Jefferies Group Weighs in on Energy Transfer Partners LP’s FY2017 Earnings (ETP)

Energy Transfer Partners LP (NYSE:ETP) – Equities research analysts at Jefferies Group cut their FY2017 earnings estimates for Energy Transfer Partners in a report released on Wednesday. Jefferies Group analyst C. Sighinolfi now expects that the pipeline company will post earnings per share of $1.49 for the year, down from their previous forecast of $1.60. Jefferies Group also issued estimates for Energy Transfer Partners’ FY2018 earnings at $1.73 EPS.

A number of other research analysts also recently weighed in on ETP. Mizuho reiterated a “buy” rating on shares of Energy Transfer Partners in a report on Monday, December 26th. Vetr downgraded Energy Transfer Partners from a “sell” rating to a “strong sell” rating and set a $32.33 target price on the stock. in a report on Monday, December 26th. Royal Bank of Canada reiterated a “buy” rating and set a $48.00 target price on shares of Energy Transfer Partners in a report on Friday, January 6th. Sanford C. Bernstein downgraded Energy Transfer Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 9th. Finally, Zacks Investment Research downgraded Energy Transfer Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 10th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.76.

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

COPYRIGHT VIOLATION NOTICE: This article was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at https://sportsperspectives.com/2017/04/21/jefferies-group-weighs-in-on-energy-transfer-partners-lps-fy2017-earnings-etp-2.html.

Shares of Energy Transfer Partners (NYSE:ETP) traded down 0.06% during midday trading on Thursday, hitting $35.09. The company had a trading volume of 1,424,375 shares. The firm’s 50 day moving average is $36.11 and its 200 day moving average is $36.36. Energy Transfer Partners has a 52 week low of $31.64 and a 52 week high of $43.50. The company’s market capitalization is $19.35 billion.

Energy Transfer Partners (NYSE:ETP) last issued its quarterly earnings results on Wednesday, February 22nd. The pipeline company reported ($1.47) earnings per share for the quarter, missing the consensus estimate of $0.20 by $1.67. The company earned $6.53 billion during the quarter, compared to analyst estimates of $6.48 billion. Energy Transfer Partners had a net margin of 3.79% and a return on equity of 5.39%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.68) EPS.

Several hedge funds have recently modified their holdings of the company. Freestone Capital Holdings LLC acquired a new position in Energy Transfer Partners during the fourth quarter valued at about $3,178,000. Benjamin F. Edwards & Company Inc. boosted its position in Energy Transfer Partners by 200.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 3,000 shares of the pipeline company’s stock valued at $111,000 after buying an additional 2,000 shares during the period. FineMark National Bank & Trust boosted its position in Energy Transfer Partners by 18.6% in the third quarter. FineMark National Bank & Trust now owns 3,082 shares of the pipeline company’s stock valued at $114,000 after buying an additional 483 shares during the period. Ledyard National Bank boosted its position in Energy Transfer Partners by 6.7% in the first quarter. Ledyard National Bank now owns 3,200 shares of the pipeline company’s stock valued at $117,000 after buying an additional 200 shares during the period. Finally, Adirondack Trust Co. boosted its position in Energy Transfer Partners by 0.6% in the first quarter. Adirondack Trust Co. now owns 3,392 shares of the pipeline company’s stock valued at $124,000 after buying an additional 19 shares during the period. 59.41% of the stock is currently owned by hedge funds and other institutional investors.

Energy Transfer Partners Company Profile

Energy Transfer Partners, L.P. (ETP) is engaged in the gathering and processing, compression, treating and transportation of natural gas, focusing on providing midstream services in various natural gas producing regions in the United States, including the Eagle Ford, Haynesville, Barnett, Fayetteville, Marcellus, Utica, Bone Spring and Avalon shales.

5 Day Chart for NYSE:ETP

Receive News & Ratings for Energy Transfer Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply