Enterprise Products Partners L.P. (EPD) Given “Buy” Rating at BMO Capital Markets

Enterprise Products Partners L.P. (NYSE:EPD)‘s stock had its “buy” rating reiterated by analysts at BMO Capital Markets in a report released on Tuesday. They presently have a $33.00 price objective on the oil and gas producer’s stock. BMO Capital Markets’ price objective suggests a potential upside of 35.47% from the stock’s current price.

EPD has been the subject of several other reports. Scotiabank set a $33.00 target price on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Friday, July 21st. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 target price on shares of Enterprise Products Partners L.P. in a report on Friday, August 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of Enterprise Products Partners L.P. in a report on Thursday, August 10th. BidaskClub lowered shares of Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada reduced their target price on shares of Enterprise Products Partners L.P. from $34.00 to $31.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Enterprise Products Partners L.P. has an average rating of “Buy” and an average target price of $30.86.

Enterprise Products Partners L.P. (NYSE:EPD) traded down $0.64 during midday trading on Tuesday, hitting $24.36. 4,680,200 shares of the stock traded hands, compared to its average volume of 4,638,795. Enterprise Products Partners L.P. has a 12-month low of $23.84 and a 12-month high of $30.25. The stock has a market cap of $51,320.00, a price-to-earnings ratio of 19.68, a P/E/G ratio of 3.74 and a beta of 0.92. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 0.96.

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In other news, Director Carin Marcy Barth bought 12,000 shares of the stock in a transaction dated Monday, November 6th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $300,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 37.50% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vident Investment Advisory LLC bought a new position in shares of Enterprise Products Partners L.P. during the 3rd quarter valued at approximately $247,000. Cohen & Steers Inc. boosted its position in shares of Enterprise Products Partners L.P. by 1.0% during the 3rd quarter. Cohen & Steers Inc. now owns 2,060,655 shares of the oil and gas producer’s stock valued at $53,721,000 after acquiring an additional 20,750 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Enterprise Products Partners L.P. by 18.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 96,047 shares of the oil and gas producer’s stock valued at $2,504,000 after acquiring an additional 15,069 shares during the last quarter. Payden & Rygel boosted its position in shares of Enterprise Products Partners L.P. by 1.2% during the 3rd quarter. Payden & Rygel now owns 701,200 shares of the oil and gas producer’s stock valued at $18,280,000 after acquiring an additional 8,500 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Enterprise Products Partners L.P. by 9.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 90,350 shares of the oil and gas producer’s stock valued at $2,356,000 after acquiring an additional 7,468 shares during the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

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.

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

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