Stock analysts at Barclays increased their price target on shares of Energy Transfer (NYSE:ETP) to $59.00 in a report issued on Friday, Analyst Ratings Network reports. Barclays’ price objective points to a potential upside of 10.20% from the company’s current price.
A number of other firms have also recently commented on ETP. Analysts at Raymond James raised their price target on shares of Energy Transfer from $72.00 to $83.00 in a research note to investors on Friday. Separately, analysts at Deutsche Bank raised their price target on shares of Energy Transfer from $60.00 to $62.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Energy Transfer from $53.00 to $59.00 in a research note to investors on Friday, November 8th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $58.44.
Shares of Energy Transfer (NYSE:ETP) traded up 1.53% on Friday, hitting $54.36. The stock had a trading volume of 430,185 shares. Energy Transfer has a 52 week low of $42.00 and a 52 week high of $54.85. The stock’s 50-day moving average is $52.6 and its 200-day moving average is $51.31. The company has a market cap of $17.947 billion and a P/E ratio of 23.71.
Energy Transfer (NYSE:ETP) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.07. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.93 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 560.5% on a year-over-year basis. On average, analysts predict that Energy Transfer will post $2.14 earnings per share for the current fiscal year.
Energy Transfer Partners, L.P. (NYSE:ETP) is a limited partnership based in the United States engaged in natural gas operations.
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