Shares of Enterprise Products Partners L.P. (NYSE:EPD) have been assigned an average recommendation of “Buy” from the seventeen research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $30.69.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Enterprise Products Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Royal Bank of Canada decreased their target price on Enterprise Products Partners from $34.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. Tudor Pickering upgraded Enterprise Products Partners from a “hold” rating to a “buy” rating in a report on Wednesday, December 13th. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 price objective on shares of Enterprise Products Partners in a report on Sunday, October 22nd. Finally, Mizuho set a $31.00 price objective on Enterprise Products Partners and gave the company a “buy” rating in a report on Sunday, October 15th.

Enterprise Products Partners (EPD) opened at $26.00 on Thursday. The stock has a market capitalization of $57,074.28, a PE ratio of 20.80, a PEG ratio of 3.97 and a beta of 0.89. Enterprise Products Partners has a 12-month low of $23.59 and a 12-month high of $30.25. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.96.

In other news, Director Carin Marcy Barth bought 12,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $300,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Aj Teague bought 8,250 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was purchased at an average price of $24.26 per share, for a total transaction of $200,145.00. The disclosure for this purchase can be found here. Insiders own 37.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Day & Ennis LLC lifted its stake in Enterprise Products Partners by 0.3% in the 2nd quarter. Day & Ennis LLC now owns 8,084 shares of the oil and gas producer’s stock valued at $219,000 after acquiring an additional 27 shares in the last quarter. CFO4Life Group LLC lifted its stake in Enterprise Products Partners by 0.3% in the 2nd quarter. CFO4Life Group LLC now owns 13,894 shares of the oil and gas producer’s stock valued at $376,000 after acquiring an additional 47 shares in the last quarter. BSW Wealth Partners lifted its stake in Enterprise Products Partners by 0.9% in the 2nd quarter. BSW Wealth Partners now owns 7,763 shares of the oil and gas producer’s stock valued at $210,000 after acquiring an additional 70 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in Enterprise Products Partners by 0.8% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 9,163 shares of the oil and gas producer’s stock valued at $248,000 after acquiring an additional 70 shares in the last quarter. Finally, WealthTrust Axiom LLC lifted its stake in Enterprise Products Partners by 0.3% in the 2nd quarter. WealthTrust Axiom LLC now owns 31,142 shares of the oil and gas producer’s stock valued at $843,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

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About Enterprise Products Partners

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 (NYSE:EPD)

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