Oppenheimer Boosts Price Target on Enterprise Products Partners (EPD)

By admin | 6 years ago

Research analysts at Oppenheimer (NYSE: OPY) upped their target price on shares of Enterprise Products Partners (NYSE: EPD) to $56.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock.

Shares of Enterprise Products Partners traded down 1.05% during mid-day trading on Friday, hitting $51.92. Enterprise Products Partners has a one year low of $36.36 and a one year high of $52.95. The company has a market cap of $45.774 billion and a P/E ratio of 20.02.

Enterprise Products Partners last issued its quarterly earnings data on Wednesday, May 2nd. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.16. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts predict that Enterprise Products Partners will post $0.62 earnings per share next quarter.

EPD has been the subject of a number of other recent research reports. Analysts at Credit Suisse (NYSE: CS) initiated coverage on shares of Enterprise Products Partners in a research note to investors on Friday. They set an “outperform” rating on the stock. Separately, analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of Enterprise Products Partners in a research note to investors on Thursday. They now have a $57.00 price target on the stock, up previously from $55.00. Finally, analysts at Global Hunter Securities initiated coverage on shares of Enterprise Products Partners in a research note to investors on Tuesday, April 17th. They set an “accumulate” rating and a $53.00 price target on the stock.

Enterprise Products Partners L.P. (Enterprise) is a North American midstream energy company providing a range of services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products and certain petrochemicals.

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