Energy Transfer Partners Stock Rating Reaffirmed by Credit Suisse (ETP)
Energy Transfer Partners (NYSE:ETP)‘s stock had its “neutral” rating reaffirmed by Credit Suisse in a research note issued on Friday. They currently have a $62.00 price target on the stock, up from their previous price target of $60.00. Credit Suisse’s price target would indicate a potential upside of 10.01% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank cut their price target on shares of Energy Transfer Partners from $69.00 to $65.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Energy Transfer Partners currently has an average rating of “Buy” and an average price target of $66.17.
Energy Transfer Partners (NYSE:ETP) traded up 0.55% on Friday, hitting $56.67. The stock had a trading volume of 891,211 shares. Energy Transfer Partners has a 52-week low of $50.00 and a 52-week high of $59.29. The stock has a 50-day moving average of $57.17 and a 200-day moving average of $55.. The company has a market cap of $18.049 billion and a price-to-earnings ratio of 178.35.
Energy Transfer Partners (NYSE:ETP) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.15. The company had revenue of $13.03 billion for the quarter, compared to the consensus estimate of $11.99 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts expect that Energy Transfer Partners will post $2.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Monday, August 4th will be given a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date of this dividend is Thursday, July 31st. This is a positive change from Energy Transfer Partners’s previous quarterly dividend of $0.94.
Energy Transfer Partners, L.P. (NYSE:ETP) is a limited partnership in the United States engaged in natural gas operations.
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