Aggressive’ Bearish Options Activity Seen in Energy Transfer Partners LP

 Aggressive' Bearish Options Activity Seen in Energy Transfer Partners LP

In today’s session Energy Transfer Partners LP (ETP) recorded an unusually high (210) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious ETP decrease. With 210 contracts traded and 40314 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: ETP161216P00034000 closed last at: $0.75 or 25% up. About 869,363 shares traded hands. Energy Transfer Partners LP (NYSE:ETP) has declined 1.83% since April 26, 2016 and is downtrending. It has underperformed by 7.09% the S&P500.

Analysts await Energy Transfer Partners LP (NYSE:ETP) to report earnings on February, 22. They expect $0.26 earnings per share, up 1,200.00% or $0.24 from last year’s $0.02 per share. ETP’s profit will be $135.24 million for 31.94 P/E if the $0.26 EPS becomes a reality. After $0.14 actual earnings per share reported by Energy Transfer Partners LP for the previous quarter, Wall Street now forecasts 85.71% EPS growth.

Energy Transfer Partners LP (NYSE:ETP) Ratings Coverage

Out of 17 analysts covering Energy Transfer Partners (NYSE:ETP), 12 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 71% are positive. Energy Transfer Partners has been the topic of 34 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was downgraded by BMO Capital Markets on Wednesday, November 23 to “Market Perform”. On Monday, August 15 the stock rating was reinitiated by Morgan Stanley with “Equal-Weight”. On Tuesday, November 22 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The stock of Energy Transfer Partners LP (NYSE:ETP) earned “Hold” rating by Stifel Nicolaus on Monday, April 4. On Tuesday, March 22 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Buy” rating on Monday, May 23 by Goldman Sachs. The firm has “Overweight” rating by Barclays Capital given on Friday, August 5. Goldman Sachs maintained it with “Neutral” rating and $33 target price in Thursday, May 12 report. The firm earned “Market Perform” rating on Wednesday, May 11 by Bernstein. The rating was downgraded by Bank of America on Thursday, February 25 to “Neutral”.

According to Zacks Investment Research, “Energy Transfer Partners, L.P. is a publicly traded partnership owning and operating a diversified portfolio of energy assets. The Partnership’s natural gas operations includes miles of natural gas gathering and transportation pipelines, natural gas treating and processing assets located in Texas and Louisiana, and three natural gas storage facilities located in Texas.”

Insitutional Activity: The institutional sentiment increased to 1.34 in Q2 2016. Its up 0.34, from 1 in 2016Q1. The ratio improved, as 48 funds sold all Energy Transfer Partners LP shares owned while 135 reduced positions. 40 funds bought stakes while 143 increased positions. They now own 256.39 million shares or 8.74% less from 280.94 million shares in 2016Q1.
Tiaa Cref Com Fsb Mo holds 0% or 13,030 shares in its portfolio. Keybank National Association Oh accumulated 0.01% or 52,341 shares. Mitchell Mcleod Pugh And Williams Incorporated last reported 0.5% of its portfolio in the stock. Diversified Trust Communication last reported 55,543 shares in the company. Hallmark Mgmt Incorporated accumulated 1,325 shares or 0.01% of the stock. Moreover, Summit Wealth Advsr Ltd Limited Liability Company has 0.26% invested in Energy Transfer Partners LP (NYSE:ETP) for 16,059 shares. Gsa Prtnrs Llp last reported 8,919 shares in the company. Walleye Trading Ltd accumulated 0% or 4,759 shares. Pentwater Capital Management Lp owns 400,000 shares or 0.2% of their US portfolio. Raymond James & Assoc has 0.04% invested in the company for 341,891 shares. House Limited Com, a California-based fund reported 29,395 shares. Wesbanco National Bank & Trust Inc has invested 0.01% of its portfolio in Energy Transfer Partners LP (NYSE:ETP). The Florida-based Provise Mngmt Limited Company has invested 0.1% in Energy Transfer Partners LP (NYSE:ETP). Hm Payson accumulated 0.01% or 6,374 shares. Capital Advisors Ltd Llc accumulated 64,550 shares or 0.23% of the stock.

Energy Transfer Partners, L.P. is a master limited partnership. The company has a market cap of $17.28 billion. The Firm is engaged in natural gas operations, including natural gas midstream and intrastate transportation and storage. It currently has negative earnings.

ETP Company Profile

Energy Transfer Partners, L.P. (ETP), incorporated on April 17, 1996, is a master limited partnership. The Firm is engaged in natural gas operations, including natural gas midstream and intrastate transportation and storage through La Grange Acquisition, L.P. (ETC OLP), and interstate natural gas transportation and storage through Energy Transfer Interstate Holdings, LLC (ET Interstate) and Panhandle Eastern Pipe Line Company, LP (Panhandle); liquids operations, including natural gas liquids (NGL) transportation, storage and fractionation services primarily through Lone Star NGL LLC (Lone Star); product and crude oil operations, including product and crude oil transportation, terminalling services, and acquisition and marketing activities through Sunoco Logistics Partners L.P. (Sunoco Logistics) and retail marketing of gasoline and middle distillates through Sunoco, Inc. The Company’s divisions include Intrastate Transportation and Storage Segment; Interstate Transportation and Storage Segment; Midstream Segment; Liquids Transportation and Services Segment; Investment in Sunoco Logistics segment; Retail Marketing Segment, and All Other Segment.

More notable recent Energy Transfer Partners LP (NYSE:ETP) news were published by: Forbes.com which released: “Is There Value In Sunoco Logistics’ Merger With Energy Transfer Partners?” on November 21, 2016, also Fool.com with their article: “Energy Transfer Partners LP’s Key Bakken Pipeline Hits Another Roadblock” published on November 15, 2016, Wsj.com published: “·Energy Transfer Equity, Energy Transfer Partners Post Weaker Results” on November 09, 2016. More interesting news about Energy Transfer Partners LP (NYSE:ETP) were released by: Reuters.com and their article: “Energy Transfer says not slowing construction of North Dakota pipeline” published on November 08, 2016 as well as Forbes.com‘s news article titled: “Ex-Div Reminder for Energy Transfer Partners (ETP)” with publication date: November 01, 2016.

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