Enterprise Products Partners L.P. (NYSE:EPD) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a report released on Wednesday. They currently have a $30.56 target price on the stock. Vetr‘s price objective points to a potential upside of 11.90% from the company’s previous close.

A number of other equities research analysts also recently commented on EPD. Evercore ISI started coverage on shares of Enterprise Products Partners L.P. in a research report on Thursday, September 15th. They issued a “buy” rating and a $30.00 target price for the company. Wunderlich cut their target price on shares of Enterprise Products Partners L.P. from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, August 31st. Morgan Stanley downgraded shares of Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $33.00 to $30.00 in a research report on Thursday, August 18th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Enterprise Products Partners L.P. in a research report on Friday, July 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Enterprise Products Partners L.P. in a research report on Friday, July 29th. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock presently has an average 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. 5,327,304 shares of the stock traded hands. The company’s 50 day moving average price is $26.83 and its 200-day moving average price is $26.86. Enterprise Products Partners L.P. has a 52-week low of $19.00 and a 52-week high of $30.11. The stock has a market cap of $57.12 billion, a price-to-earnings ratio of 21.81 and a beta of 0.92.

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

Hedge funds have recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. increased its stake in Enterprise Products Partners L.P. by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 52,585 shares of the company’s stock worth $1,295,000 after buying an additional 1,472 shares during the period. Carroll Financial Associates Inc. increased its stake in Enterprise Products Partners L.P. by 3.4% in the first quarter. Carroll Financial Associates Inc. now owns 20,290 shares of the company’s stock worth $499,000 after buying an additional 659 shares during the period. Bridges Investment Management Inc. increased its stake in Enterprise Products Partners L.P. by 1.8% in the first quarter. Bridges Investment Management Inc. now owns 24,850 shares of the company’s stock worth $743,000 after buying an additional 444 shares during the period. Duncker Streett & Co. Inc. increased its stake in Enterprise Products Partners L.P. by 3.1% in the first quarter. Duncker Streett & Co. Inc. now owns 36,684 shares of the company’s stock worth $903,000 after buying an additional 1,100 shares during the period. Finally, Chicago Partners Investment Group LLC increased its stake in Enterprise Products Partners L.P. by 12.4% in the first quarter. Chicago Partners Investment Group LLC now owns 433,666 shares of the company’s stock worth $10,677,000 after buying an additional 47,865 shares during the period. Hedge funds and other institutional investors own 35.67% of the company’s stock.

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

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