Enterprise Products Partners L.P. (EPD) PT Set at $33.00 by Scotiabank

Enterprise Products Partners L.P. (NYSE:EPD) received a $33.00 price target from equities researchers at Scotiabank in a report issued on Friday, July 21st. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. Scotiabank’s price objective would suggest a potential upside of 26.34% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Friday, July 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Wednesday, July 12th. BidaskClub raised Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Morgan Stanley raised Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $26.37 to $26.50 in a research note on Thursday, June 15th. Finally, Sanford C. Bernstein assumed coverage on Enterprise Products Partners L.P. in a research note on Tuesday, May 16th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.81.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded down 1.84% during midday trading on Friday, hitting $26.12. 4,596,055 shares of the company were exchanged. The company’s 50 day moving average price is $27.04 and its 200 day moving average price is $27.49. The firm has a market cap of $55.80 billion, a P/E ratio of 21.15 and a beta of 0.89. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25.

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 consensus estimate of $0.33 by $0.03. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.11%. The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period last year, the company earned $0.27 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. Equities analysts expect that Enterprise Products Partners L.P. will post $1.39 EPS for the current year.

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Several large investors have recently made changes to their positions in the company. Dubuque Bank & Trust Co. increased its stake in shares of Enterprise Products Partners L.P. by 222.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,790 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 2,615 shares during the period. First Financial Corp IN increased its stake in shares of Enterprise Products Partners L.P. by 11.1% in the second quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock valued at $108,000 after buying an additional 400 shares during the period. Baystate Wealth Management LLC increased its stake in shares of Enterprise Products Partners L.P. by 1,050.7% in the first quarter. Baystate Wealth Management LLC now owns 4,361 shares of the oil and gas producer’s stock valued at $122,000 after buying an additional 3,982 shares during the period. First Eagle Investment Management LLC acquired a new stake in shares of Enterprise Products Partners L.P. during the second quarter valued at about $130,000. Finally, Camarda Financial Advisors LLC increased its stake in shares of Enterprise Products Partners L.P. by 0.6% in the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock valued at $131,000 after buying an additional 27 shares during the period. Institutional investors own 38.69% 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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