Enterprise Products Partners L.P. (NYSE:EPD) had its price objective cut by investment analysts at Royal Bank Of Canada from $34.00 to $31.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has an “outperform” rating on the oil and gas producer’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 26.53% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Sanford C. Bernstein restated an “outperform” rating on shares of Enterprise Products Partners L.P. in a research report on Thursday, August 10th. BidaskClub upgraded shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. 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 report on Wednesday, July 12th. Finally, Stifel Nicolaus restated a “buy” rating and set a $33.00 target price on shares of Enterprise Products Partners L.P. in a research report on Friday, July 14th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $30.99.

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

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Day & Ennis LLC boosted its position in shares of Enterprise Products Partners L.P. by 0.3% during the 1st quarter. Day & Ennis LLC now owns 8,057 shares of the oil and gas producer’s stock worth $222,000 after acquiring an additional 26 shares in the last quarter. 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 acquiring an additional 27 shares in the last quarter. Focused Wealth Management Inc boosted its position in shares of Enterprise Products Partners L.P. by 0.3% during the 1st quarter. Focused Wealth Management Inc now owns 11,788 shares of the oil and gas producer’s stock worth $325,000 after acquiring an additional 33 shares in the last quarter. Patten & Patten Inc. TN boosted its position in shares of Enterprise Products Partners L.P. by 0.5% during the 2nd quarter. Patten & Patten Inc. TN now owns 9,487 shares of the oil and gas producer’s stock worth $257,000 after acquiring an additional 44 shares in the last quarter. Finally, CFO4Life Group LLC boosted its position in shares of Enterprise Products Partners L.P. by 0.3% during the 2nd quarter. CFO4Life Group LLC now owns 13,894 shares of the oil and gas producer’s stock worth $376,000 after acquiring an additional 47 shares in the last quarter. Institutional investors and hedge funds own 37.48% of the company’s stock.

Enterprise Products Partners L.P. Company Profile

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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