Energy Transfer Partners, L.P. (ETP) Forms Bearish Wedge Down; Strong Momentum for Sellers

December 7, 2017 - By Clifton Ray

Investors sentiment decreased to 0.07 in 2017 Q2. Its down 0.98, from 1.05 in 2017Q1. It dropped, as 340 investors sold Energy Transfer Partners, L.P. shares while 5 reduced holdings. 1 funds opened positions while 24 raised stakes. 54.16 million shares or 82.68% less from 312.78 million shares in 2017Q1 were reported.
Tortoise Capital Advsr Lc reported 43.34 million shares. Ntv Asset Mngmt Ltd Liability Corporation owns 12,000 shares. Focused Wealth Mgmt Inc holds 1,831 shares. Investment Ltd Liability reported 129,690 shares or 0.19% of all its holdings. Summit Equities holds 45,187 shares or 0.19% of its portfolio. America First Investment Advsr Lc stated it has 0.01% in Energy Transfer Partners, L.P. (NYSE:ETP). Hite Hedge Asset Lc invested 3% in Energy Transfer Partners, L.P. (NYSE:ETP). Walnut Private Equity Prtnrs Limited Liability Co stated it has 212,622 shares. Cullinan invested in 0.03% or 16,836 shares. Amer Research, a Massachusetts-based fund reported 11,440 shares. Riggs Asset Managment Co reported 1,238 shares. Grassi Inv Mgmt holds 0.63% of its portfolio in Energy Transfer Partners, L.P. (NYSE:ETP) for 175,788 shares. 22,433 were accumulated by Camelot Portfolios Lc. Bush Odonnell Inv holds 0.4% of its portfolio in Energy Transfer Partners, L.P. (NYSE:ETP) for 31,894 shares. Winslow Evans Crocker accumulated 5,200 shares.

The stock of Energy Transfer Partners, L.P. (ETP) formed a down wedge with $16.12 target or 3.00 % below today’s $16.62 share price. The 5 months wedge indicates high risk for the $19.20B company. If the $16.12 price target is reached, the company will be worth $576.12M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 1.71% or $0.28 during the last trading session, reaching $16.62. About 5.33 million shares traded. Energy Transfer Partners, L.P. (NYSE:ETP) has declined 20.28% since December 8, 2016 and is downtrending. It has underperformed by 36.98% the S&P500.

Analysts await Energy Transfer Partners, L.P. (NYSE:ETP) to report earnings on February, 28. They expect $0.30 earnings per share, up 3.45 % or $0.01 from last year’s $0.29 per share. ETP’s profit will be $346.64 million for 13.85 P/E if the $0.30 EPS becomes a reality. After $0.33 actual earnings per share reported by Energy Transfer Partners, L.P. for the previous quarter, Wall Street now forecasts -9.09 % negative EPS growth.

Energy Transfer Partners, L.P. (NYSE:ETP) Ratings Coverage

Among 20 analysts covering Energy Transfer Partners (NYSE:ETP), 14 have Buy rating, 0 Sell and 6 Hold. Therefore 70% are positive. Energy Transfer Partners had 61 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, October 17 by Goldman Sachs. The firm earned “Neutral” rating on Thursday, February 25 by Bank of America. As per Monday, August 10, the company rating was downgraded by Zacks. The stock of Energy Transfer Partners, L.P. (NYSE:ETP) has “Buy” rating given on Friday, December 18 by Jefferies. BMO Capital Markets maintained the stock with “Hold” rating in Friday, August 18 report. The stock of Energy Transfer Partners, L.P. (NYSE:ETP) earned “Buy” rating by Robert W. Baird on Tuesday, September 26. The stock of Energy Transfer Partners, L.P. (NYSE:ETP) earned “Outperform” rating by Bernstein on Wednesday, May 10. The firm earned “Buy” rating on Friday, November 17 by Robert W. Baird. The stock of Energy Transfer Partners, L.P. (NYSE:ETP) has “Buy” rating given on Thursday, July 13 by Stifel Nicolaus. The firm has “Outperform” rating by Bernstein given on Tuesday, November 8.

More notable recent Energy Transfer Partners, L.P. (NYSE:ETP) news were published by: Seekingalpha.com which released: “Energy Transfer Partners – Strong Assets Grapple Financial Concerns” on November 22, 2017, also Seekingalpha.com with their article: “Energy Transfer Partners: A Turnaround Play For Risk Takers” published on November 20, 2017, Businesswire.com published: “Energy Transfer Partners Reports Third Quarter Results” on November 07, 2017. More interesting news about Energy Transfer Partners, L.P. (NYSE:ETP) were released by: Fool.com and their article: “4 Things Energy Transfer Partners LP Wants You to Know About its Plans” published on November 21, 2017 as well as Businesswire.com‘s news article titled: “Energy Transfer Partners, LP Announces Pricing of Series A and Series B …” with publication date: November 14, 2017.

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