$8.07 Billion in Sales Expected for Energy Transfer Partners LP (ETP) This Quarter

Wall Street analysts expect Energy Transfer Partners LP (NYSE:ETP) to report sales of $8.07 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Energy Transfer Partners’ earnings. The highest sales estimate is $9.09 billion and the lowest is $7.29 billion. Energy Transfer Partners posted sales of $2.92 billion during the same quarter last year, which would indicate a positive year over year growth rate of 176.4%. The firm is expected to announce its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Energy Transfer Partners will report full year sales of $8.07 billion for the current year, with estimates ranging from $27.64 billion to $29.58 billion. For the next financial year, analysts forecast that the business will report sales of $32.33 billion per share, with estimates ranging from $29.49 billion to $35.64 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Energy Transfer Partners.

Energy Transfer Partners (NYSE:ETP) last posted its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. Energy Transfer Partners had a return on equity of 5.88% and a net margin of 4.97%. The business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the prior year, the business earned ($0.49) EPS. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis.

A number of research analysts recently weighed in on the company. Bank of America assumed coverage on Energy Transfer Partners in a research note on Tuesday. They set a “buy” rating on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $23.00 price target on shares of Energy Transfer Partners in a research note on Wednesday, October 18th. Robert W. Baird reaffirmed a “buy” rating and set a $29.00 price target on shares of Energy Transfer Partners in a research note on Tuesday, September 26th. US Capital Advisors downgraded Energy Transfer Partners from an “overweight” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Credit Suisse Group started coverage on Energy Transfer Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $25.86.

Energy Transfer Partners (NYSE:ETP) opened at $20.01 on Friday. Energy Transfer Partners has a 52 week low of $15.25 and a 52 week high of $26.73. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.61 and a current ratio of 0.84. The firm has a market capitalization of $23,120.00, a P/E ratio of 33.35 and a beta of 1.00.

Hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in shares of Energy Transfer Partners by 50.0% in the second quarter. Toronto Dominion Bank now owns 8,250 shares of the pipeline company’s stock valued at $168,000 after acquiring an additional 2,750 shares in the last quarter. B. Riley Financial Inc. bought a new position in shares of Energy Transfer Partners in the third quarter valued at approximately $185,000. TD Asset Management Inc. bought a new position in shares of Energy Transfer Partners in the third quarter valued at approximately $187,000. Yellowstone Partners LLC bought a new position in shares of Energy Transfer Partners in the third quarter valued at approximately $189,000. Finally, Belpointe Asset Management LLC bought a new position in shares of Energy Transfer Partners in the third quarter valued at approximately $191,000. 62.16% of the stock is owned by institutional investors.

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About Energy Transfer Partners

Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.

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