Zacks’ analyst wrote, “Energy Transfer Partners remains a premier MLP with strategically-positioned assets that serve major North American natural gas-producing basins. We like the partnership’s robust organic growth profile, stable fee-based operating income and strong liquidity position. While the partnership kept its distribution unchanged, we expect growth to resume shortly, driven by the completion of a broad array of organic growth projects. Additionally, the proposed acquisition of Sunoco will help ETP to diversify and recalibrate its pipeline assets. However, we believe that the near- to medium-term outlook for the partnership’s natural gas gathering and processing business continues to be weak, which remains a major liability, in our view. As such, we rate Energy Transfer units as Neutral.”
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs (NYSE: GS) initiated coverage on shares of Energy Transfer in a research note to investors on Wednesday, April 18th. They set a “neutral” rating on the stock. Analysts at Global Hunter Securities initiated coverage on shares of Energy Transfer in a research note to investors on Tuesday, April 17th. They set a “neutral” rating and a $45.00 price target on the stock.
Shares of Energy Transfer traded down 2.24% during mid-day trading on Wednesday, hitting $43.74. Energy Transfer has a one year low of $38.08 and a one year high of $51.00. The company has a market cap of $10.041 billion and a P/E ratio of 8.96.
Energy Transfer last issued its quarterly earnings data on Tuesday, May 8th. The company reported $4.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $3.85. The company’s revenue for the quarter was down 22.6% on a year-over-year basis. On average, analysts predict that Energy Transfer will post $0.43 earnings per share next quarter.
Energy Transfer Partners, L.P. (ETP) is a limited partnership based in the United States engaged in natural gas operations.