Energy Transfer Partners LP (NYSE:ETP) – Analysts at Jefferies Group lowered their Q4 2017 earnings estimates for Energy Transfer Partners in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Jefferies Group analyst C. Sighinolfi now expects that the pipeline company will earn $0.37 per share for the quarter, down from their previous forecast of $0.43. Jefferies Group also issued estimates for Energy Transfer Partners’ FY2018 earnings at $1.00 EPS, FY2019 earnings at $1.18 EPS, FY2020 earnings at $1.29 EPS and FY2021 earnings at $1.36 EPS.
Energy Transfer Partners (NYSE:ETP) last issued its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.11. The company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $7.31 billion. Energy Transfer Partners had a return on equity of 5.88% and a net margin of 4.97%. The firm’s revenue was up 26.1% compared to the same quarter last year. During the same period last year, the business posted ($0.49) earnings per share.
Several other equities research analysts also recently issued reports on ETP. Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 price target on shares of Energy Transfer Partners in a research report on Friday, September 22nd. Robert W. Baird reaffirmed a “buy” rating and issued a $29.00 price target on shares of Energy Transfer Partners in a research report on Tuesday, September 26th. Citigroup reduced their target price on shares of Energy Transfer Partners from $29.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, October 10th. BMO Capital Markets set a $26.00 target price on shares of Energy Transfer Partners and gave the company a “hold” rating in a research note on Thursday, October 12th. Finally, Mizuho set a $26.00 target price on shares of Energy Transfer Partners and gave the company a “buy” rating in a research note on Sunday, October 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Energy Transfer Partners currently has an average rating of “Buy” and a consensus price target of $25.86.
Shares of Energy Transfer Partners (ETP) traded up $0.23 during trading hours on Friday, hitting $20.01. The stock had a trading volume of 8,703,579 shares, compared to its average volume of 9,280,000. The firm has a market capitalization of $23,120.00, a P/E ratio of 33.35 and a beta of 1.00. Energy Transfer Partners has a 12 month low of $15.25 and a 12 month high of $26.73. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 1.09.
A number of institutional investors and hedge funds have recently made changes to their positions in ETP. JPMorgan Chase & Co. lifted its stake in Energy Transfer Partners by 95.5% during the second quarter. JPMorgan Chase & Co. now owns 23,504,853 shares of the pipeline company’s stock worth $479,265,000 after purchasing an additional 11,483,706 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Energy Transfer Partners by 106.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,859,350 shares of the pipeline company’s stock worth $241,812,000 after purchasing an additional 6,127,839 shares during the period. Atlantic Trust Group LLC lifted its stake in Energy Transfer Partners by 46.3% during the second quarter. Atlantic Trust Group LLC now owns 17,872,172 shares of the pipeline company’s stock worth $364,413,000 after purchasing an additional 5,657,463 shares during the period. Alps Advisors Inc. lifted its stake in Energy Transfer Partners by 11.8% during the third quarter. Alps Advisors Inc. now owns 53,064,680 shares of the pipeline company’s stock worth $970,553,000 after purchasing an additional 5,588,379 shares during the period. Finally, Brookfield Asset Management Inc. lifted its stake in Energy Transfer Partners by 156.1% during the second quarter. Brookfield Asset Management Inc. now owns 5,786,693 shares of the pipeline company’s stock worth $117,991,000 after purchasing an additional 3,527,399 shares during the period. Hedge funds and other institutional investors own 62.16% of the company’s stock.
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Energy Transfer Partners Company Profile
Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.
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