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Energy Transfer Partners (ETP) [hlAlert]

up 6.69 %

Energy Transfer Partners (ETP) upgraded to Buy with price target $54 by UBS

Posted on: Tuesday,  Apr 8, 2008  9:25 AM ET by UBS

UBS rated Buy Energy Transfer Partners (NYSE: ETP) on 04/08/2008. Previously UBS rated Sell Energy Transfer Partners (NYSE: ETP) on 07/31/2007.,
when the stock price was $52.58. Since then, Energy Transfer Partners has lost 6.28% as of 04/08/2008's recent price of $49.28.
If you would have followed the previous UBS's recommendation on ETP, you would have gained 6.69% of your investment in 252 days.

Energy Transfer Partners, L.P. (ETP) is engaged in natural gas operations. The Company is also operates in the retail propane segment. The Company is managed by its general partners, Energy Transfer Partners GP, L.P. (its General Partner), which is in turn managed by its general partner, Energy Transfer Partners, L.L.C. (ETP LLC). Energy Transfer Equity, L.P. (ETE) owns ETP LLC, the general partner of its General Partner. In September 2008, the Company entered into an agreement with OGE Energy Corp. (OGE) to form a joint venture entity, ETP Enogex Partners LLC (ETP Enogex Partners). On January 27, 2009, the Company announced that it had entered into an agreement with Chesapeake Energy Marketing, Inc., a wholly owned subsidiary of Chesapeake Energy Corporation (Chesapeake) to construct a 178-mile 42-inch interstate natural gas pipeline (Tiger pipeline).

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/8/2008 9:25 AM Buy
49.28 54.00
as of 12/24/2008
1 Week up  1.11 %
1 Month up  5.09 %
3 Months up  13.34 %
1 YTD down  -30.31 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/31/2007 9:25 AM Sell

(*) Stock Price at the time of the recommendation.
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