Zacks Investment Research lowered shares of Energy Transfer Partners L.P. (NYSE:ETP) from a hold rating to a strong sell rating in a research note published on Wednesday morning.

According to Zacks, “Considering Energy Transfer Partners' lofty yield and concerns over its ability to maintain current distribution in the tough business environment, we have turned bearish on the gathering and processing partnership. The midstream MLP's dismal track record of earnings surprise history points to its struggles to protect cash flows from the ongoing commodity price weakness. As it is, we believe that MLP valuations will be largely disconnected from business fundamentals as long as the hoopla over crude prices continues. We are also concerned about the partnership’s deteriorating distribution coverage ratio. Lack of growth catalysts remain another major liability. Given these headwinds, we see ETP as a risky bet that ordinary investors should exit.”

A number of other research analysts have also recently weighed in on the stock. Jefferies Group lifted their target price on shares of Energy Transfer Partners L.P. from $46.00 to $47.00 and gave the company a buy rating in a research note on Monday, July 25th. Vetr cut shares of Energy Transfer Partners L.P. from a buy rating to a hold rating and set a $38.50 target price on the stock. in a research note on Tuesday, June 14th. Morgan Stanley initiated coverage on shares of Energy Transfer Partners L.P. in a research note on Monday, August 15th. They set an equal weight rating and a $48.00 target price on the stock. Deutsche Bank AG lifted their target price on shares of Energy Transfer Partners L.P. from $44.00 to $47.00 and gave the company a buy rating in a research note on Thursday, July 7th. Finally, Barclays PLC boosted their price target on shares of Energy Transfer Partners L.P. from $48.00 to $50.00 and gave the stock an overweight rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Energy Transfer Partners L.P. has a consensus rating of Buy and a consensus target price of $46.26.

Analyst Recommendations for Energy Transfer Partners L.P. (NYSE:ETP)

Shares of Energy Transfer Partners L.P. (NYSE:ETP) traded down 1.228% on Wednesday, hitting $36.684. The stock had a trading volume of 585,177 shares. The stock’s market cap is $19.20 billion. Energy Transfer Partners L.P. has a 12 month low of $18.62 and a 12 month high of $47.53. The company has a 50 day moving average price of $38.72 and a 200-day moving average price of $37.10.

Energy Transfer Partners L.P. (NYSE:ETP) last released its earnings results on Friday, August 5th. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Energy Transfer Partners L.P. had a net margin of 5.15% and a return on equity of 5.52%. The company had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter in the previous year, the company earned $0.67 EPS. Energy Transfer Partners L.P.’s revenue for the quarter was down 54.2% on a year-over-year basis. On average, equities research analysts anticipate that Energy Transfer Partners L.P. will post $0.89 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. M&R Capital Management Inc. acquired a new stake in Energy Transfer Partners L.P. during the second quarter worth $106,000. Oakworth Capital Inc. raised its stake in Energy Transfer Partners L.P. by 20.3% in the second quarter. Oakworth Capital Inc. now owns 3,007 shares of the company’s stock worth $109,000 after buying an additional 507 shares during the last quarter. CENTRAL TRUST Co raised its stake in Energy Transfer Partners L.P. by 13.6% in the second quarter. CENTRAL TRUST Co now owns 2,890 shares of the company’s stock worth $110,000 after buying an additional 347 shares during the last quarter. Joel Isaacson & Co. LLC raised its stake in Energy Transfer Partners L.P. by 90.9% in the second quarter. Joel Isaacson & Co. LLC now owns 2,919 shares of the company’s stock worth $111,000 after buying an additional 1,390 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in Energy Transfer Partners L.P. by 95.5% in the first quarter. Bessemer Group Inc. now owns 4,249 shares of the company’s stock worth $138,000 after buying an additional 2,076 shares during the last quarter. Institutional investors and hedge funds own 58.98% of the company’s stock.

About Energy Transfer Partners L.P.

5 Day Chart for NYSE:ETP

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