ENERGY TRANSFER PARTNERS (ETP) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $63 and the lowest price target forecast is $25. The average forecast of all the analysts is $43 and the expected standard deviation is $10.21.
ENERGY TRANSFER PARTNERS (ETP), A reduction of 1,264,306 shares or 13.2% was observed in the short interest of Energy Transfer Partners L.p. The interest on June 30,2016 came in at 8,331,064 shares and as per the average daily trading of 4,113,003 shares, the days to cover are 2. The reduced interest is 1.6% of the floated shares. The data of June 15,2016 put the interest at 9,595,370 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on ENERGY TRANSFER PARTNERS (NYSE:ETP). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Deutsche Bank raises the price target from $44 per share to $47 per share. The rating by the firm was issued on July 7, 2016.
ENERGY TRANSFER PARTNERS (NYSE:ETP): stock turned positive on Thursday. Though the stock opened at $38.4, the bulls momentum made the stock top out at $38.51 level for the day. The stock recorded a low of $37.9 and closed the trading day at $38.24, in the green by 0.18%. The total traded volume for the day was 3,007,703. The stock had closed at $38.17 in the previous days trading.
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.