Energy Transfer Partners L.P. (NYSE:ETP) – Research analysts at Jefferies Group decreased their Q3 2016 EPS estimates for shares of Energy Transfer Partners L.P. in a research note issued on Thursday. Jefferies Group analyst C. Sighinolfi now expects that the firm will post earnings per share of $0.33 for the quarter, down from their previous forecast of $0.36. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Energy Transfer Partners L.P.’s FY2017 earnings at $2.69 EPS.

Other research analysts have also issued reports about the company. Deutsche Bank AG upped their target price on Energy Transfer Partners L.P. from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, July 7th. Wells Fargo & Co. reiterated a “buy” rating on shares of Energy Transfer Partners L.P. in a research note on Sunday, September 25th. Stifel Nicolaus upgraded Energy Transfer Partners L.P. from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Friday, August 5th. TheStreet upgraded Energy Transfer Partners L.P. from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Finally, Credit Suisse Group AG set a $52.00 price target on Energy Transfer Partners L.P. and gave the company a “buy” rating in a research note on Saturday, August 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.85.

Earnings History and Estimates for Energy Transfer Partners L.P. (NYSE:ETP)

Shares of Energy Transfer Partners L.P. (NYSE:ETP) opened at 35.30 on Monday. Energy Transfer Partners L.P. has a 52 week low of $18.62 and a 52 week high of $47.53. The company’s 50-day moving average price is $37.83 and its 200 day moving average price is $37.33. The company’s market cap is $18.48 billion.

Energy Transfer Partners L.P. (NYSE:ETP) last issued its earnings results on Friday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.71 billion. Energy Transfer Partners L.P. had a return on equity of 5.52% and a net margin of 5.15%. The firm’s quarterly revenue was down 54.2% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS.

Several institutional investors have recently made changes to their positions in ETP. Spirit of America Management Corp NY boosted its position in shares of Energy Transfer Partners L.P. by 3.2% in the third quarter. Spirit of America Management Corp NY now owns 426,911 shares of the company’s stock worth $15,795,000 after buying an additional 13,200 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its position in shares of Energy Transfer Partners L.P. by 8.6% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,801,992 shares of the company’s stock worth $66,674,000 after buying an additional 142,300 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Energy Transfer Partners L.P. by 10.1% in the third quarter. Private Trust Co. NA now owns 22,312 shares of the company’s stock worth $825,000 after buying an additional 2,038 shares during the last quarter. Adams Asset Advisors LLC boosted its position in shares of Energy Transfer Partners L.P. by 1.5% in the third quarter. Adams Asset Advisors LLC now owns 154,124 shares of the company’s stock worth $5,702,000 after buying an additional 2,295 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Energy Transfer Partners L.P. by 6.7% in the third quarter. Creative Planning now owns 2,461,658 shares of the company’s stock worth $91,081,000 after buying an additional 154,602 shares during the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.

About Energy Transfer Partners L.P.

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