Enterprise Products Partners L.P. (NYSE:EPD) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. They presently have a $30.56 price target on the stock. Vetr‘s target price would indicate a potential upside of 11.90% from the company’s current price.

Several other research firms have also recently commented on EPD. Royal Bank Of Canada reissued an “outperform” rating and set a $34.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday, July 29th. Credit Suisse Group AG raised shares of Enterprise Products Partners L.P. from a “neutral” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research note on Monday. Morgan Stanley cut shares of Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $33.00 to $30.00 in a research note on Thursday, August 18th. Howard Weil began coverage on shares of Enterprise Products Partners L.P. in a research note on Wednesday, June 1st. They issued a “sector outperform” rating and a $31.00 price objective on the stock. Finally, Evercore ISI began coverage on shares of Enterprise Products Partners L.P. in a research note on Thursday, September 15th. They issued a “buy” rating and a $30.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $31.89.

Enterprise Products Partners L.P. (NYSE:EPD) traded up 2.48% on Wednesday, hitting $27.31. The company’s stock had a trading volume of 5,327,304 shares. Enterprise Products Partners L.P. has a 1-year low of $19.00 and a 1-year high of $30.11. The company has a 50 day moving average price of $26.83 and a 200-day moving average price of $26.86. The company has a market capitalization of $57.12 billion, a P/E ratio of 21.81 and a beta of 0.92.

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Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Enterprise Products Partners L.P. had a net margin of 11.06% and a return on equity of 12.45%. The company had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same period last year, the company earned $0.34 earnings per share. Enterprise Products Partners L.P.’s revenue for the quarter was down 20.8% compared to the same quarter last year. On average, equities analysts forecast that Enterprise Products Partners L.P. will post $1.25 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Johnson Financial Group Inc. increased its position in shares of Enterprise Products Partners L.P. by 94.3% in the second quarter. Johnson Financial Group Inc. now owns 3,621 shares of the company’s stock worth $106,000 after buying an additional 1,757 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Enterprise Products Partners L.P. during the second quarter valued at approximately $116,000. Hanson McClain Inc. increased its stake in shares of Enterprise Products Partners L.P. by 52.9% in the second quarter. Hanson McClain Inc. now owns 3,970 shares of the company’s stock valued at $116,000 after buying an additional 1,374 shares during the last quarter. Baker Ellis Asset Management LLC bought a new stake in shares of Enterprise Products Partners L.P. during the second quarter valued at approximately $117,000. Finally, Kelman Lazarov Inc. increased its stake in shares of Enterprise Products Partners L.P. by 34.1% in the second quarter. Kelman Lazarov Inc. now owns 4,134 shares of the company’s stock valued at $120,000 after buying an additional 1,052 shares during the last quarter. 35.67% of the stock is owned by institutional investors.

About Enterprise Products Partners L.P.

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

5 Day Chart for NYSE:EPD

To view Vetr’s full report, visit Vetr’s official website.

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