Energy Transfer Partners Receives Average Rating of “Buy” from Analysts (NYSE:ETP)
Energy Transfer Partners (NYSE:ETP) has earned an average recommendation of “Buy” from the nine brokerages that are presently covering the company, AR Network reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $65.86.
ETP has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of Energy Transfer Partners in a research note on Tuesday. They set a “neutral” rating and a $64.00 price target on the stock. Separately, 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. Finally, 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.
Shares of Energy Transfer Partners (NYSE:ETP) traded down 0.39% on Friday, hitting $56.77. The stock had a trading volume of 143,333 shares. Energy Transfer Partners has a one year low of $50.00 and a one year high of $59.29. The stock’s 50-day moving average is $57.24 and its 200-day moving average is $56.07. The company has a market cap of $18.475 billion and a P/E ratio of 157.00.
Energy Transfer Partners (NYSE:ETP) last issued its quarterly 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 $2.98 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.