Enterprise Products Partners L.P. (NYSE:EPD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “Enterprise Products Partners’ escalating debt since 2012 reflects its weak balance sheet. We are also concerned about Enterprise Products’ rising operating costs. Though we believe that the partnership possesses solid cash flow stability from quality pipeline and storage assets and geographic diversity, volume risk and commodity price exposure can negatively impact near-term results. We remain apprehensive about a volatile NGL pricing environment. Enterprise Products also remains vulnerable to macro conditions and unstable oil & gas prices, which could hurt its margins in NGL, natural gas and other business.”

Several other equities research analysts also recently commented on EPD. BidaskClub raised shares of Enterprise Products Partners L.P. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. BMO Capital Markets reaffirmed a “buy” rating and issued a $33.00 target price on shares of Enterprise Products Partners L.P. in a research note on Wednesday, July 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, July 14th. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Barclays PLC reiterated an “overweight” rating and issued a $31.00 price target (down previously from $33.00) on shares of Enterprise Products Partners L.P. in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned 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 $30.99.

Enterprise Products Partners L.P. (NYSE:EPD) traded down 0.209% during trading on Tuesday, reaching $26.275. 1,277,557 shares of the company were exchanged. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25. The firm has a 50-day moving average of $26.14 and a 200-day moving average of $26.74. The firm has a market cap of $56.44 billion, a price-to-earnings ratio of 20.673 and a beta of 0.91.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The firm had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the previous year, the company posted $0.27 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities analysts forecast that Enterprise Products Partners L.P. will post $1.34 EPS for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tortoise Capital Advisors L.L.C. boosted its holdings in Enterprise Products Partners L.P. by 3.9% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 41,667,941 shares of the oil and gas producer’s stock worth $1,128,368,000 after purchasing an additional 1,573,553 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its holdings in Enterprise Products Partners L.P. by 3.3% during the first quarter. Kayne Anderson Capital Advisors LP now owns 32,686,057 shares of the oil and gas producer’s stock worth $902,446,000 after purchasing an additional 1,044,310 shares during the last quarter. Fayez Sarofim & Co. boosted its holdings in Enterprise Products Partners L.P. by 1.4% during the second quarter. Fayez Sarofim & Co. now owns 19,351,983 shares of the oil and gas producer’s stock worth $524,052,000 after purchasing an additional 268,191 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Enterprise Products Partners L.P. by 7.6% during the second quarter. Neuberger Berman Group LLC now owns 19,163,137 shares of the oil and gas producer’s stock worth $518,938,000 after purchasing an additional 1,357,877 shares during the last quarter. Finally, Fayez Sarofim & Co boosted its holdings in Enterprise Products Partners L.P. by 0.6% during the first quarter. Fayez Sarofim & Co now owns 19,083,792 shares of the oil and gas producer’s stock worth $526,904,000 after purchasing an additional 109,422 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

Enterprise Products Partners L.P. Company Profile

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.

Analyst Recommendations for Enterprise Products Partners L.P. (NYSE:EPD)

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