ENERGY TRANSFER PARTNERS (ETP) : Traders are bullish on ENERGY TRANSFER PARTNERS (ETP) as it has outperformed the S&P 500 by a wide margin of 7.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.58%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.04% in the last 1 week, and is up 10.16% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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 $42.21 and $41.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.28, notching a gain of 1.29% for the day. The total traded volume was 2,928,735 . The stock had closed at $41.74 on the previous day.
The stock has recorded a 20-day Moving Average of 10.33% and the 50-Day Moving Average is 12.53%. Energy Transfer Partners, L.P. is up 22.54% in the last 3-month period. Year-to-Date the stock performance stands at 37.87%.
ENERGY TRANSFER PARTNERS (ETP) : The most positive equity analysts on ENERGY TRANSFER PARTNERS (ETP) expects the shares to touch $63, whereas, the least positive believes that the stock will trade at $25 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $44.2 with an expected fluctuation of $9.76 from the mean.
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.