Energy Transfer Partners (ETP) Lowered to Sell at Zacks Investment Research

Energy Transfer Partners (NYSE:ETP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

According to Zacks, “Units of Energy Transfer Partners declined over 29% over a year, displaying weak price movement both in absolute and relative terms. The partnership is grappling with various challenges relating to its growth projects which are denting the near term prospects of the stock. Its large-scale Dakota Access pipeline is facing continued opposition from the environmentalists and Sioux tribe. Additionally, the construction of its Mariner East 2 pipeline has also been suspended since the partnership has failed to comply with the Clean Streams Law and the Dam Safety Act. Moreover, the partnership is burdened with high debt which restricts its financial flexibility. We also need to factor ETP’s low return on equity and dismal earnings surprise history. All these factors have made us turn bearish on the stock for the time being.”

Other equities analysts have also recently issued research reports about the stock. Bank of America started coverage on shares of Energy Transfer Partners in a research report on Tuesday, January 9th. They issued a “buy” rating on the stock. Tudor Pickering raised shares of Energy Transfer Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, December 13th. Mizuho set a $26.00 price target on shares of Energy Transfer Partners and gave the company a “buy” rating in a research report on Sunday, October 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $21.00 price target (down previously from $24.00) on shares of Energy Transfer Partners in a research report on Thursday, November 9th. Finally, Robert W. Baird set a $28.00 price target on shares of Energy Transfer Partners and gave the company a “buy” rating in a research report on Saturday, November 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Energy Transfer Partners presently has an average rating of “Buy” and a consensus target price of $25.86.

Shares of Energy Transfer Partners (NYSE:ETP) traded up $0.08 during midday trading on Monday, reaching $18.37. 1,260,654 shares of the company traded hands, compared to its average volume of 8,397,068. Energy Transfer Partners has a twelve month low of $15.25 and a twelve month high of $26.69. The company has a market cap of $21,310.00, a PE ratio of 30.68 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.61 and a current ratio of 0.84.

Several institutional investors have recently bought and sold shares of ETP. Archford Capital Strategies LLC grew its position in shares of Energy Transfer Partners by 636.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 5,115 shares of the pipeline company’s stock valued at $397,000 after purchasing an additional 4,420 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of Energy Transfer Partners during the 4th quarter valued at $127,000. Exane Derivatives grew its position in shares of Energy Transfer Partners by 15,645.8% during the 4th quarter. Exane Derivatives now owns 7,558 shares of the pipeline company’s stock valued at $135,000 after purchasing an additional 7,510 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Energy Transfer Partners by 50.0% during the 2nd quarter. Toronto Dominion Bank now owns 8,250 shares of the pipeline company’s stock valued at $168,000 after purchasing an additional 2,750 shares in the last quarter. Finally, B. Riley Financial Inc. purchased a new position in shares of Energy Transfer Partners during the 3rd quarter valued at $185,000. 61.56% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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