Goldman Sachs analyst John Mackay reiterated a Hold rating on Enterprise Products Partners (EPD – Research Report) today. The company’s shares closed today at $27.74.
According to TipRanks, Mackay is a 5-star analyst with an average return of 18.6% and a 75.00% success rate. Mackay covers the Energy sector, focusing on stocks such as Enterprise Products Partners, Antero Midstream, and Energy Transfer.
Enterprise Products Partners has an analyst consensus of Strong Buy, with a price target consensus of $33.27.
Based on Enterprise Products Partners’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $14.62 billion and a net profit of $1.57 billion. In comparison, last year the company earned a revenue of $13.65 billion and had a net profit of $1.42 billion
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EPD in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Enterprise Products Partners (EPD) Company Description:
Texas-based Enterprise Products Partners LP is a leading North American provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products and petrochemicals. The company operates through the following business segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
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