ENERGY TRANSFER PARTNERS (NYSE:ETP) has climbed 1.55% in the past week and advanced 5.56% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.77% and the outperformance has advanced to 4.59% for the last 4 weeks period.
ENERGY TRANSFER PARTNERS (NYSE:ETP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.74 and $37.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.56, notching a gain of 0.71% for the day. The total traded volume was 7,293,480 . The stock had closed at $38.29 on the previous day.
The company shares have dropped -30.07% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $56.49 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $36.27 and the 200 Day Moving Average price is recorded at $31.56.
On the companys insider trading activities, Skidmore David K, director of Energy Transfer Partners, L.P., had purchased 3,000 shares on March 16, 2016. The total value of the transaction was $85,620. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Barclays maintains its rating on ENERGY TRANSFER PARTNERS (NYSE:ETP).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $42 per share to $48 per share. The rating by the firm was issued on May 31, 2016. Currently the company Insiders own 0.17% of ENERGY TRANSFER PARTNERS shares according to the proxy statements. Institutional Investors own 59.01% of ENERGY TRANSFER PARTNERS shares. During last six month period, the net percent change held by insiders has seen a change of 28.88%.
Energy Transfer Partners, L.P. is a master limited partnership. The Companys 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.