Large Outflow of Money Witnessed in ENERGY TRANSFER PARTNERS

ENERGY TRANSFER PARTNERS (ETP) : The value of composite uptick trades was $12.78 million, whereas, the value of composite downtick trades was $33.49 million. The uptick to downtick ratio stood at 0.38 with a negative money flow of ($20.71) Million during Fridays trading session. The block trades money flow was negative ($19.63 million). The transaction of the trades on downticks amounted to $19.63 million, which confirms investors selling on the strength of price. ENERGY TRANSFER PARTNERS (ETP) gained 96 cents at $40.43, an increase of 2.43% over the previous days close.


ENERGY TRANSFER PARTNERS (ETP) : 10 investment research analysts covering ENERGY TRANSFER PARTNERS (ETP) have an average price target of $43 for the near short term. The highest target price given by the Brokerage Firm to the stock is $63 and the lowest target is $25 for the short term. Analysts expect the variance to be within $10.21 of the average price.

ENERGY TRANSFER PARTNERS (NYSE:ETP): stock turned positive on Friday. Though the stock opened at $39.36, the bulls momentum made the stock top out at $40.48 level for the day. The stock recorded a low of $39.36 and closed the trading day at $40.43, in the green by 2.43%. The total traded volume for the day was 2,453,538. The stock had closed at $39.47 in the previous days trading.

In a related news, 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.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.