Baird Upgrades Energy Transfer Partners LP to Outperform

Brokerage firm Baird Upgrades its rating on Energy Transfer Partners LP(NYSE:ETP). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Baird was issued on Sep 26, 2016.

In a different note, On Aug 15, 2016, Morgan Stanley said it Assumes its rating on Energy Transfer Partners LP. The shares have been rated ‘Equal-weight’ by the firm. On Aug 5, 2016, Stifel Nicolaus said it Upgrades its rating on Energy Transfer Partners LP. The shares have been rated ‘Buy’ by the firm. On Aug 5, 2016, Barclays said it Maintains its rating on Energy Transfer Partners LP. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 25, 2016, Jefferies said it Maintains its rating on Energy Transfer Partners LP. In the research note, the firm Raises the price-target to $46.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Deutsche Bank said it Maintains its rating on Energy Transfer Partners LP. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Buy’ by the firm.

Energy Transfer Partners LP (ETP) made into the market gainers list on Thursdays trading session with the shares advancing 0.66% or 0.25 points. Due to strong positive momentum, the stock ended at $38.29, which is also near the day’s high of $38.4899. The stock began the session at $38.46 and the volume stood at 19,54,535 shares. The 52-week high of the shares is $47.53 and the 52 week low is $18.62. The company has a current market capitalization of $20,046 M and it has 52,35,19,260 shares in outstanding.

Energy Transfer Partners LP(ETP) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.29B. Analysts had an estimated revenue of $5.71B. Earnings per share were $0.10. Analysts had estimated an EPS of $0.12.

Several Insider Transactions has been reported to the SEC. On Mar 18, 2016, David K Skidmore (director) purchased 3,000 shares at $28.54 per share price.Also, On Dec 8, 2015, Kelcy L Warren (Chief Executive Officer) purchased 50 shares at $30.37 per share price.On Sep 21, 2015, Michael K Grimm (director) purchased 1,325 shares at $45.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Energy Transfer Partners L.P. is a master limited partnership. The Company’s operating segments 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. It is engaged in natural gas operations including natural gas midstream and intrastate transportation and storage and interstate natural gas transportation and storage; Liquids operations including NGL transportation storage and fractionation services; product and crude oil operations including product and crude oil transportation terminalling services and acquisition and marketing activities and retail marketing of gasoline and middle distillates. It is managed by its general partner Energy Transfer Partners GP L.P. Its brands include Sunoco Stripes Aplus Aloha Island Mart Exxon Valero Mobil Shell and Chevron among others.

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