Evercore ISI started coverage on shares of Enterprise Products Partners L.P. (NYSE:EPD) in a report released on Thursday morning. The firm issued a buy rating and a $30.00 price objective on the stock.

Analyst Recommendations for Enterprise Products Partners L.P. (NYSE:EPD)

Other analysts have also recently issued research reports about the stock. Vetr cut shares of Enterprise Products Partners L.P. from a strong-buy rating to a buy rating and set a $29.70 price target on the stock. in a research report on Monday, September 5th. Wunderlich cut their target price on shares of Enterprise Products Partners L.P. from $33.00 to $32.00 and set a buy rating on the stock in a research note on Wednesday, August 31st. Morgan Stanley lowered shares of Enterprise Products Partners L.P. from an overweight rating to an equal weight rating and cut their target price for the stock from $33.00 to $30.00 in a research note on Thursday, August 18th. Credit Suisse Group AG set a $34.00 target price on shares of Enterprise Products Partners L.P. and gave the stock a hold rating in a research note on Thursday, August 18th. Finally, Royal Bank Of Canada restated an outperform rating and set a $34.00 target price on shares of Enterprise Products Partners L.P. in a research note on Friday, July 29th. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Enterprise Products Partners L.P. currently has a consensus rating of Buy and an average price target of $31.85.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.74 on Thursday. The firm has a market capitalization of $55.93 billion, a PE ratio of 21.36 and a beta of 0.92. Enterprise Products Partners L.P. has a 52 week low of $19.00 and a 52 week high of $30.11. The firm’s 50-day moving average is $26.83 and its 200 day moving average is $26.84.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The business had revenue of $5.62 billion for the quarter, compared to analyst estimates of $5.62 billion. Enterprise Products Partners L.P. had a return on equity of 12.45% and a net margin of 11.06%. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. On average, equities analysts forecast that Enterprise Products Partners L.P. will post $1.25 earnings per share for the current year.

Several large investors have recently bought and sold shares of the stock. Williams Jones & Associates LLC increased its stake in shares of Enterprise Products Partners L.P. by 1.8% in the second quarter. Williams Jones & Associates LLC now owns 1,923,104 shares of the company’s stock valued at $56,270,000 after buying an additional 33,925 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Enterprise Products Partners L.P. by 47.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 45,018 shares of the company’s stock valued at $1,318,000 after buying an additional 14,566 shares in the last quarter. Cowen Group Inc. increased its stake in shares of Enterprise Products Partners L.P. by 18.7% in the second quarter. Cowen Group Inc. now owns 49,280 shares of the company’s stock valued at $1,442,000 after buying an additional 7,755 shares in the last quarter. Beach Investment Counsel Inc. PA increased its stake in shares of Enterprise Products Partners L.P. by 8.0% in the second quarter. Beach Investment Counsel Inc. PA now owns 1,894,001 shares of the company’s stock valued at $55,418,000 after buying an additional 140,955 shares in the last quarter. Finally, Beacon Trust Co. increased its stake in shares of Enterprise Products Partners L.P. by 3.0% in the second quarter. Beacon Trust Co. now owns 15,272 shares of the company’s stock valued at $447,000 after buying an additional 440 shares in the last quarter. 35.68% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:EPD

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