Enterprise Products Partners (EPD) Rating Reiterated by Jefferies Group

Enterprise Products Partners (NYSE:EPD)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group in a report issued on Friday. They presently have a $31.00 price target on the oil and gas producer’s stock. Jefferies Group’s target price would suggest a potential upside of 7.34% from the company’s previous close. Jefferies Group also issued estimates for Enterprise Products Partners’ Q4 2017 earnings at $0.35 EPS and FY2017 earnings at $1.29 EPS.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada decreased their price target on shares of Enterprise Products Partners from $34.00 to $31.00 and set an “outperform” rating for the company in a research note on Tuesday, October 31st. BMO Capital Markets reiterated a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners in a research note on Tuesday, November 14th. Bank of America began coverage on shares of Enterprise Products Partners in a research note on Tuesday, January 9th. They set a “buy” rating for the company. Mizuho set a $31.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research note on Sunday, October 15th. Finally, Seaport Global Securities began coverage on shares of Enterprise Products Partners in a research note on Tuesday, October 10th. They set a “neutral” rating and a $29.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $30.99.

Shares of Enterprise Products Partners (EPD) opened at $28.88 on Friday. The firm has a market cap of $62,060.00, a price-to-earnings ratio of 26.02, a P/E/G ratio of 3.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.48 and a current ratio of 0.71. Enterprise Products Partners has a 52 week low of $23.59 and a 52 week high of $30.25.

In other news, CEO Aj Teague bought 11,300 shares of Enterprise Products Partners stock in a transaction dated Wednesday, December 27th. The stock was bought at an average price of $26.47 per share, for a total transaction of $299,111.00. Following the purchase, the chief executive officer now owns 1,474,183 shares of the company’s stock, valued at $39,021,624.01. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Carin Marcy Barth bought 12,000 shares of Enterprise Products Partners stock in a transaction dated Monday, November 6th. The stock was purchased at an average price of $25.00 per share, with a total value of $300,000.00. The disclosure for this purchase can be found here. Insiders bought a total of 31,550 shares of company stock valued at $799,256 in the last 90 days. Company insiders own 37.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Narwhal Capital Management increased its holdings in shares of Enterprise Products Partners by 4.6% in the 3rd quarter. Narwhal Capital Management now owns 106,325 shares of the oil and gas producer’s stock valued at $2,772,000 after purchasing an additional 4,700 shares in the last quarter. Vaughan David Investments Inc. IL increased its holdings in shares of Enterprise Products Partners by 471.1% in the 3rd quarter. Vaughan David Investments Inc. IL now owns 349,504 shares of the oil and gas producer’s stock valued at $21,124,000 after purchasing an additional 288,304 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Enterprise Products Partners by 3.8% in the 3rd quarter. Moors & Cabot Inc. now owns 319,218 shares of the oil and gas producer’s stock valued at $8,314,000 after purchasing an additional 11,685 shares in the last quarter. Commonwealth Equity Services Inc increased its holdings in shares of Enterprise Products Partners by 1.7% in the 3rd quarter. Commonwealth Equity Services Inc now owns 811,121 shares of the oil and gas producer’s stock valued at $21,145,000 after purchasing an additional 13,461 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of Enterprise Products Partners by 12.2% in the 3rd quarter. Macquarie Group Ltd. now owns 1,148,228 shares of the oil and gas producer’s stock valued at $29,935,000 after purchasing an additional 125,100 shares in the last quarter. Institutional investors own 37.56% of the company’s stock.

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Enterprise Products Partners 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 (NYSE:EPD)

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