Mizuho Securities Initiates Coverage on Energy Transfer Partners LP to Buy

Mizuho Securities Initiates Coverage on Energy Transfer Partners LP(NYSE:ETP). The shares have been rated Buy. The rating by Mizuho Securities was issued on Sep 30, 2016.

In a different note, Stephens & Co. said it Initiates Coverage on Energy Transfer Partners LP, according to a research note issued on Sep 29, 2016. The shares have been rated ‘Overweight’ by the firm. On Sep 26, 2016, Baird said it Upgrades its rating on Energy Transfer Partners LP. The shares have been rated ‘Outperform’ by the firm. 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.

Energy Transfer Partners LP (ETP) shares turned negative on Tuesdays trading session with the shares closing down -1 points or -2.72% at a volume of 33,33,547. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $36.88. The peak price level was also seen at $36.88 while the days lowest was $35.68. Finally the shares closed at $35.83. The 52-week high of the shares is $47.53 while the 52-week low is $18.62. According to the latest information available, the market cap of the company is $18,758 M.

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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