ENERGY TRANSFER PARTNERS (ETP) : 12 analysts are covering ENERGY TRANSFER PARTNERS (ETP) and their average rating on the stock is 1.83, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. ENERGY TRANSFER PARTNERS (ETP) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
ENERGY TRANSFER PARTNERS (ETP) : 10 investment research analysts covering ENERGY TRANSFER PARTNERS (ETP) have an average price target of $43.6 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 $10.09 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Jefferies maintains its ratings on ENERGY TRANSFER PARTNERS (NYSE:ETP). In the latest research report, Jefferies raises the target price from $46 per share to $47 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 25, 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 $41.25 and $41.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.53, notching a gain of 10.47% for the day. The total traded volume was 11,341,788 . The stock had closed at $38.50 on the previous day.
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.