energy Transfer Partners posted sales of $2.92 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 176.4%. The firm is expected to report its next quarterly earnings report on Wednesday, February 28th.

On average, analysts expect that Energy Transfer Partners will report full year sales of $8.07 billion for the current financial year, with estimates ranging from $27.64 billion to $29.58 billion. For the next year, analysts expect that the business will report sales of $32.33 billion per share, with estimates ranging from $29.49 billion to $35.64 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Energy Transfer Partners.

Energy Transfer Partners (NYSE:ETP) last issued its earnings results on Tuesday, November 7th. The pipeline company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.11. Energy Transfer Partners had a return on equity of 5.88% and a net margin of 4.97%. The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the previous year, the company posted ($0.49) EPS. The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year.

Several analysts recently weighed in on the company. Bank of America assumed coverage on Energy Transfer Partners in a report on Tuesday. They set a “buy” rating for the company. Credit Suisse Group assumed coverage on Energy Transfer Partners in a report on Thursday, January 4th. They set an “outperform” rating and a $20.00 price target for the company. US Capital Advisors cut Energy Transfer Partners from an “overweight” rating to a “hold” rating in a report on Thursday, January 4th. Tudor Pickering raised Energy Transfer Partners from a “hold” rating to a “buy” rating in a report on Wednesday, December 13th. Finally, ValuEngine raised Energy Transfer Partners from a “sell” rating to a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Energy Transfer Partners currently has a consensus rating of “Buy” and an average target price of $25.86.

Shares of Energy Transfer Partners (NYSE ETP) opened at $20.01 on Friday. The firm has a market capitalization of $23,120.00, a P/E ratio of 33.35 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.61 and a current ratio of 0.84. Energy Transfer Partners has a fifty-two week low of $15.25 and a fifty-two week high of $26.73.

A number of hedge funds and other institutional investors have recently made changes to their positions in ETP. Toronto Dominion Bank raised its holdings in Energy Transfer Partners by 50.0% in the 2nd quarter. Toronto Dominion Bank now owns 8,250 shares of the pipeline company’s stock valued at $168,000 after acquiring an additional 2,750 shares in the last quarter. B. Riley Financial Inc. acquired a new position in Energy Transfer Partners in the 3rd quarter valued at $185,000. TD Asset Management Inc. acquired a new position in Energy Transfer Partners in the 3rd quarter valued at $187,000. Yellowstone Partners LLC acquired a new position in Energy Transfer Partners in the 3rd quarter valued at $189,000. Finally, Belpointe Asset Management LLC acquired a new position in Energy Transfer Partners in the 3rd quarter valued at $191,000. 62.16% of the stock is owned by hedge funds and other institutional investors.

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About Energy Transfer Partners

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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