Energy Transfer Partners LP (NYSE:ETP) has been downgraded to Market Perform in a statement by BMO Capital Markets earlier today.
- Updated: November 25, 2016
Having a price of $35.19, Energy Transfer Partners LP (NYSE:ETP) traded -1.40% lower on the day. With the last close down -6.79% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same time. The company has recorded a 50-day moving average of $36.11 and a 200-day moving average of $37.92. 1,169,256 shares of the stock were exchanged, down from an average trading volume of 3,380,430
BMO Capital Markets has downgraded Energy Transfer Partners LP (NYSE:ETP) to Market Perform in a statement released on 11/23/2016.
On Tuesday November 22, 2016, Stifel released a statement on Energy Transfer Partners LP (NYSE:ETP) dropped the target price from $48.00 to $37.00 that suggested an upside of 0.01%.
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Energy Transfer Partners LP has a 52 week low of $18.62 and a 52 week high of $43.50 The company’s market cap is currently $0.
In addition to BMO Capital Markets reporting its target price, a total of 15 firms have reported on the stock. The consensus target price is $39.80 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Energy Transfer Partners LP (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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