Economy

Enterprise Products Partners LP (NYSE:EPD) Short Interest Up 8.1% in September

Analysts have placed a $31.96 price target on Enterprise Products Partners L.P., suggesting a 31.2% gain from recent close.

A number of other institutional investors have also recently bought and sold shares of EPD. Tortoise Capital Advisors L.L.C. boosted its position in shares of Enterprise Products Partners L.P.by 3.9% during the second quarter. BlackRock Inc. now owns 3,225,992 shares of the oil and gas producer's stock valued at $89,069,000 after acquiring an additional 3,163,753 shares in the last quarter.

Enterprise Products Partners L.P. (EPD) failed to surprise the stock market in its last reported earnings when it earned $0.3 a piece versus the consensus-estimated $0.33. The New York-based Natl Asset Management has invested 0.46% in Enterprise Products Partners L.P. (NYSE:EPD). Camarda Financial Advisors LLC lifted its holdings in shares of Enterprise Products Partners L.P.by 0.6% in the second quarter. Atlantic Trust Group LLC now owns 18,318,389 shares of the oil and gas producer's stock worth $496,062,000 after buying an additional 653,564 shares during the period. Finally, Jacobi Capital Management LLC lifted its holdings in shares of Enterprise Products Partners L.P.by 690.9% in the second quarter. The firm owned 146,365 shares of the oil and gas producer's stock after selling 24,843 shares during the quarter. Tcs Capital Management Llc who had been investing in Yy Inc for a number of months, seems to be bullish on the $5.35 billion market cap company. Jefferies Group restated a "buy" rating and issued a $33.00 price objective on shares of Enterprise Products Partners L.P.in a research report on Sunday, October 16th. (EPD) traded up 0.834% during trading on Friday, hitting $24.785. Approximately 2.0% of the shares of the stock are short sold. Tennessee-based Ftb Advsr has invested 0.03% in Enterprise Products Partners L.P. (NYSE:EPD). The stock decreased 0.04% or $0.01 on October 26, reaching $24.58. Stifel Nicolaus maintained Enterprise Products Partners L.P. (NYSE:EPD) on Thursday, August 10 with "Buy" rating. (NYSE:EPD) last announced its quarterly earnings data 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). Scotiabank set a $33.00 target price on Enterprise Products Partners L.P. and gave the stock a buy rating in a research note on Sunday, October 15th. Its revenue totaled $6.6 billion down -8.77% from the previous quarter. During the same period a year ago, the business earned $0.27 EPS. If Enterprise Products Partners reaches its target price within a year, it would mean 31% upside for investors. On average, equities research analysts predict that Enterprise Products Partners L.P. will post $1.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 31st will be given a $0.4225 dividend. The dividend yield will be $6.58. Enterprise Products Partners L.P.'s dividend payout ratio (DPR) is 132.28%. More interesting news about Baidu Inc (ADR) (NASDAQ:BIDU) were released by: Investorplace.com and their article: "Baidu Inc (ADR) (BIDU) Stock Surging on Technology Advances" published on September 29, 2017 as well as Investorplace.com's news article titled: "3 Stocks to Watch on Friday: Baidu Inc (ADR) (BIDU), Gilead Sciences, Inc ..." with publication date: October 27, 2017. Enterprise Products Partners L.P. (NYSE:EPD) has declined 0.18% since October 28, 2016 and is downtrending.

Several brokerages have recently issued reports on EPD. Finally, BidaskClub raised Enterprise Products Partners L.P. from a sell rating to a hold rating in a research note on Thursday, July 6th. Jefferies maintained it with "Buy" rating and $305.0 target in Friday, October 20 report. BMO Capital Markets reaffirmed a "buy" rating and set a $33.00 target price on shares of Enterprise Products Partners L.P.in a research report on Wednesday, July 12th. Of the analysts who provided ratings, 0 rated the company a Hold, 1 rated it a Moderate Buy, and 13 rated it a Strong Buy. Meanwhile, the average 12-month price target from Wall Street analysts is now $31.96, this means that the stock is underpriced by 23.78%. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & worldwide trademark & copyright legislation.



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