Enterprise Products Partners L.P. Hits New 12-Month High at $39.96 (EPD)
Enterprise Products Partners L.P. (NYSE:EPD) shares reached a new 52-week high during mid-day trading on Monday , AnalystRatings.Net reports. The company traded as high as $39.96 and last traded at $39.83, with a volume of 1,098,093 shares trading hands. The stock had previously closed at $39.38.
A number of analysts have recently weighed in on EPD shares. Analysts at Zacks reiterated a “neutral” rating on shares of Enterprise Products Partners L.P. in a research note on Tuesday, August 19th. They now have a $40.50 price target on the stock. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Enterprise Products Partners L.P. in a research note on Friday, August 1st. They now have a $41.50 price target on the stock, up previously from $40.50. Finally, analysts at Stifel Nicolaus raised their price target on shares of Enterprise Products Partners L.P. from $39.00 to $40.00 in a research note on Friday, August 1st. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Enterprise Products Partners L.P. presently has a consensus rating of “Buy” and an average price target of $41.23.
The stock has a 50-day moving average of $20.35 and a 200-day moving average of $18.4. The company has a market cap of $74.603 billion and a P/E ratio of 26.97.
Enterprise Products Partners L.P. (NYSE:EPD) last released its earnings data on Thursday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.06. The company had revenue of $12.52 billion for the quarter, compared to the consensus estimate of $12.88 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts expect that Enterprise Products Partners L.P. will post $1.57 EPS 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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