Can Enterprise Products Partners L.P.’s Tomorrow Be Different? Option Trader Are Very Bullish

 Can Enterprise Products Partners L.P.'s Tomorrow Be Different? Option Trader Are Very Bullish

In today’s session Enterprise Products Partners L.P. (EPD) registered an unusually high (3,509) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious EPD increase. With 3,509 contracts traded and 25154 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: EPD161216C00029000 closed last at: $0.5 or 11.1% up. About 945,207 shares traded hands. Enterprise Products Partners L.P. (NYSE:EPD) has risen 12.56% since March 2, 2016 and is uptrending. It has outperformed by 4.30% the S&P500.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on November, 3. They expect $0.31 earnings per share, down 8.82% or $0.03 from last year’s $0.34 per share. EPD’s profit will be $632.67 million for 21.70 P/E if the $0.31 EPS becomes a reality. After $0.27 actual earnings per share reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts 14.81% EPS growth.

Enterprise Products Partners L.P. (NYSE:EPD) Ratings Coverage

Out of 18 analysts covering Enterprise Products Partners LP (NYSE:EPD), 16 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 89% are positive. Enterprise Products Partners LP has been the topic of 24 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Thursday, March 17 the stock rating was downgraded by Credit Suisse to “Neutral”. The rating was downgraded by Seaport Global to “Neutral” on Friday, April 29. The rating was maintained by Citigroup on Tuesday, April 19 with “Buy”. The stock has “Equal-Weight” rating given by Morgan Stanley on Thursday, August 18. Howard Weil initiated the shares of EPD in a report on Wednesday, January 6 with “Sector Outperform” rating. Credit Suisse upgraded it to “Outperform” rating and $34 target price in Monday, September 19 report. DA Davidson initiated the shares of EPD in a report on Thursday, July 23 with “Buy” rating. The firm has “Overweight” rating given on Wednesday, January 20 by Morgan Stanley. The firm earned “Strong-Buy” rating on Monday, August 31 by Vetr. The firm earned “Overweight” rating on Thursday, March 31 by Mitsubishi UFG.

According to Zacks Investment Research, “Enterprise Products Partners L.P. is a leading integrated provider of processing and transportation services to producers of Natural Gas Liquids (NGLs) and consumers of NGL products. The Company fractionates for a processing fee mixed NGLs produced as by-products of oil and natural gas production into their component products: ethane, propane, isobutane, normal butane and natural gasoline; converts normal butane to isobutane through the process of isomerization; produces MTBE from isobutane and methanol; and transports NGL products to end users by pipeline and railcar.”

Insitutional Activity: The institutional sentiment increased to 1.23 in Q2 2016. Its up 0.23, from 1 in 2016Q1. The ratio increased, as 44 funds sold all Enterprise Products Partners L.P. shares owned while 233 reduced positions. 84 funds bought stakes while 257 increased positions. They now own 687.25 million shares or 3.25% less from 710.31 million shares in 2016Q1.
Inverness Counsel Lc Ny holds 0.32% or 140,240 shares in its portfolio. Moors And Cabot Inc accumulated 361,375 shares or 1.86% of the stock. The Massachusetts-based Winslow Evans And Crocker has invested 0% in Enterprise Products Partners L.P. (NYSE:EPD). Adell Harriman & Carpenter holds 0% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD) for 370,503 shares. Moreover, Lucas has 0.51% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 24,746 shares. Moreover, Reilly Advisors Ltd Liability Co has 0.02% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 2,955 shares. Brick Kyle Associates holds 0.12% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD) for 4,858 shares. Arcadia Inv Mngmt Mi has 42,837 shares for 0.41% of their US portfolio. The Connecticut-based Bourgeon Capital Mgmt Lc has invested 1.1% in Enterprise Products Partners L.P. (NYSE:EPD). Perkins Coie accumulated 0% or 150 shares. Huntington Steele Limited Company accumulated 226,341 shares or 2.48% of the stock. Guardian Ltd Partnership last reported 367,174 shares in the company. Ct Mason has invested 3.08% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Groesbeck Management Corporation Nj last reported 23,869 shares in the company. Brookfield Asset Mgmt Incorporated has invested 0.93% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD).

Enterprise Products Partners L.P. is a well-known provider of midstream energy services to producers and clients of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The company has a market cap of $54.92 billion. The Company’s divisions include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. It has a 21.55 P/E ratio.

EPD Company Profile

Enterprise Products Partners L.P. (Enterprise), incorporated on April 9, 1998, is a well-known provider of midstream energy services to producers and clients of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s divisions include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The Company’s midstream energy activities include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals, including liquefied petroleum gas (LPG); crude oil gathering, transportation, storage and terminals; offshore production platforms; petrochemical and refined products transportation, storage and terminals, and related services, and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico.

More news for Enterprise Products Partners L.P. (NYSE:EPD) were recently published by: Seekingalpha.com, which released: “Is It Time To Consider Enterprise Products Partners?” on October 03, 2016. Fool.com‘s article titled: “Better Buy: Magellan Midstream Partners LP vs. Enterprise Products Partners LP” and published on September 28, 2016 is yet another important article.

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