Equities research analysts expect that Energy Transfer Partners LP (NYSE:ETP) will report earnings per share of $0.34 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Energy Transfer Partners’ earnings, with estimates ranging from $0.12 to $0.52. Energy Transfer Partners posted earnings per share of $0.33 during the same quarter last year, which indicates a positive year-over-year growth rate of 3%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 6th.
On average, analysts expect that Energy Transfer Partners will report full-year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $0.96 to $1.07. For the next financial year, analysts anticipate that the firm will post earnings of $1.62 per share, with EPS estimates ranging from $1.12 to $2.33. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Energy Transfer Partners.
Energy Transfer Partners (NYSE:ETP) last issued its quarterly earnings results on Wednesday, August 8th. The pipeline company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.12). Energy Transfer Partners had a net margin of 8.24% and a return on equity of 8.00%. The business had revenue of $9.41 billion during the quarter, compared to analysts’ expectations of $8.52 billion.
A number of research analysts have commented on the company. ValuEngine raised Energy Transfer Partners from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $27.00 target price (up previously from $24.00) on shares of Energy Transfer Partners in a report on Friday, August 10th. Wolfe Research raised Energy Transfer Partners from a “market perform” rating to an “outperform” rating in a report on Friday, August 3rd. Zacks Investment Research raised Energy Transfer Partners from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Monday, October 1st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $27.00 target price (up previously from $22.00) on shares of Energy Transfer Partners in a report on Friday, August 3rd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $24.36.
NYSE:ETP opened at $21.61 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.99. Energy Transfer Partners has a 52 week low of $15.06 and a 52 week high of $24.38. The company has a market cap of $25.96 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 1.65 and a beta of 1.28.
In related news, CEO Kelcy L. Warren purchased 1,633,554 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were acquired at an average cost of $22.50 per share, for a total transaction of $36,754,965.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Thomas E. Long purchased 10,000 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were bought at an average price of $22.33 per share, for a total transaction of $223,300.00. Following the completion of the transaction, the chief financial officer now directly owns 174,625 shares in the company, valued at approximately $3,899,376.25. The disclosure for this purchase can be found here. Insiders have bought a total of 2,010,000 shares of company stock worth $45,080,386 over the last quarter. Insiders own 3.74% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. raised its position in shares of Energy Transfer Partners by 18.8% during the 2nd quarter. Alps Advisors Inc. now owns 59,550,445 shares of the pipeline company’s stock worth $1,067,144,000 after purchasing an additional 9,440,341 shares during the period. Tortoise Capital Advisors L.L.C. raised its position in shares of Energy Transfer Partners by 6.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 41,992,731 shares of the pipeline company’s stock worth $799,542,000 after purchasing an additional 2,468,036 shares during the period. Kayne Anderson Capital Advisors LP raised its position in shares of Energy Transfer Partners by 2.0% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 34,311,750 shares of the pipeline company’s stock worth $556,518,000 after purchasing an additional 657,243 shares during the period. Brookfield Asset Management Inc. raised its position in shares of Energy Transfer Partners by 273.6% during the 1st quarter. Brookfield Asset Management Inc. now owns 19,195,528 shares of the pipeline company’s stock worth $311,352,000 after purchasing an additional 14,057,785 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Energy Transfer Partners during the 2nd quarter worth approximately $240,750,000. Institutional investors and hedge funds own 61.41% of the company’s stock.
About Energy Transfer Partners
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company's Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas through connections with other pipeline systems, as well as through its ET Fuel System and HPL System.
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