Enterprise Products Partners L.P. Given Outperform Rating at Oppenheimer (EPD)
Enterprise Products Partners L.P. (NYSE:EPD)‘s stock had its “outperform” rating reiterated by investment analysts at Oppenheimer in a note issued to investors on Wednesday. They currently have a $44.00 price target on the stock, down from their previous price target of $87.00. Oppenheimer’s target price would suggest a potential upside of 10.17% from the company’s current price.
Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.30% during mid-day trading on Wednesday, hitting $40.06. 798,885 shares of the company’s stock traded hands. Enterprise Products Partners L.P. has a one year low of $14.4125 and a one year high of $40.16. The stock has a 50-day moving average of $21.46 and a 200-day moving average of $18.86. The company has a market cap of $75.053 billion and a P/E ratio of 27.36.
Enterprise Products Partners L.P. (NYSE:EPD) last announced its earnings results on Thursday, July 31st. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. On average, analysts predict that Enterprise Products Partners L.P. will post $1.57 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.32.
Enterprise Products Partners L.P. (NYSE:EPD) owns and operates natural gas liquids (NGLs) related businesses of Enterprise Products Company (EPCO).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.