Enterprise Products Partners (NYSE:EPD) Raised to Buy at Wall Street Zen

Enterprise Products Partners (NYSE:EPDGet Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research firms have also recently issued reports on EPD. Raymond James Financial cut Enterprise Products Partners from a “strong-buy” rating to an “outperform” rating and set a $36.00 price objective for the company. in a research report on Monday, January 5th. Scotiabank increased their price target on Enterprise Products Partners from $37.00 to $39.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Products Partners in a report on Thursday, January 22nd. Barclays lifted their price objective on shares of Enterprise Products Partners from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Enterprise Products Partners from $35.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $37.14.

View Our Latest Stock Report on EPD

Enterprise Products Partners Stock Up 0.3%

Enterprise Products Partners stock opened at $37.55 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.04 and a quick ratio of 0.74. The company’s 50-day moving average is $35.33 and its 200-day moving average is $32.96. The firm has a market capitalization of $81.18 billion, a PE ratio of 14.12, a P/E/G ratio of 1.50 and a beta of 0.58. Enterprise Products Partners has a fifty-two week low of $27.77 and a fifty-two week high of $38.22.

Enterprise Products Partners (NYSE:EPDGet Free Report) last issued its earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. The business had revenue of $13.79 billion during the quarter, compared to the consensus estimate of $12.44 billion. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.33%. Enterprise Products Partners’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. Sell-side analysts anticipate that Enterprise Products Partners will post 2.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John R. Rutherford purchased 15,000 shares of Enterprise Products Partners stock in a transaction that occurred on Monday, December 29th. The stock was acquired at an average cost of $32.09 per share, for a total transaction of $481,350.00. Following the purchase, the director directly owned 173,586 shares of the company’s stock, valued at $5,570,374.74. This trade represents a 9.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 32.60% of the company’s stock.

Institutional Investors Weigh In On Enterprise Products Partners

A number of hedge funds and other institutional investors have recently modified their holdings of EPD. PMV Capital Advisers LLC acquired a new position in shares of Enterprise Products Partners in the fourth quarter valued at about $25,000. Palisade Asset Management LLC acquired a new stake in Enterprise Products Partners in the 3rd quarter worth about $31,000. Abich Financial Wealth Management LLC acquired a new stake in Enterprise Products Partners in the 3rd quarter worth about $32,000. Texas Capital Bancshares Inc TX bought a new stake in Enterprise Products Partners in the 3rd quarter valued at about $32,000. Finally, Financial Consulate Inc. acquired a new position in shares of Enterprise Products Partners during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Key Stories Impacting Enterprise Products Partners

Here are the key news stories impacting Enterprise Products Partners this week:

About Enterprise Products Partners

(Get Free Report)

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.

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