Enterprise Products Partners L.P. Reaches New 12-Month High at $77.06 (EPD)
Shares of Enterprise Products Partners L.P. (NYSE:EPD) reached a new 52-week high on Tuesday , StockRatingsNetwork reports. The company traded as high as $77.06 and last traded at $76.59, with a volume of 516,045 shares traded. The stock had previously closed at $76.28.
A number of analysts have recently weighed in on EPD shares. Analysts at Global Hunter Securities initiated coverage on shares of Enterprise Products Partners L.P. in a research note on Tuesday, June 3rd. They set a “buy” rating and a $83.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Enterprise Products Partners L.P. from $75.00 to $76.00 in a research note on Tuesday, June 3rd. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Enterprise Products Partners L.P. in a research note on Friday, May 16th. They now have a $77.00 price target on the stock. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $78.33.
The stock has a 50-day moving average of $74.3 and a 200-day moving average of $68.87. The company has a market cap of $71.520 billion and a P/E ratio of 26.82.
Enterprise Products Partners L.P. (NYSE:EPD) last announced its earnings results on Thursday, May 1st. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.10. The company had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter last year, the company posted $0.77 earnings per share. Enterprise Products Partners L.P.’s revenue was up 13.4% compared to the same quarter last year. On average, analysts predict that Enterprise Products Partners L.P. will post $3.13 earnings per share for the current fiscal year.
Enterprise Products Partners L.P. (NYSE:EPD) owns and operates natural gas liquids (NGLs) related businesses of Enterprise Products Company (EPCO).
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