Enterprise Products Partners L.P. (NYSE:EPD)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a report released on Friday. They currently have a $30.00 target price on the oil and gas producer’s stock. Stifel Nicolaus’ price objective points to a potential upside of 14.90% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research note on Monday, June 5th. Jefferies Group LLC dropped their price target on shares of Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, September 1st. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research note on Friday, July 21st. BidaskClub raised shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Enterprise Products Partners L.P. in a report on Thursday, August 10th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Enterprise Products Partners L.P. currently has a consensus rating of “Buy” and an average target price of $31.49.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded down 0.27% during mid-day trading on Friday, reaching $26.11. 2,713,638 shares of the company were exchanged. The stock has a market capitalization of $56.08 billion, a P/E ratio of 20.54 and a beta of 0.90. Enterprise Products Partners L.P. has a 12 month low of $24.01 and a 12 month high of $30.25. The firm has a 50-day moving average price of $26.05 and a 200 day moving average price of $26.94.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). The business had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. Equities research analysts anticipate that Enterprise Products Partners L.P. will post $1.35 EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in EPD. Janus Henderson Group PLC acquired a new position in shares of Enterprise Products Partners L.P. in the second quarter valued at approximately $259,960,000. Principal Financial Group Inc. acquired a new position in shares of Enterprise Products Partners L.P. in the second quarter valued at approximately $143,325,000. Commonwealth Bank of Australia boosted its holdings in shares of Enterprise Products Partners L.P. by 182.9% in the second quarter. Commonwealth Bank of Australia now owns 6,136,898 shares of the oil and gas producer’s stock valued at $166,186,000 after buying an additional 3,967,879 shares during the period. BlackRock Inc. boosted its holdings in shares of Enterprise Products Partners L.P. by 5,083.2% in the first quarter. BlackRock Inc. now owns 3,225,992 shares of the oil and gas producer’s stock valued at $89,069,000 after buying an additional 3,163,753 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Enterprise Products Partners L.P. by 38.0% in the first quarter. Ameriprise Financial Inc. now owns 7,334,276 shares of the oil and gas producer’s stock valued at $202,351,000 after buying an additional 2,018,930 shares during the period. Institutional investors own 37.85% 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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