Energy Transfer Partners LP Expected to Earn Q2 2018 Earnings of $0.16 Per Share (ETP)

Energy Transfer Partners LP (NYSE:ETP) – Stock analysts at US Capital Advisors lifted their Q2 2018 earnings per share (EPS) estimates for shares of Energy Transfer Partners in a report issued on Wednesday. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will earn $0.16 per share for the quarter, up from their prior forecast of $0.15. US Capital Advisors has a “Hold” rating on the stock.

Energy Transfer Partners (NYSE:ETP) last issued its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.11. The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $7.31 billion. Energy Transfer Partners had a return on equity of 5.88% and a net margin of 4.97%. Energy Transfer Partners’s revenue was up 26.1% on a year-over-year basis. During the same period last year, the business posted ($0.49) earnings per share.

A number of other analysts also recently commented on the company. Zacks Investment Research downgraded Energy Transfer Partners from a “hold” rating to a “sell” rating in a research report on Thursday. Bank of America began coverage on Energy Transfer Partners in a research report on Tuesday, January 9th. They set a “buy” rating for the company. Credit Suisse Group began coverage on Energy Transfer Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $20.00 price target for the company. Tudor Pickering raised Energy Transfer Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, December 13th. Finally, ValuEngine raised Energy Transfer Partners from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $25.86.

Shares of Energy Transfer Partners (NYSE ETP) opened at $20.00 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $23,109.88, a P/E ratio of 29.85 and a beta of 0.99. Energy Transfer Partners has a 52-week low of $15.25 and a 52-week high of $26.73.

A number of large investors have recently added to or reduced their stakes in ETP. BlackRock Inc. grew its position in shares of Energy Transfer Partners by 111.0% in the second quarter. BlackRock Inc. now owns 4,489,481 shares of the pipeline company’s stock valued at $91,540,000 after purchasing an additional 2,361,689 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Energy Transfer Partners by 9,517.3% in the third quarter. SG Americas Securities LLC now owns 2,659,844 shares of the pipeline company’s stock valued at $48,649,000 after purchasing an additional 2,632,187 shares in the last quarter. Legacy Advisors LLC purchased a new position in shares of Energy Transfer Partners in the third quarter valued at $361,000. Sei Investments Co. grew its position in shares of Energy Transfer Partners by 7,819.9% in the third quarter. Sei Investments Co. now owns 37,778 shares of the pipeline company’s stock valued at $691,000 after purchasing an additional 37,301 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Energy Transfer Partners in the third quarter valued at $4,708,000. 61.76% of the stock is owned by institutional investors and hedge funds.

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Energy Transfer Partners Company Profile

Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.

Earnings History and Estimates for Energy Transfer Partners (NYSE:ETP)

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