Enterprise Products Partners L.P. (NYSE:EPD) shares saw unusually-strong trading volume on Friday . Approximately 16,211,954 shares were traded during trading, an increase of 344% from the previous session’s volume of 3,654,300 shares.The stock last traded at $25.90 and had previously closed at $25.88.

Several equities research analysts recently weighed in on EPD shares. BMO Capital Markets set a $33.00 price objective on Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Monday, June 5th. Stifel Nicolaus reissued a “buy” rating and set a $30.00 price objective on shares of Enterprise Products Partners L.P. in a report on Friday, August 11th. Scotiabank set a $33.00 price objective on Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Friday, July 21st. Jefferies Group LLC cut their price objective on Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, September 1st. Finally, BidaskClub raised Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $31.30.

The firm has a 50-day moving average of $25.99 and a 200-day moving average of $26.89. The firm has a market capitalization of $55.63 billion, a PE ratio of 20.38 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). The firm had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. On average, equities research analysts predict that Enterprise Products Partners L.P. will post $1.35 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Day & Ennis LLC boosted its holdings in shares of Enterprise Products Partners L.P. by 0.3% during the first quarter. Day & Ennis LLC now owns 8,057 shares of the oil and gas producer’s stock worth $222,000 after purchasing an additional 26 shares during the period. Camarda Financial Advisors LLC raised its stake in 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 worth $131,000 after buying an additional 27 shares in the last quarter. Focused Wealth Management Inc raised its stake in Enterprise Products Partners L.P. by 0.3% in the first quarter. Focused Wealth Management Inc now owns 11,788 shares of the oil and gas producer’s stock worth $325,000 after buying an additional 33 shares in the last quarter. Sunbelt Securities Inc. raised its stake in Enterprise Products Partners L.P. by 0.5% in the first quarter. Sunbelt Securities Inc. now owns 8,124 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 40 shares in the last quarter. Finally, Patten & Patten Inc. TN raised its stake in Enterprise Products Partners L.P. by 0.5% in the second quarter. Patten & Patten Inc. TN now owns 9,487 shares of the oil and gas producer’s stock worth $257,000 after buying an additional 44 shares in the last quarter. Institutional investors own 37.55% of the company’s stock.

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About Enterprise Products Partners L.P.

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.

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