Analyst Rating Update on Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : The consensus on Enterprise Products Partners L.P. (EPD) based on 20 analyst recommendation on the company stock is 1.13, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 18 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Enterprise Products Partners L.P. (EPD) : Currently there are 18 street experts covering Enterprise Products Partners L.P. (EPD) stock. The most bullish and bearish price target for the stock is $44 and $29 respectively for the short term. The average price target of all the analysts comes to $33.67. The estimated standard deviation from the target is $3.03.

For the current week, the company shares have a recommendation consensus of Buy. Also, Bernstein initiates coverage on Enterprise Products Partners L.P. (NYSE:EPD) The current rating of the shares is Outperform. Equity Analysts at the Firm announces the price target to $33 per share. The rating by the firm was issued on May 11, 2016.


Enterprise Products Partners L.P. (NYSE:EPD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.80 and $26.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.30, notching a gain of 1.52% for the day. The total traded volume was 9,032,755 . The stock had closed at $26.89 on the previous day.

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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