Upgrade Alert for Energy Transfer Partners (ETP)
Energy Transfer Partners (NYSE:ETP) was upgraded from Hold to Buy at Stifel today. The stock closed yesterday at $41.74 on volume of 6.6 million shares, above average daily volume of 4.1 million.
In the past 52 weeks, shares of Energy Transfer Partners have traded between a low of $18.62 and a high of $59.09 and closed yesterday at $41.74, which is 124% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 1.1%.
Energy Transfer Partners, L.P. owns and operates a diversified portfolio of energy assets. The Company's operations include natural gas gathering and transportation pipelines, with natural gas treating and processing assets located in Texas, Oklahoma, and Louisiana. Energy Transfer markets propane from retail locations in various states across the United States.
Energy Transfer Partners has overhead space with shares priced $41.74, or 29.7% below the average consensus analyst price target of $59.38. Energy Transfer Partners shares have support at the 200-day moving average (MA) of $37.10 and additional support at the 50-day MA of $31.18.
SmarTrend recommended that subscribers consider buying shares of Energy Transfer Partners on March 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.08. Since that recommendation, shares of Energy Transfer Partners have risen 41.4%. We continue to monitor ETP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades energy transfer partners