Deutsche Bank Maintains Energy Transfer Partners (ETP) to Buy with Price

(-) CWEI, Downgrade to Sell from Neutral at ROTH Capital, which also raised its price target for the stock by $4 to $40 a share. Wells Fargo upgraded Sunoco Logistics Partners L.P. from a “market perform” rating to an “outperform” rating in a research note on Friday, August 7th. As a result, Zacks offers an analyst brokerage rating (ABR) which simplifies the recommendations into a 1 to 5 sliding scale where one represents a Strong Buy and 5 indicates a Strong Sell. Institutional Investors own 49.27% of Sunoco LP shares. 927,289 shares of the company’s stock were exchanged. Now the projections range from $34 to $55 with the average sitting at $41.9. The current year EPS estimate on the stock is 1.25 and the EPS estimate for next year sits at 1.49.

The technical numbers for Energy Transfer Partners, L.P. are as follows: It has a simple moving average 50 of -4.52%, a 52 week high of -35.79%, and a 52 week low of 14.97%. The company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 13th. Investors of record on Thursday, November 5th will be issued a dividend of $1.055 per share. The ex-dividend date of this dividend is Tuesday, November 3rd. MarkWest Energy Partners, LP (NYSE:MWE) now has an ABR 2.21. The daily volume was measured at 3,183,291 shares.

The approximately $2.226 billion transaction will be effective as of January 1, 2016, and is expected to close in February 2016, according to the company. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In comparing the stock’s current level to its extended history, the stock is trading -47.91% away from its 52-week high of 52.47 and +7.43% away from the stock’s low point over the past 52 weeks, which was 25.44. The firm’s market cap is $7.60 billion. The disclosure for this purchase can be found here.

Energy Transfer Partners, primarily an operator of natural gas pipelines and processing units, will shift to an affiliate the balance of marketing businesses acquired in its $6.8 billion acquisition of Sunoco in 2012. The Organization ‘s operating segments include Intrastate Transfer and Storage segment; Interstate Transportation and Storage section; Midstream segment; Liquids Transfer and Services segment; Investment in Sunoco Logistics segment; Retail Advertising section and Other section.

Energy Transfer Partners, L.P. (ETP) is a limited partnership in the United States engaged in natural gas operations.