Energy Transfer Partners Price Target Raised to $63.00 at RBC Capital (ETP)
Equities research analysts at RBC Capital hoisted their price objective on shares of Energy Transfer Partners (NYSE:ETP) from $61.00 to $63.00 in a research note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 11.19% from the stock’s previous close.
A number of other firms have also recently commented on ETP. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Energy Transfer Partners in a research note on Friday. They now have a $62.00 price target on the stock, up previously from $60.00. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Energy Transfer Partners presently has a consensus rating of “Buy” and a consensus target price of $66.50.
Shares of Energy Transfer Partners (NYSE:ETP) opened at 58.05 on Monday. 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 $57.18 and a 200-day moving average of $55.66. The company has a market cap of $18.489 billion and a price-to-earnings ratio of 182.19.
Energy Transfer Partners (NYSE:ETP) last released its earnings data 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 $2.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Investors 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 6.74%. The ex-dividend date of this dividend is Thursday, July 31st. This is an increase 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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