Enterprise Products Partners L.P. (NYSE:EPD)‘s stock had its “buy” rating reiterated by research analysts at BMO Capital Markets in a research note issued to investors on Tuesday. They currently have a $33.00 price objective on the oil and gas producer’s stock. BMO Capital Markets’ price objective points to a potential upside of 35.47% from the company’s previous close.

A number of other analysts have also recently weighed in on EPD. Stifel Nicolaus reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Enterprise Products Partners L.P. in a report on Sunday, October 22nd. Scotiabank set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Friday, July 21st. Mizuho set a $31.00 target price on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a research note on Sunday, October 15th. Jefferies Group LLC reduced their price objective 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 report on Friday, September 1st. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $29.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $30.86.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded down $0.64 during mid-day trading on Tuesday, reaching $24.36. 4,680,200 shares of the company traded hands, compared to its average volume of 4,638,795. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 0.96. Enterprise Products Partners L.P. has a 1 year low of $23.84 and a 1 year high of $30.25. The firm has a market capitalization of $51,320.00, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 3.74 and a beta of 0.92.

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In related news, Director Carin Marcy Barth acquired 12,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were bought at an average price of $25.00 per share, for a total transaction of $300,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 37.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of EPD. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Enterprise Products Partners L.P. during the 3rd quarter worth $281,000. Vident Investment Advisory LLC acquired a new stake in Enterprise Products Partners L.P. in the third quarter valued at about $247,000. Cohen & Steers Inc. raised its position in Enterprise Products Partners L.P. by 1.0% in the third quarter. Cohen & Steers Inc. now owns 2,060,655 shares of the oil and gas producer’s stock valued at $53,721,000 after purchasing an additional 20,750 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Enterprise Products Partners L.P. by 18.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 96,047 shares of the oil and gas producer’s stock valued at $2,504,000 after purchasing an additional 15,069 shares during the last quarter. Finally, Payden & Rygel raised its position in Enterprise Products Partners L.P. by 1.2% in the third quarter. Payden & Rygel now owns 701,200 shares of the oil and gas producer’s stock valued at $18,280,000 after purchasing an additional 8,500 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)

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