Enterprise Products Partners L.P. (EPD) stock is expected to deviate a maximum of $2.13 from the average target price of $32.74 for the short term period. 19 Street Experts have initiated coverage on the stock with the most promising target being $36 and the most muted being $28.
Enterprise Products Partners L.P. (EPD) : 20 analysts are covering Enterprise Products Partners L.P. (EPD) and their average rating on the stock is 1.2, which is read as a Strong Buy. 18 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, In the latest statement by the brokerage house, Morgan Stanley downgrades its outlook on Enterprise Products Partners L.P. (NYSE:EPD). The current rating of the shares is Equal-weight, according to the research report released by the firm. Previously, the company had a rating of Overweight. The brokerage firm lowers the price target from $33 per share to $30 per share. The rating by the firm was issued on August 18, 2016.
Enterprise Products Partners L.P. (NYSE:EPD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.26 and $26.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.52, notching a gain of 0.45% for the day. The total traded volume was 2,886,608 . The stock had closed at $26.40 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.