News coverage about Enterprise Products Partners (NYSE:EPD) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Enterprise Products Partners earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 46.5803840208309 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Enterprise Products Plans to Convert NGL Pipeline to Crude Oil (oilandgas360.com)
- Raises Holdings in Enterprise Products Partners LP (EPD) (nismagazine.com)
- Better Buy: Enterprise Products Partners L.P. vs. Kinder Morgan, Inc. (finance.yahoo.com)
- Enterprise to Convert NGL Pipeline from Permian Basin to Crude Oil Service (markets.financialcontent.com)
- Best Stocks for 2018: Enterprise Products Partners L.P. Will Grow in 2018 (investorplace.com)
Shares of Enterprise Products Partners (EPD) traded down $0.47 during trading hours on Wednesday, reaching $24.33. 4,737,404 shares of the company’s stock traded hands, compared to its average volume of 4,721,875. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 0.96. Enterprise Products Partners has a 52-week low of $23.59 and a 52-week high of $30.25. The company has a market cap of $52,330.00, a PE ratio of 19.68, a PEG ratio of 3.75 and a beta of 0.91.
Several equities analysts have recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners in a report on Friday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Enterprise Products Partners in a research note on Thursday, August 10th. BidaskClub lowered shares of Enterprise Products Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Royal Bank Of Canada reduced their target price on shares of Enterprise Products Partners from $34.00 to $31.00 and set an “outperform” rating for the company in a research note on Tuesday, October 31st. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $33.00 target price on shares of Enterprise Products Partners in a research note on Tuesday, November 14th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $30.92.
In other news, CEO Aj Teague bought 8,250 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were bought at an average cost of $24.26 per share, with a total value of $200,145.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Carin Marcy Barth bought 12,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $300,000.00. The disclosure for this purchase can be found here. Insiders own 37.50% of the company’s stock.
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About Enterprise Products Partners
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.
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