Analysts at Evercore ISI began coverage on shares of Enterprise Products Partners L.P. (NYSE:EPD) in a report issued on Thursday. The firm set a “buy” rating and a $30.00 price target on the stock. Evercore ISI’s price target indicates a potential upside of 15.34% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Vetr lowered shares of Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $29.70 target price for the company. in a research report on Monday, September 5th. Wunderlich cut their target price on shares of Enterprise Products Partners L.P. from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, August 31st. Morgan Stanley lowered shares of Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $33.00 to $30.00 in a research report on Thursday, August 18th. Credit Suisse Group AG set a $34.00 price objective on shares of Enterprise Products Partners L.P. and gave the company a “hold” rating in a research report on Thursday, August 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, July 29th. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Enterprise Products Partners L.P. presently has a consensus rating of “Buy” and an average price target of $31.85.

Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.01 on Thursday. Enterprise Products Partners L.P. has a 52 week low of $19.00 and a 52 week high of $30.11. The firm has a 50-day moving average price of $27.11 and a 200-day moving average price of $26.76. The firm has a market capitalization of $54.40 billion, a P/E ratio of 20.77 and a beta of 0.92.

Enterprise Products Partners L.P. (NYSE:EPD) last released its earnings results on Thursday, July 28th. The company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.04. The firm had revenue of $5.62 billion for the quarter, compared to analyst estimates of $5.62 billion. Enterprise Products Partners L.P. had a return on equity of 12.45% and a net margin of 11.06%. The firm’s revenue was down 20.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. Equities analysts forecast that Enterprise Products Partners L.P. will post $1.25 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. ING Groep NV raised its position in shares of Enterprise Products Partners L.P. by 186.4% in the first quarter. ING Groep NV now owns 12,023,135 shares of the company’s stock valued at $295,889,000 after buying an additional 7,825,356 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Enterprise Products Partners L.P. during the second quarter valued at $204,184,000. Toronto Dominion Bank raised its position in shares of Enterprise Products Partners L.P. by 733.3% in the second quarter. Toronto Dominion Bank now owns 4,217,425 shares of the company’s stock valued at $123,402,000 after buying an additional 3,711,300 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of Enterprise Products Partners L.P. during the second quarter valued at $103,798,000. Finally, Harvest Fund Advisors LLC raised its position in shares of Enterprise Products Partners L.P. by 4.8% in the first quarter. Harvest Fund Advisors LLC now owns 37,709,426 shares of the company’s stock valued at $928,406,000 after buying an additional 1,729,386 shares in the last quarter. 35.68% of the stock is currently owned by institutional investors and hedge funds.

About Enterprise Products Partners L.P.

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.

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