Goldman Sachs Sticks to Their Hold Rating for Enterprise Products Partners (EPD)

In a report released today, John Mackay from Goldman Sachs maintained a Hold rating on Enterprise Products Partners (EPD – Research Report). The company’s shares closed today at $29.05.

Mackay covers the Energy sector, focusing on stocks such as Energy Transfer, Enterprise Products Partners, and TC Energy. According to TipRanks, Mackay has an average return of 18.0% and a 67.35% 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 $33.00 average price target.

EPD market cap is currently $62.77B and has a P/E ratio of 11.59.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.