Energy Transfer Partners’s Overweight Rating Reaffirmed at JPMorgan Chase & Co. (ETP)
Energy Transfer Partners (NYSE:ETP)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research note issued on Wednesday. They currently have a $64.00 price objective on the stock, up from their previous price objective of $60.00. JPMorgan Chase & Co.’s price objective indicates a potential upside of 13.90% from the stock’s previous close.
A number of other analysts have also recently weighed in on ETP. Analysts at Zacks reiterated a “neutral” rating on shares of Energy Transfer Partners in a research note on Wednesday, May 28th. They now have a $59.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Energy Transfer Partners from $60.00 to $61.00 in a research note on Monday, May 12th. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Energy Transfer Partners in a research note on Thursday, May 8th. They now have a $60.00 price target on the stock, up previously from $58.00. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $61.38.
Shares of Energy Transfer Partners (NYSE:ETP) traded up 0.82% during mid-day trading on Wednesday, hitting $56.6499. The stock had a trading volume of 428,314 shares. Energy Transfer Partners 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 $56.08 and a 200-day moving average of $54.59. The company’s market cap is $18.043 billion.
Energy Transfer Partners (NYSE:ETP) last released its 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. Analysts expect that Energy Transfer Partners will post $2.67 EPS for the current fiscal year.
Energy Transfer Partners, L.P. (NYSE:ETP) is a limited partnership in the United States engaged in natural gas operations.
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