Enterprise Products Partners L.P. (EPD) : During the past 4 weeks, traders have been relatively bearish on Enterprise Products Partners L.P. (EPD), hence the stock is down -9.53% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.44% relative to the S&P 500. The 4-week change in the price of the stock is -9.18% and the stock has fallen -1.47% in the past 1 week.
Enterprise Products Partners L.P. has dropped 2.05% during the last 3-month period . Year-to-Date the stock performance stands at 4.81%. The stock has recorded a 20-day Moving Average of 3.13% and the 50-Day Moving Average is 5.43%.
Enterprise Products Partners L.P. (NYSE:EPD): The stock opened at $26.95 on Friday but the bulls could not build on the opening and the stock topped out at $27.25 for the day. The stock traded down to $26.47 during the day, due to lack of any buying support eventually closed down at $26.81 with a loss of -0.78% for the day. The stock had closed at $27.02 on the previous day. The total traded volume was 7,447,277 shares.
Also, Morgan Stanley downgrades its rating on Enterprise Products Partners L.P. (NYSE:EPD). The global brokerage major lowers the current price target from $33 per share to $30 per share. Analysts at the Morgan Stanley have a current rating of Equal-weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on August 18, 2016.
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.