Enterprise Products Partners (EPD) Receives a Rating Update from a Top Analyst

In a report released yesterday, Elvira Scotto from RBC Capital maintained a Buy rating on Enterprise Products Partners (EPD – Research Report), with a price target of $35.00. The company’s shares closed yesterday at $29.00.

According to TipRanks, Scotto is a top 100 analyst with an average return of 18.0% and a 64.42% success rate. Scotto covers the Energy sector, focusing on stocks such as Archrock, Cheniere Energy, and Cheniere Energy Partners.

Currently, the analyst consensus on Enterprise Products Partners is a Strong Buy with an average price target of $33.09, a 14.10% upside from current levels. In a report released on April 12, J.P. Morgan also maintained a Buy rating on the stock with a $33.00 price target.

The company has a one-year high of $29.99 and a one-year low of $23.81. Currently, Enterprise Products Partners has an average volume of 4.83M.

Based on the recent corporate insider activity of 22 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.