Media headlines about Enterprise Products Partners L.P. (NYSE:EPD) have been trending somewhat positive this week, according to AlphaOne. AlphaOne, a service of Accern, rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Enterprise Products Partners L.P. earned a news impact score of 0.11 on AlphaOne’s scale. AlphaOne also gave media coverage about the oil and gas producer an impact score of 82 out of 100, meaning that recent media coverage is very likely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted AlphaOne Sentiment’s rankings:
- What Williams Companies’ Current Valuation Suggests (finance.yahoo.com)
- Most Analysts Rate Williams Companies A ‘Buy’ (finance.yahoo.com)
- Intellectus Partners LLC Boosts Position in Enterprise Products Partners LP (EPD) (eleganthomesinla.com)
- Enterprise Products Partners L.P. (EPD) Upgraded to “Overweight” at Morgan Stanley (americanbankingnews.com)
- Why Enterprise Products Partners LP Is a Dividend Investor’s Dream – Motley Fool (fool.com)
Several research firms have recently weighed in on EPD. BMO Capital Markets set a $33.00 target price on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Monday, June 5th. Vetr raised shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price target for the company in a report on Monday, April 24th. Sanford C. Bernstein assumed coverage on shares of Enterprise Products Partners L.P. in a report on Tuesday, May 16th. They issued an “outperform” rating for the company. Macquarie reissued an “outperform” rating and issued a $32.00 price target on shares of Enterprise Products Partners L.P. in a report on Friday, April 21st. Finally, Morgan Stanley raised shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $26.37 to $26.50 in a report on Thursday. Seventeen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Enterprise Products Partners L.P. has a consensus rating of “Buy” and a consensus price target of $32.00.
Shares of Enterprise Products Partners L.P. (EPD) traded up 0.45% during midday trading on Friday, reaching $26.82. 5,646,020 shares of the company’s stock traded hands. Enterprise Products Partners L.P. has a 52 week low of $24.01 and a 52 week high of $30.25. The stock’s 50 day moving average is $26.96 and its 200-day moving average is $27.33. The company has a market capitalization of $57.30 billion, a PE ratio of 21.72 and a beta of 0.91.
Enterprise Products Partners L.P. (NYSE:EPD) last announced its quarterly earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. Enterprise Products Partners L.P. had a return on equity of 11.73% and a net margin of 10.31%. The business had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter last year, the business posted $0.33 earnings per share. The business’s revenue for the quarter was up 46.3% on a year-over-year basis. On average, analysts forecast that Enterprise Products Partners L.P. will post $1.42 earnings per share for the current fiscal year.
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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