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How Will Energy Transfer (ETP) Stock React To Tudor Pickering’s Upgrade to “Buy” from “Hold”?

NewYork Energy Transfer ETP

Energy Transfer (ETP) Rating Upped

Tudor Pickering gave Energy Transfer (ETP) shares a new “Buy” rating in a report made public on Wednesday morning. This is raise from the previous “Hold” rating.

Despite the stock upgrade ETP is right now trading 0.00% lower at $0.00 as of 6:03 PM New York time. Energy Transfer’s stock is 0% in the last 200 days. It has underperformed the S&P500, which has gained 6.00% in the same time period.

According to data compiled by Thomson Reuters, Energy Transfer (ETP)’s stock is covered by 15 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $39.8, which reflects an upside potential of ∞% over the current price.

ETP Stock Chart

Institutional Ownership

Harvest Fund Advisors Llc had the biggest stake with ownership of 22.50M shares as of Q2 2015 for 8.85% of the fund’s portfolio. Kayne Anderson Capital Advisors Lp is another quite bullish active investment manager who is possessing 21.06M shares of Energy Transfer or 8.77% of their fund’s portfolio. Also, Whetstone Capital Advisors Llc have 7.2% of their fund’s portfolio invested in the company for 414,604 shares. The Colorado-based fund Alps Advisors Inc revealed it had bought so far a stake worth about 6.73% of the active investment manager’s stock portfolio in Energy Transfer. The Texas-based fund Cushing Asset Management Lp is also positive about the stock, possessing 22.30M shares or 6.01% of their fund’s portfolio.

Energy Transfer (ETP) closed at $0 yesterday. A total of shares of the company’s stock traded hands. This is down from average of shares. Energy Transfer has a 52 week low of $0.00 and a 52 week high of $0. The company has a market cap of $ and a P/E ratio of 0.

Get the latest Energy Transfer (ETP) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post How Will Energy Transfer (ETP) Stock React To Tudor Pickering’s Upgrade to “Buy” from “Hold”? appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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How Will Energy Transfer (ETP) Stock React To Tudor Pickering’s Upgrade to “Buy” from “Hold”?


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