Enterprise Products Partners L.P. (EPD) Given Consensus Rating of “Buy” by Analysts

Shares of Enterprise Products Partners L.P. (NYSE:EPD) have earned an average recommendation of “Buy” from the nineteen research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $32.33.

Several research analysts have commented on the stock. Bank of America lifted their price target on shares of Enterprise Products Partners from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Stifel Nicolaus lifted their price target on shares of Enterprise Products Partners from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Barclays lifted their price target on shares of Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Mitsubishi UFJ Financial Group lifted their price target on shares of Enterprise Products Partners to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, August 2nd. Finally, Scotiabank set a $33.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research note on Monday, August 20th.

Shares of EPD stock traded up $0.05 during trading hours on Friday, hitting $28.77. 2,136,000 shares of the company’s stock were exchanged, compared to its average volume of 5,085,297. The company has a market capitalization of $62.71 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 5.76 and a beta of 0.91. Enterprise Products Partners has a 12-month low of $23.10 and a 12-month high of $30.05. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.56 and a current ratio of 0.74.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Wednesday, August 1st. The oil and gas producer reported $0.46 EPS for the quarter, topping the consensus estimate of $0.39 by $0.07. The firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $8.55 billion. Enterprise Products Partners had a net margin of 8.95% and a return on equity of 14.42%. The business’s revenue was up 28.1% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. research analysts predict that Enterprise Products Partners will post 1.68 EPS for the current year.

In other news, CEO Aj Teague bought 3,390 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The shares were bought at an average cost of $29.48 per share, with a total value of $99,937.20. Following the completion of the purchase, the chief executive officer now directly owns 1,616,790 shares in the company, valued at $47,662,969.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 37.50% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Roanoke Asset Management Corp NY increased its position in Enterprise Products Partners by 9.0% during the 2nd quarter. Roanoke Asset Management Corp NY now owns 44,778 shares of the oil and gas producer’s stock valued at $1,239,000 after purchasing an additional 3,697 shares during the period. Segall Bryant & Hamill LLC increased its position in Enterprise Products Partners by 3.5% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 655,807 shares of the oil and gas producer’s stock valued at $18,146,000 after purchasing an additional 21,910 shares during the period. Tiedemann Advisors LLC increased its position in Enterprise Products Partners by 4.0% during the 2nd quarter. Tiedemann Advisors LLC now owns 1,878,970 shares of the oil and gas producer’s stock valued at $51,991,000 after purchasing an additional 73,047 shares during the period. Northwest Bancshares Inc. increased its position in Enterprise Products Partners by 17.9% during the 2nd quarter. Northwest Bancshares Inc. now owns 33,379 shares of the oil and gas producer’s stock valued at $924,000 after purchasing an additional 5,068 shares during the period. Finally, Baldwin Brothers Inc. MA increased its position in Enterprise Products Partners by 2.5% during the 2nd quarter. Baldwin Brothers Inc. MA now owns 380,084 shares of the oil and gas producer’s stock valued at $10,517,000 after purchasing an additional 9,193 shares during the period. 36.41% of the stock is currently owned by institutional investors.

About Enterprise Products Partners

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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Analyst Recommendations for Enterprise Products Partners (NYSE:EPD)

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