Enterprise Products Partners L.P. (NYSE:EPD) has been given a $33.00 price objective by stock analysts at BMO Capital Markets in a research note issued on Thursday. The firm currently has a “buy” rating on the oil and gas producer’s stock. BMO Capital Markets’ target price indicates a potential upside of 23.78% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the company. Seaport Global Securities assumed coverage on Enterprise Products Partners L.P. in a research report on Tuesday. They set a “neutral” rating and a $29.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and set a $30.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, September 15th. Jefferies Group LLC reduced their price target on Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, September 1st. BidaskClub raised Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Enterprise Products Partners L.P. in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Enterprise Products Partners L.P. has an average rating of “Buy” and an average price target of $30.99.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). The company had revenue of $6.61 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS.

ILLEGAL ACTIVITY NOTICE: This story was reported by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/13/bmo-capital-markets-reiterates-33-00-price-target-for-enterprise-products-partners-l-p-epd.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. lifted its stake in Enterprise Products Partners L.P. by 14.3% during the second quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock worth $107,000 after purchasing an additional 500 shares during the last quarter. First Financial Corp IN lifted its stake in Enterprise Products Partners L.P. by 11.1% during the second quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock worth $108,000 after purchasing an additional 400 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in Enterprise Products Partners L.P. during the second quarter worth $130,000. Camarda Financial Advisors LLC lifted its stake in Enterprise Products Partners L.P. by 0.6% during the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after purchasing an additional 27 shares during the last quarter. Finally, Jacobi Capital Management LLC lifted its stake in Enterprise Products Partners L.P. by 690.9% during the second quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock worth $148,000 after purchasing an additional 4,760 shares during the last quarter. Hedge funds and other institutional investors own 37.56% 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)

Receive News & Ratings for Enterprise Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.