Enterprise Products Partners (EPD) Research Coverage Started at Credit Suisse Group

Research analysts at Credit Suisse Group started coverage on shares of Enterprise Products Partners (NYSE:EPD) in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $31.00 price target on the oil and gas producer’s stock. Credit Suisse Group’s price target points to a potential upside of 11.79% from the company’s previous close.

Several other equities analysts also recently issued reports on EPD. Scotiabank set a $33.00 price objective on Enterprise Products Partners and gave the company a “buy” rating in a research report on Sunday, October 15th. Mizuho set a $31.00 target price on Enterprise Products Partners and gave the stock a “buy” rating in a research report on Sunday, October 15th. BMO Capital Markets set a $33.00 target price on Enterprise Products Partners and gave the stock a “buy” rating in a research report on Thursday, October 12th. Zacks Investment Research upgraded Enterprise Products Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus restated a “buy” rating and set a $30.00 target price on shares of Enterprise Products Partners in a research report on Sunday, October 22nd. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Enterprise Products Partners has an average rating of “Buy” and a consensus price target of $30.93.

Shares of Enterprise Products Partners (EPD) traded down $0.08 on Thursday, reaching $27.73. The company’s stock had a trading volume of 5,693,017 shares, compared to its average volume of 6,370,000. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.96. Enterprise Products Partners has a 52-week low of $23.59 and a 52-week high of $30.25. The company has a market cap of $59,590.00, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 3.69 and a beta of 0.90.

In related news, CEO Aj Teague acquired 11,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was acquired at an average price of $26.47 per share, for a total transaction of $299,111.00. Following the completion of the acquisition, the chief executive officer now owns 1,474,183 shares of the company’s stock, valued at approximately $39,021,624.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carin Marcy Barth acquired 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average price of $25.00 per share, with a total value of $300,000.00. The disclosure for this purchase can be found here. Insiders purchased 31,550 shares of company stock valued at $799,256 in the last quarter. 37.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPD. Ameritas Investment Partners Inc. increased its holdings in Enterprise Products Partners by 14.3% in the second 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 last quarter. Ffcm LLC bought a new stake in Enterprise Products Partners in the third quarter valued at about $112,000. Jacobi Capital Management LLC increased its holdings in Enterprise Products Partners by 690.9% in the second 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 last quarter. Acrospire Investment Management LLC increased its holdings in Enterprise Products Partners by 571.4% in the second quarter. Acrospire Investment Management LLC now owns 5,640 shares of the oil and gas producer’s stock valued at $153,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Phocas Financial Corp. bought a new stake in Enterprise Products Partners in the second quarter valued at about $168,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Enterprise Products Partners (EPD) Research Coverage Started at Credit Suisse Group” was first published by American Market News and is owned by of American Market News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/01/07/enterprise-products-partners-epd-research-coverage-started-at-credit-suisse-group.html.

Enterprise Products Partners 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.