Brokerages forecast that Energy Transfer Partners LP (NYSE:ETP) will report $0.18 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Energy Transfer Partners’ earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at $0.30. Energy Transfer Partners reported earnings of ($0.04) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 550%. The business is expected to issue its next earnings report on Tuesday, August 14th.
On average, analysts expect that Energy Transfer Partners will report full year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $1.43. For the next year, analysts expect that the company will post earnings of $1.32 per share, with EPS estimates ranging from $1.02 to $1.74. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Energy Transfer Partners.
Get Energy Transfer Partners alerts:Energy Transfer Partners (NYSE:ETP) last posted its quarterly earnings results on Wednesday, May 9th. The pipeline company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.11). The firm had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.84 billion. Energy Transfer Partners had a net margin of 8.24% and a return on equity of 7.22%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 earnings per share.
A number of research analysts have issued reports on ETP shares. Mizuho reissued a “buy” rating on shares of Energy Transfer Partners in a research report on Monday, March 19th. Robert W. Baird set a $21.00 price objective on shares of Energy Transfer Partners and gave the company a “buy” rating in a research report on Friday, April 6th. ValuEngine raised shares of Energy Transfer Partners from a “strong sell” rating to a “sell” rating in a research report on Friday, June 15th. Finally, Bank of America reduced their price objective on shares of Energy Transfer Partners from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Tuesday, March 27th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Energy Transfer Partners currently has an average rating of “Hold” and a consensus target price of $23.77.
Several large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP grew its position in Energy Transfer Partners by 14.2% during the 4th quarter. First Trust Advisors LP now owns 511,719 shares of the pipeline company’s stock valued at $9,170,000 after purchasing an additional 63,620 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Energy Transfer Partners during the 4th quarter valued at about $823,000. Haverford Trust Co. grew its position in Energy Transfer Partners by 8.4% during the 4th quarter. Haverford Trust Co. now owns 58,488 shares of the pipeline company’s stock valued at $1,048,000 after purchasing an additional 4,519 shares during the last quarter. Edge Advisors LLC grew its position in Energy Transfer Partners by 19.5% during the 4th quarter. Edge Advisors LLC now owns 173,502 shares of the pipeline company’s stock valued at $3,109,000 after purchasing an additional 28,369 shares during the last quarter. Finally, Koch Industries Inc. purchased a new stake in Energy Transfer Partners during the 4th quarter valued at about $488,000. 62.48% of the stock is currently owned by hedge funds and other institutional investors.
Energy Transfer Partners stock traded up $0.13 during mid-day trading on Friday, reaching $19.19. 115,519 shares of the company traded hands, compared to its average volume of 3,866,193. The company has a current ratio of 0.92, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02. The company has a market cap of $22.25 billion, a P/E ratio of 26.47, a PEG ratio of 1.28 and a beta of 1.03. Energy Transfer Partners has a 52-week low of $15.06 and a 52-week high of $21.68.
Energy Transfer Partners Company Profile
Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. The company's Intrastate Transportation and Storage segment transports natural gas from various natural gas producing areas through connections with other pipeline systems, as well as through its ET Fuel System and HPL System.
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