UBS on Energy Transfer (ETP)(ETE): Near-Term Concerns Cloudy Bullish Long-Term Outlook
Tweet Send to a FriendGet Alerts ETP Hot Sheet
Price: $50.36 +1.17%
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade ETP Now!
UBS on Energy Transfer (NYSE: ETP) (NYSE: ETE): Near-Term Concerns Cloudy Bullish Long-Term Outlook
UBS analyst, Ronald J. Barone, said, "ETE: A Major Natural Gas Player - Energy Transfer Equity (ETE) owns the general partner (GP) and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners (ETP), ~50.2MM ETP limited partner (LP) units, the GP and 100% of the IDRs of Regency Energy Partner (NYSE: RGP) and ~26.3MM RGP LP units. ETE has also proposed acquiring Southern Union (NYSE: SUG). ETP is by far the dominant asset in ETE’s huge portfolio."
"ETP: Big and Getting Bigger - ETP owns and operates a diversified portfolio of assets--over 17,500 miles of natural gas gathering and transportation pipelines, treating and processing plants and 3 Texas storage facilities. ETP also holds a 70% interest in Lone Star NGL, a JV with RGP that owns and operates NGL storage, fractionation and transportation assets. ETP has numerous expansions/growth projects in the construction stage."
Maintain Neutral Ratings; Lower ETE PT to $39, Lower ETP PT to $44
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
UBS analyst, Ronald J. Barone, said, "ETE: A Major Natural Gas Player - Energy Transfer Equity (ETE) owns the general partner (GP) and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners (ETP), ~50.2MM ETP limited partner (LP) units, the GP and 100% of the IDRs of Regency Energy Partner (NYSE: RGP) and ~26.3MM RGP LP units. ETE has also proposed acquiring Southern Union (NYSE: SUG). ETP is by far the dominant asset in ETE’s huge portfolio."
"ETP: Big and Getting Bigger - ETP owns and operates a diversified portfolio of assets--over 17,500 miles of natural gas gathering and transportation pipelines, treating and processing plants and 3 Texas storage facilities. ETP also holds a 70% interest in Lone Star NGL, a JV with RGP that owns and operates NGL storage, fractionation and transportation assets. ETP has numerous expansions/growth projects in the construction stage."
Maintain Neutral Ratings; Lower ETE PT to $39, Lower ETP PT to $44
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Lazard Cuts PT on Aruba (ARUN) to $18; Cisco Pressure Lingers, But Fundamentals Solid
- Supernus (SUPN) PT Trimmed at Jefferies, But Survey Shows Significant Market Opportunity
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
UBS
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
