Enterprise Products Partners L.P. (EPD) : Zacks Investment Research ranks Enterprise Products Partners L.P. (EPD) as 3, which is a Hold recommendation. 18 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 20 research analysts is 1.13, which indicates as a Strong Buy.
Enterprise Products Partners L.P. (EPD) : 19 Wall Street analysts covering Enterprise Products Partners L.P. (EPD) believe that the average level the stock could reach for the short term is $33.47. The maximum price target given is $44 and the minimum target for short term is around $28, hence the standard deviation is calculated at $3.24.
For the current week, the company shares have a recommendation consensus of Buy. Enterprise Products Partners L.P. (NYSE:EPD): The stock opened at $27.04 on Thursday but the bulls could not build on the opening and the stock topped out at $27.31 for the day. The stock traded down to $26.93 during the day, due to lack of any buying support eventually closed down at $26.94 with a loss of -0.07% for the day. The stock had closed at $26.96 on the previous day. The total traded volume was 3,341,823 shares.
In a related news, Williams Randa Duncan, director 10% owner of Enterprise Products Partners L P, had purchased 10,000 shares on March 8, 2016. The total value of the transaction was $240,000. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.