Stifel Nicolaus Reiterates Buy Rating for Enterprise Products Partners L.P. (EPD)
Enterprise Products Partners L.P. (NYSE:EPD)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a research note issued to investors on Thursday. They currently have a $43.00 target price on the stock, up from their previous target price of $40.00. Stifel Nicolaus’ price target points to a potential upside of 6.83% from the stock’s previous close.
A number of other analysts have also recently weighed in on EPD. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Enterprise Products Partners L.P. in a research note on Wednesday. They now have a $44.00 price target on the stock, down previously from $87.00. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $41.59.
Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.20% on Thursday, hitting $40.33. The stock had a trading volume of 386,581 shares. Enterprise Products Partners L.P. has a 1-year low of $14.4125 and a 1-year high of $40.30. The stock’s 50-day moving average is $22.05 and its 200-day moving average is $19.01. The company has a market cap of $75.559 billion and a P/E ratio of 27.57.
Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.65 earnings per share. Enterprise Products Partners L.P.’s revenue was up 12.3% compared to the same quarter last year. 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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