Enterprise Products Partners L.P. (EPD): Price Target and June Short Interest Disclosure

Enterprise Products Partners L.P. (EPD) : 18 investment research analysts covering Enterprise Products Partners L.P. (EPD) have an average price target of $32.94 for the near short term. The highest target price given by the Brokerage Firm to the stock is $44 and the lowest target is $29 for the short term. Analysts expect the variance to be within $3.39 of the average price.

Enterprise Products Partners L.P. (EPD) stated loss of 2,268,956 shares or 22.6% in the short interest. The short interest registered from 10,061,840 on June 15,2016 to 7,792,884 on June 30,2016. In terms of floated shares, the shorted positions stood at 0.6%. The stock has been averaging 4,226,217 shares daily in trading and would need 2 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Bernstein initiates coverage on Enterprise Products Partners L.P. (NYSE:EPD) In a research note issued to the investors, the brokerage major announces price-target of $33 per share.The shares have been rated Outperform. The rating by the firm was issued on May 11, 2016.


Enterprise Products Partners L.P. (NYSE:EPD): On Thursdays trading session , Opening price of the stock was $29.9 with an intraday high of $30.105. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $29.54. However, the stock managed to close at $29.59, a loss of 0.24% for the day. On the previous day, the stock had closed at $29.66. The total traded volume of the day was 4,364,060 shares.

Enterprise Products Partners L.P. is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products. The Company operates in five segments: NGL Pipelines & Services segment includes its natural gas processing plants and related NGL marketing activities; Onshore Natural Gas Pipelines & Services segment includes approximately 19,300 miles of onshore natural gas pipeline systems; Onshore Crude Oil Pipelines & Services segment includes approximately 5,400 miles of onshore crude oil pipelines, crude oil storage terminals; Offshore Pipelines & Services segment serves drilling and development regions, including deepwater production fields and Petrochemical & Refined Products Services segment includes propylene fractionation and related operations, including approximately 680 miles of pipelines. Its asset portfolio includes 24 natural gas processing plants and 22 NGL and propylene fractionators.

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