Enterprise Products Partners L.P. (EPD) Receives $31.64 Consensus Target Price from Brokerages

Enterprise Products Partners L.P. (NYSE:EPD) has been assigned a consensus rating of “Buy” from the twenty-four research firms that are currently covering the stock. Two equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $31.64.

Several equities analysts have recently weighed in on EPD shares. Vetr lowered shares of Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $30.51 price objective on the stock. in a report on Thursday, January 5th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $30.00 price objective on shares of Enterprise Products Partners L.P. in a report on Sunday, December 4th. Sanford C. Bernstein set a $34.00 price objective on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Sunday, January 15th. Scotiabank reiterated a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a report on Sunday, March 12th. Finally, Barclays PLC upped their price objective on shares of Enterprise Products Partners L.P. from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, January 31st.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at 27.40 on Thursday. The company has a 50-day moving average of $28.23 and a 200 day moving average of $26.95. Enterprise Products Partners L.P. has a 52 week low of $23.56 and a 52 week high of $30.25. The firm has a market capitalization of $57.97 billion, a P/E ratio of 22.81 and a beta of 0.91.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its quarterly earnings data on Monday, January 30th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.01. Enterprise Products Partners L.P. had a net margin of 10.92% and a return on equity of 11.55%. The company had revenue of $6.48 billion for the quarter, compared to analyst estimates of $5.99 billion. During the same quarter in the prior year, the company posted $0.35 EPS. Enterprise Products Partners L.P.’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts anticipate that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current year.

In other news, insider Edwin E. Smith sold 15,000 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $28.02, for a total transaction of $420,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James T. Hackett bought 33,000 shares of the firm’s stock in a transaction dated Friday, February 3rd. The shares were acquired at an average cost of $28.65 per share, with a total value of $945,450.00. Following the completion of the transaction, the director now owns 220,623 shares of the company’s stock, valued at $6,320,848.95. The disclosure for this purchase can be found here. Insiders own 37.50% of the company’s stock.

Large investors have recently bought and sold shares of the company. Energy Income Partners LLC acquired a new stake in Enterprise Products Partners L.P. during the fourth quarter valued at approximately $484,791,000. Alps Advisors Inc. increased its stake in shares of Enterprise Products Partners L.P. by 13.9% in the third quarter. Alps Advisors Inc. now owns 33,912,854 shares of the company’s stock worth $937,012,000 after buying an additional 4,129,099 shares during the last quarter. Morgan Stanley increased its stake in shares of Enterprise Products Partners L.P. by 8.6% in the third quarter. Morgan Stanley now owns 41,695,483 shares of the company’s stock worth $1,152,046,000 after buying an additional 3,316,193 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in shares of Enterprise Products Partners L.P. by 60.2% in the third quarter. Epoch Investment Partners Inc. now owns 5,912,392 shares of the company’s stock worth $163,359,000 after buying an additional 2,220,811 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Enterprise Products Partners L.P. during the fourth quarter worth about $55,573,000. 36.31% of the stock is owned by institutional investors.

Your IP Address:

About Enterprise Products Partners L.P.

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

5 Day Chart for NYSE:EPD

Receive News & Ratings for Enterprise Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply