Enterprise Products Partners L.P. (EPD) was Initiated by Mizuho to “Buy” and the brokerage firm has set the Price Target at $32. Mizuho advised their investors in a research report released on Sep 30, 2016.
Many Wall Street Analysts have commented on Enterprise Products Partners L.P.. Enterprise Products Partners L.P. was Upgraded by Credit Suisse to ” Outperform” on Sep 19, 2016. Shares were Reiterated by Wunderlich on Aug 31, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $33 .Enterprise Products Partners L.P. was Downgraded by Morgan Stanley to ” Equal-Weight” on Aug 18, 2016.
On the company’s financial health, Enterprise Products Partners L.P. reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.31. The company had revenue of $5617.80 million for the quarter, compared to analysts expectations of $5756.71 million. The company’s revenue was down -20.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.34 EPS.
Enterprise Products Partners L.P. closed down -0.19 points or -0.70% at $26.93 with 21,50,358 shares getting traded on Tuesday. Post opening the session at $26.9, the shares hit an intraday low of $26.73 and an intraday high of $27.16 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Feb 17, 2016, Carin Marcy Barth (director) purchased 5,000 shares at $20.52 per share price. According to the SEC, on Feb 11, 2016, William C Montgomery (director) purchased 10,000 shares at $19.69 per share price. On Dec 22, 2015, Thurmon Andress (director) purchased 2,500 shares at $25.10 per share price, according to the Form-4 filing with the securities and exchange commission.
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 19300 miles of onshore natural gas pipeline systems; Onshore Crude Oil Pipelines & Services segment includes approximately 5400 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.