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Energy Transfer (NYSE:ETP) was downgraded by Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Tuesday, Stock Ratings Network reports.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Energy Transfer in a research note to investors on Monday, January 6th. They set a “neutral” rating and a $58.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Energy Transfer from $62.00 to $66.00 in a research note to investors on Monday, January 6th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Energy Transfer in a research note to investors on Thursday, December 26th. They now have a $57.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $59.19.

Energy Transfer (NYSE:ETP) traded up 0.17% on Tuesday, hitting $53.34. 1,217,284 shares of the company’s stock traded hands. Energy Transfer has a 52 week low of $45.16 and a 52 week high of $57.31. The stock’s 50-day moving average is $53.89 and its 200-day moving average is $52.47. The company has a market cap of $17.611 billion and a price-to-earnings ratio of 23.58.

Energy Transfer (NYSE:ETP) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.58 by $0.07. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.93 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 560.5% on a year-over-year basis. Analysts expect that Energy Transfer will post $2.34 EPS for the current fiscal year.

Energy Transfer Partners, L.P. (NYSE:ETP) is a limited partnership based in the United States engaged in natural gas operations.

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