A statement released earlier today by Mizuho Securities about Energy Transfer (NYSE:ETP) bumps the target price to $45.00
- Updated: September 29, 2016
Having a price of $37.36, Energy Transfer (NYSE:ETP) traded 0.39% higher on the day. With the last stock price close up 3.68% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. ETP has recorded a 50-day moving average of $39.39 and a 200-day moving average of $36.81. 676,411 shares of the stock were exchanged, down from an average trading volume of 3,111,200
Mizuho Securities raised the target price of Energy Transfer (NYSE:ETP) to $45.00 stating a potential upside of 0.20%.
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Energy Transfer has a 52 week low of $18.62 and a 52 week high of $47.53 ETP’s total market value is presently $0.
A total of 15 equity analysts have released a ratings update on ETP. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $39.80.
Brief Synopsis About Energy Transfer (NYSE:ETP)
Energy Transfer Partners, L.P. (ETP) is a master limited partnership. The Company is engaged in natural gas operations, including natural gas midstream and intrastate transportation and storage. Its segments include Intrastate Transportation and Storage Segment, which owns and operates approximately 7,500 miles of natural gas transportation pipelines; Interstate Transportation and Storage Segment, which owns and operates approximately 12,300 miles of interstate natural gas pipeline; Midstream Segment, which owns and operates approximately 35,000 miles of in service natural gas; Liquids Transportation and Services Segment, which owns interest in Lone Star NGL LLC (Lone Star), which owns approximately 2,000 miles of natural gas liquids (NGL) pipelines; Investment in Sunoco Logistics segment, which owns and operates a logistics business; Retail Marketing Segment, which is conducted through its subsidiary, Sunoco, Inc., and All Other Segment.
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