Rating Flow: Is ENERGY TRANSFER PARTNERS (NYSE:ETP) Worth Your Time After Placed BMO Capital’s Downgrade?

November 23, 2016 - By Winifred Garcia

Rating Flow: Is ENERGY TRANSFER PARTNERS (NYSE:ETP) Worth Your Time After Placed BMO Capital's Downgrade?

ENERGY TRANSFER PARTNERS (NYSE:ETP) Downgrade

ENERGY TRANSFER PARTNERS (NYSE:ETP)‘s stock was cut to a Market Perform by stock analysts at BMO Capital. ETP’s Outperform rating is no longer valid.

Energy Transfer Partners LP (NYSE:ETP) Ratings Coverage

Out of 16 analysts covering Energy Transfer Partners (NYSE:ETP), 12 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 75% are positive. $68 is the highest target while $25 is the lowest. The $48.33 average target is 36.06% above today’s ($35.52) stock price. Energy Transfer Partners has been the topic of 32 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Friday, February 26, the company rating was maintained by Stifel Nicolaus. The company was downgraded on Friday, January 22 by Oppenheimer. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, May 31. As per Thursday, September 29, the company rating was initiated by Stephens. The rating was maintained by RBC Capital Markets on Tuesday, November 24 with “Outperform”. Goldman Sachs maintained Energy Transfer Partners LP (NYSE:ETP) rating on Thursday, May 12. Goldman Sachs has “Neutral” rating and $33 price target. The firm has “Market Perform” rating by Bernstein given on Wednesday, May 11. The firm has “Buy” rating by Zacks given on Monday, August 10. The company was downgraded on Tuesday, November 22 by Stifel Nicolaus. Stifel Nicolaus maintained it with “Buy” rating and $60 target price in Tuesday, August 11 report.

About 2.15M shares traded hands. Energy Transfer Partners LP (NYSE:ETP) has declined 1.81% since April 21, 2016 and is downtrending. It has underperformed by 7.14% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.34 in 2016 Q2. Its up 0.34, from 1 in 2016Q1. The ratio improved, as 48 funds sold all Energy Transfer Partners LP shares owned while 135 reduced positions. 40 funds bought stakes while 143 increased positions. They now own 256.39 million shares or 8.74% less from 280.94 million shares in 2016Q1.

Atlantic Group Inc Lc, a Georgia-based fund reported 11.58 million shares. Vsr Fincl accumulated 0.27% or 42,827 shares. Castleark Mngmt Limited Co reported 369,139 shares or 0.45% of all its holdings. Cohen Steers owns 1.18 million shares or 0.12% of their US portfolio. Moreover, Thrivent Fincl For Lutherans has 0% invested in Energy Transfer Partners LP (NYSE:ETP) for 228 shares. Invesco has invested 0% of its portfolio in Energy Transfer Partners LP (NYSE:ETP). Pure Advsr accumulated 6,000 shares or 0.08% of the stock. Weiss Multi has invested 0.62% of its portfolio in Energy Transfer Partners LP (NYSE:ETP). Moreover, Sii Invests Wi has 0.04% invested in Energy Transfer Partners LP (NYSE:ETP) for 11,555 shares. Starr International Communication accumulated 0.32% or 82,480 shares. Plante Moran Fincl Limited Company accumulated 0.17% or 6,087 shares. Ashfield Cap Prtnrs Lc reported 12,407 shares or 0.04% of all its holdings. Thompson Siegel Walmsley Llc has 0% invested in the company for 236 shares. Highland Mngmt Lp has 1.17% invested in the company for 742,209 shares. Silvercrest Asset Mgmt Grp Ltd Liability accumulated 21,886 shares or 0.01% of the stock.

Energy Transfer Partners, L.P. is a master limited partnership. The company has a market cap of $18.57 billion. The Firm is engaged in natural gas operations, including natural gas midstream and intrastate transportation and storage. It currently has negative earnings.

According to Zacks Investment Research, “Energy Transfer Partners, L.P. is a publicly traded partnership owning and operating a diversified portfolio of energy assets. The Partnership’s natural gas operations includes miles of natural gas gathering and transportation pipelines, natural gas treating and processing assets located in Texas and Louisiana, and three natural gas storage facilities located in Texas.”

ETP Company Profile

Energy Transfer Partners, L.P. (ETP), incorporated on April 17, 1996, is a master limited partnership. The Firm is engaged in natural gas operations, including natural gas midstream and intrastate transportation and storage through La Grange Acquisition, L.P. (ETC OLP), and interstate natural gas transportation and storage through Energy Transfer Interstate Holdings, LLC (ET Interstate) and Panhandle Eastern Pipe Line Company, LP (Panhandle); liquids operations, including natural gas liquids (NGL) transportation, storage and fractionation services primarily through Lone Star NGL LLC (Lone Star); product and crude oil operations, including product and crude oil transportation, terminalling services, and acquisition and marketing activities through Sunoco Logistics Partners L.P. (Sunoco Logistics) and retail marketing of gasoline and middle distillates through Sunoco, Inc. The Company’s divisions include Intrastate Transportation and Storage Segment; Interstate Transportation and Storage Segment; Midstream Segment; Liquids Transportation and Services Segment; Investment in Sunoco Logistics segment; Retail Marketing Segment, and All Other Segment.

More notable recent Energy Transfer Partners LP (NYSE:ETP) news were published by: Fool.com which released: “3 Things Investors Need to Know About the Energy Transfer Partners LP/Sunoco …” on November 23, 2016, also Fool.com with their article: “Energy Transfer Partners LP’s Key Bakken Pipeline Hits Another Roadblock” published on November 15, 2016, Wsj.com published: “¬∑Energy Transfer Equity, Energy Transfer Partners Post Weaker Results” on November 09, 2016. More interesting news about Energy Transfer Partners LP (NYSE:ETP) were released by: Seekingalpha.com and their article: “Energy Transfer Partners’ Results Drive Need For The SXL Merger” published on November 22, 2016 as well as Prnewswire.com‘s news article titled: “Harwood Feffer LLP Announces Investigation of Energy Transfer Partners, L.P.” with publication date: November 21, 2016.

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