Enterprise Products Partners L.P. (NYSE:EPD)‘s stock had its “overweight” rating reiterated by stock analysts at Barclays PLC in a research report issued on Friday. They currently have a $31.00 price target on the oil and gas producer’s stock, down from their prior price target of $33.00. Barclays PLC’s price objective suggests a potential upside of 18.68% from the stock’s current price.

EPD has been the subject of several other research reports. BidaskClub upgraded Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Sanford C. Bernstein initiated coverage on Enterprise Products Partners L.P. in a report on Tuesday, May 16th. They set an “outperform” rating for the company. Guggenheim initiated coverage on Enterprise Products Partners L.P. in a report on Monday, April 17th. They set a “buy” rating and a $32.00 price target for the company. Vetr upgraded Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price target for the company in a report on Monday, April 24th. Finally, Morgan Stanley upgraded Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $26.37 to $26.50 in a report on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Enterprise Products Partners L.P. currently has an average rating of “Buy” and an average price target of $31.81.

Shares of Enterprise Products Partners L.P. (NYSE EPD) traded up 0.708% during mid-day trading on Friday, reaching $26.305. The company’s stock had a trading volume of 2,471,333 shares. The company’s 50-day moving average price is $27.04 and its 200-day moving average price is $27.49. Enterprise Products Partners L.P. has a 12-month low of $24.01 and a 12-month high of $30.25. The stock has a market capitalization of $56.20 billion, a P/E ratio of 21.300 and a beta of 0.89.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.03. The firm had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.44 billion. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post $1.39 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of EPD. Thompson Siegel & Walmsley LLC boosted its position in Enterprise Products Partners L.P. by 18.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 54,697 shares of the oil and gas producer’s stock worth $1,481,000 after buying an additional 8,650 shares during the last quarter. Third Security LLC boosted its position in Enterprise Products Partners L.P. by 9.6% in the second quarter. Third Security LLC now owns 1,135,734 shares of the oil and gas producer’s stock worth $30,756,000 after buying an additional 99,900 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Enterprise Products Partners L.P. by 16.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 80,978 shares of the oil and gas producer’s stock worth $2,193,000 after buying an additional 11,228 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Enterprise Products Partners L.P. by 2.8% in the second quarter. Sequoia Financial Advisors LLC now owns 30,740 shares of the oil and gas producer’s stock worth $832,000 after buying an additional 838 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its position in Enterprise Products Partners L.P. by 2.2% in the second quarter. Eagle Asset Management Inc. now owns 63,389 shares of the oil and gas producer’s stock worth $1,716,000 after buying an additional 1,352 shares during the last quarter. Institutional investors own 38.69% of the company’s stock.

Enterprise Products Partners L.P. Company Profile

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.

Analyst Recommendations for Enterprise Products Partners L.P. (NYSE:EPD)

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