The stock of Enterprise Products Partners L.P. (NYSE:EPD) is a huge mover today! About 1.75 million shares traded hands. Enterprise Products Partners L.P. (NYSE:EPD) has risen 12.97% since March 11, 2016 and is uptrending. It has outperformed by 7.51% the S&P500.
The move comes after 6 months negative chart setup for the $56.01B company. It was reported on Oct, 14 by Barchart.com. We have $25.18 PT which if reached, will make NYSE:EPD worth $3.36 billion less.
Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on November, 3. They expect $0.31 earnings per share, down 8.82% or $0.03 from last year’s $0.34 per share. EPD’s profit will be $648.12 million for 21.60 P/E if the $0.31 EPS becomes a reality. After $0.27 actual earnings per share reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts 14.81% EPS growth.
Enterprise Products Partners L.P. (NYSE:EPD) Ratings Coverage
Out of 18 analysts covering Enterprise Products Partners LP (NYSE:EPD), 16 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 89% are positive. Enterprise Products Partners LP has been the topic of 25 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Wednesday, November 18 the stock rating was maintained by Deutsche Bank with “Buy”. The stock has “Buy” rating given by Argus Research on Tuesday, November 3. The stock of Enterprise Products Partners L.P. (NYSE:EPD) has “Overweight” rating given on Friday, April 1 by Piper Jaffray. Credit Suisse downgraded the shares of EPD in a report on Thursday, March 17 to “Neutral” rating. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, January 20. The company was downgraded on Tuesday, August 18 by Vetr. The stock of Enterprise Products Partners L.P. (NYSE:EPD) has “Buy” rating given on Friday, September 30 by Mizuho. Deutsche Bank maintained Enterprise Products Partners L.P. (NYSE:EPD) on Monday, October 10 with “Buy” rating. On Friday, September 16 the stock rating was initiated by Evercore with “Buy”. The firm has “Buy” rating by Wunderlich given on Wednesday, August 31.
According to Zacks Investment Research, “Enterprise Products Partners L.P. is a leading integrated provider of processing and transportation services to producers of Natural Gas Liquids (NGLs) and consumers of NGL products. The Company fractionates for a processing fee mixed NGLs produced as by-products of oil and natural gas production into their component products: ethane, propane, isobutane, normal butane and natural gasoline; converts normal butane to isobutane through the process of isomerization; produces MTBE from isobutane and methanol; and transports NGL products to end users by pipeline and railcar.”
Insitutional Activity: The institutional sentiment increased to 1.23 in Q2 2016. Its up 0.23, from 1 in 2016Q1. The ratio is positive, as 44 funds sold all Enterprise Products Partners L.P. shares owned while 233 reduced positions. 84 funds bought stakes while 257 increased positions. They now own 687.25 million shares or 3.25% less from 710.31 million shares in 2016Q1.
The Illinois-based Perkins Invest Mgmt Limited Liability Corp has invested 0.04% in Enterprise Products Partners L.P. (NYSE:EPD). First Dallas Securities Inc last reported 13,146 shares in the company. Capital Inv Advisors Limited holds 94,468 shares or 0.26% of its portfolio. Boys Arnold, a North Carolina-based fund reported 31,225 shares. Webster Comml Bank N A has 0.04% invested in the company for 8,634 shares. Kcm Advsrs Ltd Com holds 0.08% or 41,051 shares in its portfolio. Seaward Mngmt L P, a Massachusetts-based fund reported 28,200 shares. Moreover, Royal National Bank & Trust Of Canada has 0.09% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 5.13M shares. Parametric Port Assoc Limited Liability Corp, a Washington-based fund reported 1.37 million shares. Buckingham Asset Mgmt Lc last reported 0.24% of its portfolio in the stock. Third Security Ltd Liability owns 1.04 million shares or 1.58% of their US portfolio. Northeast has 7,076 shares for 0.02% of their US portfolio. State Treasurer State Of Michigan holds 0.09% or 373,000 shares in its portfolio. Thrivent Financial For Lutherans accumulated 0% or 1,166 shares. Burney Com reported 34,842 shares or 0.07% of all its holdings.
Another recent and important Enterprise Products Partners L.P. (NYSE:EPD) news was published by Fool.com which published an article titled: “Better Buy: Magellan Midstream Partners LP vs. Enterprise Products Partners LP” on September 28, 2016.
EPD Company Profile
Enterprise Products Partners L.P. (Enterprise), incorporated on April 9, 1998, is a well-known provider of midstream energy services to producers and clients of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s divisions include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The Company’s midstream energy activities include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals, including liquefied petroleum gas (LPG); crude oil gathering, transportation, storage and terminals; offshore production platforms; petrochemical and refined products transportation, storage and terminals, and related services, and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.