Energy Transfer Partners LP (ETP) CFO Thomas E. Long Acquires 10,000 Shares
Energy Transfer Partners LP (NYSE:ETP) CFO Thomas E. Long purchased 10,000 shares of the stock in a transaction on Friday, September 14th. The stock was acquired at an average price of $22.33 per share, with a total value of $223,300.00. Following the completion of the acquisition, the chief financial officer now directly owns 174,625 shares of the company’s stock, valued at $3,899,376.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
ETP stock opened at $22.05 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.99 and a debt-to-equity ratio of 1.05. The stock has a market cap of $26.50 billion, a PE ratio of 30.63, a PEG ratio of 1.68 and a beta of 1.28. Energy Transfer Partners LP has a fifty-two week low of $15.06 and a fifty-two week high of $24.38.
Several equities research analysts have issued reports on the company. ValuEngine upgraded Energy Transfer Partners from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. UBS Group increased their price target on Energy Transfer Partners from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Wolfe Research upgraded Energy Transfer Partners from a “market perform” rating to an “outperform” rating in a report on Friday, August 3rd. US Capital Advisors upgraded Energy Transfer Partners from a “hold” rating to an “overweight” rating and set a $26.00 price target for the company in a report on Friday, August 24th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $27.00 price target (up from $24.00) on shares of Energy Transfer Partners in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.00.
About Energy Transfer Partners
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.
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