Enterprise Products Partners Sets New 52-Week High at $67.41 (EPD)
Shares of Enterprise Products Partners (NYSE:EPD) hit a new 52-week high on Tuesday , Analyst Ratings Net reports. The stock traded as high as $67.41 and last traded at $67.30, with a volume of 774,225 shares. The stock had previously closed at $66.08.
EPD has been the subject of a number of recent research reports. Analysts at Argus raised their price target on shares of Enterprise Products Partners from $70.00 to $75.00 in a research note on Friday, January 31st. They now have a “buy” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Enterprise Products Partners from $68.00 to $70.00 in a research note on Friday, January 31st. Finally, analysts at Deutsche Bank raised their price target on shares of Enterprise Products Partners from $70.00 to $74.00 in a research note on Monday, January 6th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $69.27.
The stock has a 50-day moving average of $64.89 and a 200-day moving average of $62.1. The company has a market cap of $61.623 billion and a price-to-earnings ratio of 23.44.
Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The company had revenue of $13.10 billion for the quarter, compared to the consensus estimate of $13.10 billion. Analysts expect that Enterprise Products Partners will post $3.05 EPS for the current fiscal year.
Enterprise Products Partners L.P. (NYSE:EPD) is a North American midstream energy company providing a range of services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products and certain petrochemicals.
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