NEW YORK (TheStreet) -- Shares of Energy Transfer Partners (ETP) are trading higher by 0.42% to $57 in Tuesday's after-hours trading after analysts at Deutsche Bank initiated stock coverage with a "buy" rating and a price target of $67.
Their positive outlook was due to several reasons: "Energy Transfer Partners holds the majority of Energy Transfer Equity (ETE)'s operating assets, and near-term, we expect synergies following the recently closed merger with Regency to provide upside."
Lastly, they added that the company holds the GPs and large LP stakes in Sunoco Logistics Partners (SXL) and Sunoco (SUN), offering exposure to their growth.
According to the Wall Street analysts' estimates, distribution growth is expected to continue in the remaining quarters in 2015, Yahoo Finance reported.
Energy Transfer Partners is a natural gas and propane company.
The stock had closed slightly lower, down 1.03% to $56.76.
TheStreet Ratings team rates ENERGY TRANSFER PARTNERS -LP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate ENERGY TRANSFER PARTNERS -LP (ETP) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."