ENERGY TRANSFER PARTNERS (ETP) : The value of composite uptick trades was $20.18 million, whereas, the value of composite downtick trades was $32.37 million. The uptick to downtick ratio stood at 0.62 with a negative money flow of ($12.2) Million during Wednesdays trading session. The block trades money flow was negative ($12.83 million). The transaction of the trades on downticks amounted to $12.83 million, which confirms investors selling on the strength of price. ENERGY TRANSFER PARTNERS (ETP) gained 153 cents at $39.97, an increase of 3.98% over the previous days close.
Also, Deutsche Bank maintains their rating on the shares of ENERGY TRANSFER PARTNERS (NYSE:ETP). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $47 per share from $44 per share. The rating by the firm was issued on July 7, 2016.
ENERGY TRANSFER PARTNERS (NYSE:ETP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.30 and $37.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.97, notching a gain of 3.98% for the day. The total traded volume was 3,095,838 . The stock had closed at $38.44 on the previous day.
The stock has recorded a 20-day Moving Average of 3.67% and the 50-Day Moving Average is 6.67%. In a related news, Skidmore David K, director of Energy Transfer Partners, L.P. had purchased 3,000 shares on March 16, 2016 in a transaction. The price per share was $28.54 and the total amount of the disclosed transaction was $85,620.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.