Rating Coverage: Is It Finally Time To Sell? BMO Capital Markets Downgrades Energy Transfer (NYSE:ETP), Has $39 Target

November 25, 2016 - By Peter Kolinski

Rating Coverage:  Is It Finally Time To Sell? BMO Capital Markets Downgrades Energy Transfer (NYSE:ETP), Has $39 Target

Energy Transfer (NYSE:ETP) Downgrade

New York-listed Energy Transfer (NYSE:ETP), was downgraded by investment analysts at BMO Capital Markets. BMO Capital Markets downgraded its rating on the $19.36B market cap company to a Market Perform from a previous Outperform, but maintained its TP of $39 on ETP shares.

Energy Transfer Partners LP (NYSE:ETP) Ratings Coverage

Out of 17 analysts covering Energy Transfer Partners (NYSE:ETP), 12 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 71% are positive. $68 is the highest target while $25 is the lowest. The $48.33 average target is 37.97% above today’s ($35.03) stock price. Energy Transfer Partners has been the topic of 33 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Energy Transfer Partners LP (NYSE:ETP) on Friday, August 5 with “Overweight” rating. The firm has “Overweight” rating given on Thursday, September 29 by Stephens. Bank of America downgraded the shares of ETP in a report on Thursday, February 25 to “Neutral” rating. On Monday, February 8 the stock rating was downgraded by Robert W. Baird to “Neutral”. The company was downgraded on Tuesday, November 22 by Stifel Nicolaus. The stock has “Perform” rating given by Oppenheimer on Friday, January 22. The stock of Energy Transfer Partners LP (NYSE:ETP) has “Outperform” rating given on Tuesday, November 8 by Bernstein. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, May 31. The stock has “Buy” rating given by Mizuho on Friday, September 30. The firm has “Buy” rating by Deutsche Bank given on Wednesday, November 18.

About 721,350 shares traded hands. Energy Transfer Partners LP (NYSE:ETP) has declined 1.24% since April 22, 2016 and is downtrending. It has underperformed by 6.65% the S&P500.

Analysts await Energy Transfer Partners LP (NYSE:ETP) to report earnings on February, 22. They expect $0.26 EPS, up 1,200.00% or $0.24 from last year’s $0.02 per share. ETP’s profit will be $143.69 million for 33.68 P/E if the $0.26 EPS becomes a reality. After $0.14 actual EPS reported by Energy Transfer Partners LP for the previous quarter, Wall Street now forecasts 85.71% EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.34 in Q2 2016. Its up 0.34, from 1 in 2016Q1. The ratio increased, 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.

First Republic Management Incorporated owns 42,796 shares or 0.02% of their US portfolio. The Georgia-based Suntrust Banks Inc has invested 0.01% in Energy Transfer Partners LP (NYSE:ETP). Weiss Multi has invested 0.62% of its portfolio in Energy Transfer Partners LP (NYSE:ETP). Intersect Lc has 33,787 shares for 0.77% of their US portfolio. Us Bank De holds 149,846 shares or 0.02% of its portfolio. Advisory Services, a Massachusetts-based fund reported 30,337 shares. Virtu Financial Limited Liability Co holds 0.76% of its portfolio in Energy Transfer Partners LP (NYSE:ETP) for 149,320 shares. The Massachusetts-based Fernwood Investment Mgmt Limited Liability Com has invested 0.28% in Energy Transfer Partners LP (NYSE:ETP). Blackhill Inc last reported 0.26% of its portfolio in the stock. Cordasco Financial Network holds 0% or 106 shares in its portfolio. Hodges Mgmt reported 13,745 shares or 0.03% of all its holdings. Jefferies Group Incorporated Ltd Liability Corporation reported 39,725 shares or 0.01% of all its holdings. First Interstate Retail Bank accumulated 4,359 shares or 0.03% of the stock. Oppenheimer Incorporated holds 46,909 shares or 0.05% of its portfolio. Ent Financial Service owns 2,517 shares or 0.06% of their US portfolio.

Energy Transfer Partners, L.P. is a master limited partnership. The company has a market cap of $19.36 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: Forbes.com which released: “Is There Value In Sunoco Logistics’ Merger With Energy Transfer Partners?” on November 21, 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 Reuters.com‘s news article titled: “Energy Transfer says not slowing construction of North Dakota pipeline” with publication date: November 08, 2016.

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