Energy Transfer Stock Rating Reaffirmed by Stifel Nicolaus (ETP)
Energy Transfer (NYSE:ETP)‘s stock had its “buy” rating restated by equities research analysts at Stifel Nicolaus in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. They currently have a $62.00 price objective on the stock, up from their previous price objective of $57.00. Stifel Nicolaus’ price objective points to a potential upside of 6.58% from the company’s current price.
Energy Transfer (NYSE:ETP) traded down 3.25% on Thursday, hitting $56.28. The stock had a trading volume of 931,698 shares. Energy Transfer has a 52 week low of $45.16 and a 52 week high of $58.20. The stock has a 50-day moving average of $54.98 and a 200-day moving average of $54.16. The company’s market cap is $18.263 billion.
Energy Transfer (NYSE:ETP) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.61. The company had revenue of $12.23 billion for the quarter, compared to the consensus estimate of $769.97 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts predict that Energy Transfer will post $2.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a dividend of $0.935 per share. This represents a $3.74 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.92.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Energy Transfer in a research note on Wednesday, March 19th. They now have a $57.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $58.88.
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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