Could Energy Transfer Partners, L.P. (ETP) Decrease Even More? The Stock Formed Bearish Wedge Down Chart Pattern

December 7, 2017 - By Marguerite Chambers

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.
Bush Odonnell Inv Advsr has invested 0.4% of its portfolio in Energy Transfer Partners, L.P. (NYSE:ETP). The Pennsylvania-based Riggs Asset Managment Com has invested 0.01% in Energy Transfer Partners, L.P. (NYSE:ETP). Summit Equities Incorporated holds 0.19% or 45,187 shares. Pinnacle Ltd Liability Corp, Oklahoma-based fund reported 6,759 shares. Winslow Evans Crocker invested in 0% or 5,200 shares. Essex Finance Ser reported 0.23% in Energy Transfer Partners, L.P. (NYSE:ETP). Ntv Asset holds 0.07% or 12,000 shares in its portfolio. Novare Capital Llc holds 282,049 shares. Tortoise Cap Advisors has 43.34 million shares for 5.73% of their portfolio. Pennsylvania-based Vantage Inv Advisors Ltd has invested 0% in Energy Transfer Partners, L.P. (NYSE:ETP). Moreover, Camelot Portfolios Ltd Liability Company has 0.23% invested in Energy Transfer Partners, L.P. (NYSE:ETP). 439,096 were accumulated by Hite Hedge Asset Mgmt Limited Liability Corporation. Adams Asset Advisors Ltd Llc has 0.97% invested in Energy Transfer Partners, L.P. (NYSE:ETP) for 323,993 shares. Walnut Private Equity Prtnrs Ltd Liability Co invested 3.49% of its portfolio in Energy Transfer Partners, L.P. (NYSE:ETP). 10,676 were accumulated by Wagner Bowman Management Corp.

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 EPS, 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 EPS 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 stock has “Buy” rating by RBC Capital Markets on Friday, September 8. The firm has “Neutral” rating given on Thursday, February 25 by Bank of America. Robert W. Baird maintained the shares of ETP in report on Tuesday, August 22 with “Buy” rating. The rating was downgraded by Stifel Nicolaus on Tuesday, November 22 to “Hold”. The stock of Energy Transfer Partners, L.P. (NYSE:ETP) earned “Buy” rating by Zacks on Monday, August 10. Stifel Nicolaus maintained it with “Buy” rating and $32 target in Friday, February 26 report. Mizuho initiated Energy Transfer Partners, L.P. (NYSE:ETP) on Friday, September 30 with “Buy” rating. The company was maintained on Monday, May 15 by Wolfe Research. The firm has “Hold” rating given on Thursday, October 12 by BMO Capital Markets. Bernstein downgraded Energy Transfer Partners, L.P. (NYSE:ETP) on Monday, January 9 to “Mkt Perform” rating.

More notable recent Energy Transfer Partners, L.P. (NYSE:ETP) news were published by: Businesswire.com which released: “Energy Transfer Partners Reports Third Quarter Results” on November 07, 2017, also Seekingalpha.com with their article: “Energy Transfer Partners: A Turnaround Play For Risk Takers” published on November 20, 2017, Seekingalpha.com published: “Energy Transfer: The Incredible Shrinking MLP” on November 29, 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 Realmoney.Thestreet.com‘s news article titled: “Energy Transfer Partners Needs to Retest Its Recent Low” with publication date: December 01, 2017.

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