Energy Transfer Partners LP (ETP) is Upgraded by Stifel to Buy, Price Target at $50

Energy Transfer Partners LP (ETP) was Upgraded by Stifel to ” Buy” and the brokerage firm has set the Price Target at $50. Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Energy Transfer Partners LP. Energy Transfer Partners LP was Upgraded by Goldman to ” Buy” on May 23, 2016.

On the company’s financial health, Energy Transfer Partners LP reported $-0.68 EPS for the quarter, missing the analyst consensus estimate by $ -1.20 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $0.52. The company had revenue of $5825.00 million for the quarter, compared to analysts expectations of $8434.31 million. The company’s revenue was down -56.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.25 EPS.

Energy Transfer Partners LP opened for trading at $41.37 and hit $43 on the upside on Thursday, eventually ending the session at $41.74, with a gain of 0.64% or 0.265 points. The heightened volatility saw the trading volume jump to 65,64,429 shares. Company has a market cap of $21,651 M.

In a different news, on Mar 18, 2016, David K Skidmore (director) purchased 3,000 shares at $28.54 per share price. According to the SEC, on Dec 8, 2015, Kelcy L Warren (Chief Executive Officer) purchased 50 shares at $30.37 per share price. On Sep 21, 2015, Michael K Grimm (director) purchased 1,325 shares at $45.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Energy Transfer Partners L.P. is a master limited partnership. The Company’s operating segments include Intrastate Transportation and Storage segment; Interstate Transportation and Storage segment; Midstream segment; Liquids Transportation and Services segment; Investment in Sunoco Logistics segment; Retail Marketing segment and All Other segment. It is engaged in natural gas operations including natural gas midstream and intrastate transportation and storage and interstate natural gas transportation and storage; Liquids operations including NGL transportation storage and fractionation services; product and crude oil operations including product and crude oil transportation terminalling services and acquisition and marketing activities and retail marketing of gasoline and middle distillates. It is managed by its general partner Energy Transfer Partners GP L.P. Its brands include Sunoco Stripes Aplus Aloha Island Mart Exxon Valero Mobil Shell and Chevron among others.

Energy Transfer Partners LP

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