Enterprise Products Partners (EPD) Receives New Coverage from Analysts at Credit Suisse Group

Credit Suisse Group initiated coverage on shares of Enterprise Products Partners (NYSE:EPD) in a research note published on Thursday. The brokerage issued an outperform rating and a $31.00 target price on the oil and gas producer’s stock.

EPD has been the subject of several other reports. Zacks Investment Research raised shares of Enterprise Products Partners from a sell rating to a hold rating in a report on Tuesday, November 7th. Royal Bank of Canada reduced their target price on shares of Enterprise Products Partners from $34.00 to $31.00 and set an outperform rating for the company in a report on Tuesday, October 31st. Tudor Pickering raised shares of Enterprise Products Partners from a hold rating to a buy rating in a report on Wednesday, December 13th. Stifel Nicolaus reaffirmed a buy rating and set a $30.00 target price on shares of Enterprise Products Partners in a report on Sunday, October 22nd. Finally, Mizuho set a $31.00 target price on shares of Enterprise Products Partners and gave the company a buy rating in a report on Sunday, October 15th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $30.93.

Enterprise Products Partners (NYSE:EPD) traded down $0.04 on Thursday, hitting $27.77. 4,330,612 shares of the stock traded hands, compared to its average volume of 6,255,400. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.71 and a quick ratio of 0.48. Enterprise Products Partners has a 1 year low of $23.59 and a 1 year high of $30.25. The stock has a market capitalization of $59,590.00, a PE ratio of 25.01, a price-to-earnings-growth ratio of 3.71 and a beta of 0.90.

In other news, CEO Aj Teague acquired 11,300 shares of Enterprise Products Partners stock in a transaction dated Wednesday, December 27th. The stock was purchased at an average cost of $26.47 per share, with a total value of $299,111.00. Following the completion of the purchase, the chief executive officer now directly owns 1,474,183 shares in the company, valued at approximately $39,021,624.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carin Marcy Barth acquired 12,000 shares of Enterprise Products Partners stock in a transaction dated Monday, November 6th. The stock was purchased at an average cost of $25.00 per share, with a total value of $300,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 31,550 shares of company stock valued at $799,256. 37.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. increased its stake in shares of 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 worth $107,000 after purchasing an additional 500 shares in the last quarter. Ffcm LLC purchased a new stake in shares of Enterprise Products Partners in the third quarter worth $112,000. Jacobi Capital Management LLC boosted its position in shares of Enterprise Products Partners by 690.9% during the second quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 4,760 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of Enterprise Products Partners by 571.4% during the second quarter. Acrospire Investment Management LLC now owns 5,640 shares of the oil and gas producer’s stock worth $153,000 after acquiring an additional 4,800 shares during the last quarter. Finally, Phocas Financial Corp. bought a new position in shares of Enterprise Products Partners during the second quarter worth $168,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

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About Enterprise Products Partners

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 (NYSE:EPD)

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