Robert W. Baird set a $21.00 target price on Energy Transfer Partners (NYSE:ETP) in a research report report published on Friday morning. The firm currently has a buy rating on the pipeline company’s stock.
Several other research firms have also issued reports on ETP. Zacks Investment Research raised shares of Energy Transfer Partners from a sell rating to a hold rating in a research report on Monday, January 29th. Stifel Nicolaus set a $27.00 price target on shares of Energy Transfer Partners and gave the company a buy rating in a research report on Friday, February 23rd. Bank of America began coverage on shares of Energy Transfer Partners in a research report on Tuesday, January 9th. They issued a buy rating on the stock. US Capital Advisors lowered shares of Energy Transfer Partners from an overweight rating to a hold rating in a research report on Thursday, January 4th. Finally, Credit Suisse Group began coverage on shares of Energy Transfer Partners in a research report on Thursday, January 4th. They issued an outperform rating and a $20.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Energy Transfer Partners currently has an average rating of Buy and an average price target of $25.62.
ETP opened at $16.54 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.71 and a current ratio of 0.93. The stock has a market capitalization of $19,252.96, a price-to-earnings ratio of 22.97, a P/E/G ratio of 0.93 and a beta of 0.97. Energy Transfer Partners has a twelve month low of $15.06 and a twelve month high of $24.64.
Energy Transfer Partners (NYSE:ETP) last released its earnings results on Wednesday, February 21st. The pipeline company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.08. The firm had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $8.07 billion. Energy Transfer Partners had a net margin of 6.54% and a return on equity of 6.43%. research analysts anticipate that Energy Transfer Partners will post 1.23 earnings per share for the current fiscal year.
In other news, Director Michael K. Grimm bought 4,600 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were acquired at an average price of $17.06 per share, with a total value of $78,476.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.17% of the company’s stock.
A number of institutional investors have recently bought and sold shares of ETP. Cerebellum GP LLC bought a new position in shares of Energy Transfer Partners in the 4th quarter worth $127,000. Exane Derivatives increased its holdings in shares of Energy Transfer Partners by 15,645.8% in the 4th quarter. Exane Derivatives now owns 7,558 shares of the pipeline company’s stock worth $135,000 after buying an additional 7,510 shares during the last quarter. SWS Partners bought a new position in shares of Energy Transfer Partners in the 4th quarter worth $145,000. Captrust Financial Advisors bought a new position in shares of Energy Transfer Partners in the 4th quarter worth $152,000. Finally, Montag A & Associates Inc. bought a new position in shares of Energy Transfer Partners in the 4th quarter worth $183,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/09/energy-transfer-partners-etp-pt-set-at-21-00-by-robert-w-baird.html.
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.
Receive News & Ratings for Energy Transfer Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer Partners and related companies with MarketBeat.com's FREE daily email newsletter.