Revenue Update on Energy Transfer Partners LP(NYSE:ETP)

Energy Transfer Partners LP(NYSE:ETP) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $6.526B. Analysts estimated a revenue of $6.480B. The revenues were 0.71% above the estimates. Earnings per share were $-0.06. The reported EPS was below estimates by -121.43%. Analysts had estimated an EPS of $0.28.

Energy Transfer Partners LP (ETP) shares turned negative on Wednesdays trading session with the shares closing down -0.76 points or -1.96% at a volume of 19,68,806. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $38.87. The peak price level was also seen at $38.87 while the days lowest was $38.03. Finally the shares closed at $38.03. The 52-week high of the shares is $43.5 while the 52-week low is $24.37. According to the latest information available, the market cap of the company is $27,723 M.

Several Insider Transactions has been reported to the SEC. On Jan 12, 2017, David K Skidmore (director) purchased 3,129 shares at $36.04 per share price.Also, On Dec 6, 2016, Kelcy L Warren (Chief Executive Officer) purchased 70 shares at $34.48 per share price.On Sep 21, 2015, Michael K Grimm (director) purchased 1,325 shares at $45.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Energy Transfer Partners L.P. is a master limited partnership. The Company’s operating segments 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. It is engaged in natural gas operations including natural gas midstream and intrastate transportation and storage and interstate natural gas transportation and storage; Liquids operations including NGL transportation storage and fractionation services; product and crude oil operations including product and crude oil transportation terminalling services and acquisition and marketing activities and retail marketing of gasoline and middle distillates. It is managed by its general partner Energy Transfer Partners GP L.P. Its brands include Sunoco Stripes Aplus Aloha Island Mart Exxon Valero Mobil Shell and Chevron among others.

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