In a report released today, Jean Ann Salisbury from Bernstein maintained a Buy rating on Enterprise Products Partners (EPD – Research Report), with a price target of $32.00. The company’s shares closed yesterday at $27.85.
Ann Salisbury covers the Energy sector, focusing on stocks such as Cheniere Energy, Cheniere Energy Partners, and Energy Transfer. According to TipRanks, Ann Salisbury has an average return of 20.5% and a 71.43% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enterprise Products Partners with a $32.45 average price target, representing a 16.52% upside. In a report released on February 22, Scotiabank also maintained a Buy rating on the stock with a $31.00 price target.
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The company has a one-year high of $28.05 and a one-year low of $22.88. Currently, Enterprise Products Partners has an average volume of 5M.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EPD in relation to earlier this year.
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Enterprise Products Partners (EPD) Company Description:
Texas-based Enterprise Products Partners LP is a leading North American provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products and petrochemicals. The company operates through the following business segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
Read More on EPD:
- Enterprise acquires JV interests from Western Midstream for $375M
- Enterprise Products Appoints New Executive VP and CFO
- Appaloosa takes new position in Oracle, boosts Amazon, Microsoft stakes
- ET, EPD: 2 High-Yield Dividend Stocks Analysts Love
- Enterprise Products price target raised to $32 from $31 at Wells Fargo
