Energy Transfer Partners Expected to Earn Q2 2018 Earnings of $0.22 Per Share (ETP)

Energy Transfer Partners (NYSE:ETP) – Investment analysts at US Capital Advisors boosted their Q2 2018 earnings per share (EPS) estimates for Energy Transfer Partners in a research report issued to clients and investors on Monday, May 14th. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will post earnings per share of $0.22 for the quarter, up from their prior estimate of $0.10. US Capital Advisors also issued estimates for Energy Transfer Partners’ Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.06 EPS and FY2019 earnings at $1.33 EPS.

Energy Transfer Partners (NYSE:ETP) last posted its quarterly earnings results on Wednesday, May 9th. The pipeline company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.11). The company had revenue of $8.28 billion during 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%. Energy Transfer Partners’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 EPS.

ETP has been the topic of several other research reports. Stifel Nicolaus set a $27.00 price target on Energy Transfer Partners and gave the company a “buy” rating in a report on Friday, February 23rd. ValuEngine cut Energy Transfer Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Bank of America dropped their price target on Energy Transfer Partners from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, March 27th. Robert W. Baird set a $22.00 price target on Energy Transfer Partners and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Zacks Investment Research cut Energy Transfer Partners from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. Energy Transfer Partners presently has an average rating of “Hold” and a consensus price target of $24.40.

NYSE ETP opened at $19.02 on Thursday. The firm has a market capitalization of $21.90 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 1.10 and a beta of 0.96. Energy Transfer Partners has a 1 year low of $18.76 and a 1 year high of $18.99. 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 also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Monday, May 7th were paid a dividend of $0.565 per share. This represents a $2.26 annualized dividend and a yield of 11.88%. The ex-dividend date was Friday, May 4th. Energy Transfer Partners’s dividend payout ratio (DPR) is currently 313.89%.

In other news, Director Michael K. Grimm bought 4,600 shares of the business’s stock in a transaction on Friday, March 16th. The shares were bought at an average cost of $17.06 per share, with a total value of $78,476.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Cerebellum GP LLC acquired a new position in shares of Energy Transfer Partners in the fourth quarter worth $127,000. Exane Derivatives increased its stake in shares of Energy Transfer Partners by 15,645.8% in the fourth quarter. Exane Derivatives now owns 7,558 shares of the pipeline company’s stock worth $135,000 after acquiring an additional 7,510 shares during the last quarter. SWS Partners acquired a new position in shares of Energy Transfer Partners in the fourth quarter worth $145,000. Captrust Financial Advisors acquired a new position in shares of Energy Transfer Partners in the fourth quarter worth $152,000. Finally, Smithfield Trust Co. increased its stake in shares of Energy Transfer Partners by 72.6% in the first quarter. Smithfield Trust Co. now owns 9,350 shares of the pipeline company’s stock worth $152,000 after acquiring an additional 3,934 shares during the last quarter. 63.92% of the stock is currently owned by institutional investors.

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.

Earnings History and Estimates for Energy Transfer Partners (NYSE:ETP)

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