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GuruFocus has detected 7 Warning Signs with Energy Transfer Partners LP $ETP.
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Energy Transfer Partners LP (NYSE:ETP)
3-Year Average Share Buyback Ratio
-8.90 (As of Dec. 2016)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

ETP' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -50.1   Max: -8.9
Current: -8.9

-50.1
-8.9

During the past 13 years, Energy Transfer Partners LP's highest 3-Year Average Share Buyback Ratio was -8.90. The lowest was -50.10. And the median was -18.90.

ETP's 3-Year Average Share Buyback Ratio is ranked lower than
53% of the 76 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -8.10 vs. ETP: -8.90 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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