In today’s session Enterprise Products Partners L.P. (EPD) registered an unusually high (1,000) 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 1,000 contracts traded and 54384 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: EPD161216C00030000 closed last at: $0.2 or 20% down. About 988,363 shares traded hands. Enterprise Products Partners L.P. (NYSE:EPD) has risen 12.09% since March 14, 2016 and is uptrending. It has outperformed by 6.48% the S&P500.
Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on November, 3. They expect $0.31 EPS, down 8.82% or $0.03 from last year’s $0.34 per share. EPD’s profit will be $642.43M for 21.52 P/E if the $0.31 EPS becomes a reality. After $0.27 actual EPS 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 25 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Mitsubishi UFG initiated the shares of EPD in a report on Thursday, March 31 with “Overweight” rating. The firm has “Equal-Weight” rating given on Thursday, August 18 by Morgan Stanley. Deutsche Bank maintained the stock with “Buy” rating in Monday, October 10 report. Morgan Stanley upgraded Enterprise Products Partners L.P. (NYSE:EPD) on Wednesday, January 20 to “Overweight” rating. As per Tuesday, August 18, the company rating was downgraded by Vetr. The firm earned “Strong-Buy” rating on Monday, August 31 by Vetr. Howard Weil initiated Enterprise Products Partners L.P. (NYSE:EPD) rating on Wednesday, January 6. Howard Weil has “Sector Outperform” rating and $31.0 price target. The rating was downgraded by Seaport Global on Friday, April 29 to “Neutral”. Argus Research maintained it with “Buy” rating and $38 target price in Tuesday, November 3 report. Mizuho initiated Enterprise Products Partners L.P. (NYSE:EPD) rating on Friday, September 30. Mizuho has “Buy” rating and $32 price target.
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 2016 Q2. Its up 0.23, from 1 in 2016Q1. The ratio is positive, 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.
Partners Grp Ag holds 0.58% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD) for 93,400 shares. Commonwealth Equity Service reported 742,831 shares or 0.18% of all its holdings. Hilton Management Ltd Liability Com owns 606,309 shares or 5.61% of their US portfolio. Nelson Van Denburg Campbell Wealth Mngmt Ltd Com last reported 0.1% of its portfolio in the stock. Credit Suisse Ag, a Switzerland-based fund reported 1.58 million shares. Third Security Ltd Liability holds 1.58% or 1.04 million shares in its portfolio. Rafferty Asset Lc holds 0.17% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD) for 83,631 shares. Bollard Group Ltd Llc, a Massachusetts-based fund reported 1.07 million shares. Winslow Evans & Crocker accumulated 0% or 134,186 shares. Suntrust Banks Inc holds 0.04% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD) for 206,664 shares. Hartford Financial Management has invested 0.73% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Moreover, First Foundation Advisors has 0.02% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 11,273 shares. Exane Derivatives holds 0% or 29 shares in its portfolio. Natl Bank Of The West accumulated 13,039 shares or 0.05% of the stock. Dearborn Prtnrs Limited Co holds 0.03% or 12,193 shares in its portfolio.
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 $55.29 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 21.37 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: Fool.com, which released: “Better Buy: Magellan Midstream Partners LP vs. Enterprise Products Partners LP” on September 28, 2016. Zacks.com‘s article titled: “Enterprise Products Partners to Hike Quarterly Distribution” and published on October 06, 2016 is yet another important article.
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