Goldman Sachs has published a research report on Enterprise Products Partners EPD following 3Q earnings results that were in-line with consensus but below Goldman's estimates.
In the report, Goldman Sachs writes "We continue to recommend investors buy EPD after 3Q results. Volumes in natural gas pipelines, gas processing, NGL transportation, and oil pipelines all exceeded our estimates, with YoY increases of 5%-10% across the board. The outlook for volume and margin growth also looks bright, as key projects such as its Haynesville shale pipeline, Mont Belvieu fractionation expansions, and Eagle Ford shale initiatives add to earnings over the next 12-18 months."
Goldman Sachs maintains its Buy rating and has raised the price target from $41 to $43.
Enterprise Products Partners closed yesterday at $42.63.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorPrice TargetAnalyst RatingsEnergyEnterprise Products PartnersGoldman SachsOil & Gas Storage & Transportation
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in