Traders sold shares of Enterprise Products Partners L.P. (NYSE:EPD) on strength during trading hours on Wednesday. $23.53 million flowed into the stock on the tick-up and $81.84 million flowed out of the stock on the tick-down, for a money net flow of $58.31 million out of the stock. Of all stocks tracked, Enterprise Products Partners L.P. had the 10th highest net out-flow for the day. Enterprise Products Partners L.P. traded up $0.30 for the day and closed at $26.80

Several equities research analysts recently weighed in on the company. BMO Capital Markets restated a “buy” rating and set a $33.00 target price on shares of Enterprise Products Partners L.P. in a research note on Wednesday, July 12th. Scotiabank set a $33.00 price objective on Enterprise Products Partners L.P. and gave the company a “buy” rating in a research note on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Friday, August 11th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Enterprise Products Partners L.P. in a research note on Thursday, August 10th. Finally, BidaskClub cut Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $30.99.

The stock has a market capitalization of $57.57 billion, a P/E ratio of 21.09 and a beta of 0.90. The firm’s 50 day moving average price is $26.06 and its 200 day moving average price is $26.75.

Enterprise Products Partners L.P. (NYSE:EPD) last released its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. The firm had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the prior year, the business earned $0.27 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. On average, equities analysts expect that Enterprise Products Partners L.P. will post $1.34 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in EPD. Ameritas Investment Partners Inc. lifted its holdings in Enterprise Products Partners L.P. by 14.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 500 shares during the last quarter. First Financial Corp IN lifted its holdings in Enterprise Products Partners L.P. by 11.1% during the 2nd quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 400 shares during the last quarter. First Eagle Investment Management LLC bought a new position in Enterprise Products Partners L.P. during the 2nd quarter worth approximately $130,000. Camarda Financial Advisors LLC lifted its holdings in Enterprise Products Partners L.P. by 0.6% during the 2nd quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after buying an additional 27 shares during the last quarter. Finally, Jacobi Capital Management LLC lifted its holdings in Enterprise Products Partners L.P. by 690.9% during the 2nd quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock worth $148,000 after buying an additional 4,760 shares during the last quarter. 37.56% of the stock is currently owned by institutional investors.

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About Enterprise Products Partners L.P.

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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