Enterprise Products Partners L.P. (NYSE:EPD)‘s stock had its “buy” rating restated by stock analysts at SunTrust Banks, Inc. in a research note issued on Friday. They presently have a $29.00 price target on the oil and gas producer’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 16.00% from the stock’s previous close.

EPD has been the topic of a number of other reports. Zacks Investment Research lowered Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Scotiabank set a $33.00 price target on Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Sunday, October 15th. Stifel Nicolaus reissued a “buy” rating and set a $30.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, September 15th. Jefferies Group LLC lowered 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 report on Friday, September 1st. Finally, BidaskClub raised Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $30.86.

Enterprise Products Partners L.P. (NYSE EPD) opened at $25.00 on Friday. The company has a market cap of $52.76 billion, a PE ratio of 19.33, a PEG ratio of 3.69 and a beta of 0.89. The company has a quick ratio of 0.41, a current ratio of 0.61 and a debt-to-equity ratio of 0.88.

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 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The business had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.44 billion. Enterprise Products Partners L.P. had a net margin of 9.83% and a return on equity of 12.01%. Enterprise Products Partners L.P.’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share. equities research analysts anticipate that Enterprise Products Partners L.P. will post 1.32 EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its position in shares of Enterprise Products Partners L.P. by 14.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock valued at $107,000 after purchasing an additional 500 shares during the period. First Financial Corp IN boosted its position in shares of Enterprise Products Partners L.P. by 11.1% in the 2nd quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock valued at $108,000 after purchasing an additional 400 shares during the period. First Eagle Investment Management LLC acquired a new position in shares of Enterprise Products Partners L.P. in the 2nd quarter valued at $130,000. Camarda Financial Advisors LLC boosted its position in shares of Enterprise Products Partners L.P. by 0.6% in the 2nd quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock valued at $131,000 after purchasing an additional 27 shares during the period. Finally, Jacobi Capital Management LLC boosted its position in shares of Enterprise Products Partners L.P. by 690.9% in the 2nd quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock valued at $148,000 after purchasing an additional 4,760 shares during the period. Institutional investors and hedge funds own 37.48% 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.

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

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