Enterprise Products Partners L.P. (NYSE:EPD) has been given a $33.00 price objective by equities researchers at BMO Capital Markets in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. BMO Capital Markets’ target price points to a potential upside of 23.78% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus restated a “buy” rating and set a $30.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, September 15th. Jefferies Group LLC cut their price target on shares of Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, September 1st. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Friday, July 21st. BidaskClub upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Seaport Global Securities initiated coverage on shares of Enterprise Products Partners L.P. in a report on Tuesday. They set a “neutral” rating and a $29.00 price target for the company. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Enterprise Products Partners L.P. currently has an average rating of “Buy” and an average price target of $30.99.

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

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Several large investors have recently bought and sold shares of EPD. Ameritas Investment Partners Inc. boosted its position in shares of 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 purchasing an additional 500 shares during the period. First Financial Corp IN boosted its position in shares of 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 purchasing an additional 400 shares during the period. First Eagle Investment Management LLC purchased a new position in shares of Enterprise Products Partners L.P. during the 2nd quarter worth approximately $130,000. Camarda Financial Advisors LLC boosted its position in shares of 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 purchasing an additional 27 shares during the period. Finally, Jacobi Capital Management LLC boosted its position in shares of 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 purchasing an additional 4,760 shares during the period. 37.56% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Enterprise Products Partners L.P. (NYSE:EPD)

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