Deutsche Bank Lowers Energy Transfer Partners Price Target to $65.00 (ETP)
Equities researchers at Deutsche Bank cut their price target on shares of Energy Transfer Partners (NYSE:ETP) from $69.00 to $65.00 in a research report issued on Friday. Deutsche Bank’s price objective indicates a potential upside of 15.15% from the company’s current price.
Energy Transfer Partners (NYSE:ETP) traded down 0.11% during mid-day trading on Friday, hitting $56.39. The stock had a trading volume of 256,156 shares. Energy Transfer Partners has a 1-year low of $49.40 and a 1-year high of $58.41. The stock’s 50-day moving average is $56.79 and its 200-day moving average is $55.27. The company’s market cap is $17.960 billion.
Energy Transfer Partners (NYSE:ETP) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.60 earnings per share. Energy Transfer Partners’s revenue was up 12.7% compared to the same quarter last year. On average, analysts predict that Energy Transfer Partners will post $2.69 earnings per share for the current fiscal year.
ETP has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. upgraded shares of Energy Transfer Partners from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 2nd. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Energy Transfer Partners in a research note on Wednesday, June 4th. They now have a $64.00 price target on the stock, up previously from $60.00. Finally, 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.25.
Energy Transfer Partners, L.P. (NYSE:ETP) is a limited partnership in the United States engaged in natural gas operations.
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