Energy Transfer Partners Coverage Initiated at Credit Suisse (ETP)
Investment analysts at Credit Suisse began coverage on shares of Energy Transfer Partners (NYSE:ETP) in a note issued to investors on Tuesday. The firm set a “neutral” rating and a $64.00 price target on the stock. Credit Suisse’s price target would indicate a potential upside of 11.40% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Energy Transfer Partners in a research note on Wednesday, August 13th. They now have a $60.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Energy Transfer Partners from $61.00 to $63.00 in a research note on Monday, August 11th. They now have an “outperform” rating on the stock. Finally, 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $65.86.
Energy Transfer Partners (NYSE:ETP) opened at 57.45 on Tuesday. 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 $57.19 and a 200-day moving average of $55.99. The company has a market cap of $18.697 billion and a price-to-earnings ratio of 158.32.
Energy Transfer Partners (NYSE:ETP) last announced its earnings results on Wednesday, August 6th. The company reported $0.79 earnings per share for the quarter, beating the analysts’ 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 $2.98 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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