Traders See Bullish Options Activity Enterprise Products Partners L.P.

 Traders See Bullish Options Activity Enterprise Products Partners L.P.

In today’s session Enterprise Products Partners L.P. (EPD) registered an unusually high (15,176) 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 15,176 contracts traded and 158194 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: EPD161216C00025000 closed last at: $1.1 or 4.3% down. The stock increased 0.27% or $0.07 on November 23, hitting $25.73. About 3.18 million shares traded hands. Enterprise Products Partners L.P. (NYSE:EPD) has declined 5.75% since April 22, 2016 and is downtrending. It has underperformed by 11.16% the S&P500.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on January, 26. They expect $0.31 earnings per share, down 11.43% or $0.04 from last year’s $0.35 per share. EPD’s profit will be $653.37M for 20.75 P/E if the $0.31 EPS becomes a reality. After $0.30 actual earnings per share reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts 3.33% EPS growth.

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

Out of 19 analysts covering Enterprise Products Partners LP (NYSE:EPD), 17 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 89% are positive. Enterprise Products Partners LP has been the topic of 26 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, August 18 report. The stock of Enterprise Products Partners L.P. (NYSE:EPD) has “Neutral” rating given on Friday, April 29 by Seaport Global. On Wednesday, May 11 the stock rating was initiated by Bernstein with “Outperform”. As per Wednesday, November 16, the company rating was initiated by Ladenburg Thalmann. The stock of Enterprise Products Partners L.P. (NYSE:EPD) has “Overweight” rating given on Friday, April 1 by Piper Jaffray. The stock has “Strong-Buy” rating given by Vetr on Tuesday, August 18. The company was initiated on Thursday, March 31 by Mitsubishi UFG. The company was upgraded on Monday, September 19 by Credit Suisse. Argus Research maintained Enterprise Products Partners L.P. (NYSE:EPD) rating on Tuesday, November 3. Argus Research has “Buy” rating and $38 price target. The stock of Enterprise Products Partners L.P. (NYSE:EPD) has “Sector Outperform” rating given on Wednesday, January 6 by Howard Weil.

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 decreased to 1.2 in Q2 2016. Its down 0.03, from 1.23 in 2016Q1. The ratio fall, 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.
Cypress Mgmt Ltd (Wy) last reported 21,724 shares in the company. Highlander Cap Lc reported 6,600 shares or 0.18% of all its holdings. The Iowa-based Dubuque National Bank And Tru has invested 0.01% in Enterprise Products Partners L.P. (NYSE:EPD). Seaward Ltd Partnership, a Massachusetts-based fund reported 28,200 shares. Pnc Finance Svcs Gru has 0.11% invested in the company for 3.34 million shares. Delta Asset Management Limited Liability Tn last reported 20,048 shares in the company. Fin Advisory Ser last reported 9,758 shares in the company. Mitchell Mcleod Pugh & Williams owns 55,440 shares or 1.47% of their US portfolio. The New Jersey-based Condor Cap Mngmt has invested 0.1% in Enterprise Products Partners L.P. (NYSE:EPD). Cranbrook Wealth Lc holds 0.01% or 532 shares in its portfolio. Tiedemann Trust Communication owns 1.41M shares or 7.62% of their US portfolio. Moreover, Deroy And Devereaux Private Counsel Inc has 0.19% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 49,675 shares. Central Comml Bank Tru Company holds 26,350 shares or 0.22% of its portfolio. Moreover, Catawba Capital Mgmt Va has 1.28% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 179,483 shares. Trust Communications Of Virginia Va owns 8,352 shares or 0.04% of their US portfolio.

Insider Transactions: Since November 16, 2016, the stock had 1 insider buy, and 0 sales for $101,080 net activity. BARTH CARIN MARCY had bought 4,000 shares worth $101,080 on Wednesday, November 16.

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 $54.23 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 20.98 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 important recent Enterprise Products Partners L.P. (NYSE:EPD) news were published by: Seekingalpha.com which released: “Enterprise Products Partners Still A Terrific Long-Term Play” on November 23, 2016, also Businesswire.com published article titled: “Enterprise Products Among Most Honored Companies in Institutional Investor’s …”, Seekingalpha.com published: “Enterprise Products Partners: Can It Turnaround?” on November 15, 2016. More interesting news about Enterprise Products Partners L.P. (NYSE:EPD) was released by: Forbes.com and their article: “Enterprise Products Partners Stock Getting Very Oversold” with publication date: November 02, 2016.

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