Enterprise Products Partners L.P. (EPD) Rating Reiterated by Sanford C. Bernstein

Enterprise Products Partners L.P. (NYSE:EPD)‘s stock had its “outperform” rating restated by equities researchers at Sanford C. Bernstein in a note issued to investors on Thursday.

Several other equities analysts have also weighed in on EPD. BidaskClub lowered shares of Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays PLC reaffirmed an “overweight” rating and set a $31.00 price objective (down previously from $33.00) on shares of Enterprise Products Partners L.P. in a research report on Friday, August 4th. BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, July 14th. Finally, Vetr raised shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price objective on the stock in a research report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $31.81.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.26 on Thursday. Enterprise Products Partners L.P. has a 1-year low of $24.01 and a 1-year high of $30.25. The stock has a market capitalization of $56.10 billion, a P/E ratio of 21.26 and a beta of 0.89. The firm’s 50-day moving average is $27.04 and its 200 day moving average is $27.49.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.03. The business had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. Enterprise Products Partners L.P.’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. On average, analysts expect that Enterprise Products Partners L.P. will post $1.39 EPS for the current fiscal 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 last quarter. 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 last quarter. 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 last quarter. First Eagle Investment Management LLC bought 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 last quarter. Institutional investors and hedge funds 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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