Zacks Investment Research upgraded shares of Energy Transfer Partners L.P. (NYSE:ETP) from a strong sell rating to a hold rating in a research report report published on Monday.

According to Zacks, “Energy Transfer Partners has strategically-positioned assets that serve major North American natural gas-producing basins. We appreciate its recent dropdown deals with Sunoco L.P. The cash proceeds from the transactions would substantially reduce the partnership’s financing needs for its 2016 capital program. Also, ETP's exchange deal with Energy Transfer Equity should be value accretive. Additionally, ETP has been consistently returning value to its unitholders through distributions, making it attractive for those looking for a steady source of income. However, the weak energy environment, lack of growth catalysts and high current yield remain major liabilities. Consequently, we would rather wait for a better entry point before accumulating ETP units.”

ETP has been the subject of a number of other research reports. Credit Suisse Group AG set a $52.00 price objective on shares of Energy Transfer Partners L.P. and gave the company a buy rating in a research note on Saturday, August 6th. TheStreet raised shares of Energy Transfer Partners L.P. from a hold rating to a buy rating in a research report on Thursday, August 4th. Jefferies Group reissued a buy rating on shares of Energy Transfer Partners L.P. in a research report on Thursday, August 4th. Morgan Stanley initiated coverage on shares of Energy Transfer Partners L.P. in a research report on Monday, August 15th. They set an equal weight rating and a $48.00 price target for the company. Finally, Robert W. Baird raised shares of Energy Transfer Partners L.P. from a neutral rating to an outperform rating and increased their price target for the company from $25.00 to $45.00 in a research report on Monday, September 26th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Energy Transfer Partners L.P. currently has an average rating of Buy and a consensus target price of $45.85.

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

Energy Transfer Partners L.P. (NYSE:ETP) traded up 1.7219% during midday trading on Monday, reaching $36.0299. The company had a trading volume of 518,490 shares. The firm’s market capitalization is $18.86 billion. The stock’s 50 day moving average price is $37.70 and its 200-day moving average price is $37.45. Energy Transfer Partners L.P. has a one year low of $18.62 and a one year high of $47.53.

Energy Transfer Partners L.P. (NYSE:ETP) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate 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 earned $5.29 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The firm’s revenue was down 54.2% on a year-over-year basis. On average, equities research analysts anticipate that Energy Transfer Partners L.P. will post $0.87 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the stock. M&R Capital Management Inc. bought a new stake in Energy Transfer Partners L.P. during the second quarter valued at about $106,000. CENTRAL TRUST Co boosted 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 valued at $110,000 after buying an additional 347 shares during the last quarter. Joel Isaacson & Co. LLC boosted 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 valued at $111,000 after buying an additional 1,390 shares during the last quarter. Oakworth Capital Inc. boosted 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 valued at $109,000 after buying an additional 507 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Energy Transfer Partners L.P. by 45.8% in the second quarter. Sei Investments Co. now owns 3,687 shares of the company’s stock valued at $140,000 after buying an additional 1,159 shares during the last quarter. Hedge funds and other institutional investors own 58.99% of the company’s stock.

Energy Transfer Partners L.P. Company Profile

5 Day Chart for NYSE:ETP

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