Enterprise Prods Partners Stock (NYSE: EPD)

Enterprise Prods Partners Stock (NYSE:EPD), Trade Ideas

Enterprise Prods Partners

Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.

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Enterprise Products Partners L.P. Common Stock

Enterprise Products Partners LP

ENTERPRISE PRDS PFD UT A by Enterprise Products Partners L.P.

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer &nbsp;recommended selling Petróleo Brasileiro S.A. &#8211; Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>). &#8220;I like PBR the beer more than I like PBR the <a href="https://www.benzinga.com/news/24/04/38382267/petrobras-to-build-solar-power-at-its-three-refineries">oil company,&#8221; he added</a>.
Cramer recommended buying Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>).
On April 4, Wells Fargo analyst Michael Blum maintains Enterprise Products Partners with an Overweight rating and raised the price target from $32 to $33, while Scotiabank analyst Tristan Richardson maintained the stock with a Sector Outperform and boosted the price target from $31 to $32.
Cheniere Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>) is &#8220;terrific,&#8221; Cramer said.
The &#8220;Mad Money&#8221; host recommended buying Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>). &#8220;I think you have a real winner,&#8221; he noted.
On April 16, Recursion named Najat Khan, PhD, as chief R&amp;D officer and chief commercial officer.
Cramer said Casey&#8217;s General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) is a &#8220;winner&#8221; and recommended buying the stock.
On April 16, Evercore ISI Group analyst Michael Montani maintained Casey&#8217;s General with an Outperform and lowered the price target from&nbsp;$350&nbsp;to&nbsp;$345.
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Price Action:
<ul>
<li>Petroleo Brasileiro shares rose 0.1% to settle at $16.96 on Tuesday.</li>
<li>Broadcom shares gained 2% to settle at $1,249.19.</li>
<li>Casey's General Stores shares fell 0.1% to close at $313.32 on Tuesday.</li>
<li>Enterprise Products Partners shares fell 0.3% to close at $28.91.</li>
<li>Recursion Pharmaceuticals shares rose 1.3% to settle at $7.70 on Tuesday.</li>
<li>Cheniere Energy shares fell 1% to close at $158.90 on Tuesday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38396543/meta-likely-to-report-higher-q1-earnings-here-are-the-recent-forecast-changes-from-wall-streets-mos">Meta Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
Photo: Shutterstock

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Enterprise Receives Deepwater Port License For Spot Project

RBC Capital analyst Elvira Scotto reiterates Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Outperform and maintains $35 price target.

Price Target

Reiteration

Analyst Ratings

RBC Capital Reiterates Outperform on Enterprise Prods Partners, Maintains $35 Price Target

Wells Fargo analyst Michael Blum maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Overweight and raises the price target from $32 to $33.

Wells Fargo Maintains Overweight on Enterprise Prods Partners, Raises Price Target to $33

Scotiabank analyst Tristan Richardson maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Sector Outperform and raises the price target from $31 to $32.

Scotiabank Maintains Sector Outperform on Enterprise Prods Partners, Raises Price Target to $32

Mizuho analyst Gabriel Moreen maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Buy and maintains $34 price target.

Mizuho Maintains Buy on Enterprise Prods Partners, Maintains $34 Price Target

The plant is expected to begin service in the second quarter of 2026.

Enterprise Product Partners To Build New Natural Gas Processing Plant; Starts Service On Mentone 3 And Leonidas

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has risen 13.45% since its last report. The company recently reported that it has 19.68 million shares sold short, which is 1.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.35 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711643421_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 3.68%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Enterprise Prods Partners's Recent Short Interest

Mizuho analyst Gabriel Moreen maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Buy and raises the price target from $33 to $34.

Mizuho Maintains Buy on Enterprise Prods Partners, Raises Price Target to $34

In the last three months, 5 analysts have published ratings on Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>), offering a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $33.4, a high estimate of $36.00, and a low estimate of $31.00. This upward trend is apparent, with the current average reflecting a 5.2% increase from the previous average price target of $31.75.
<img src="https://www.benzinga.com/files/images/story/2024/1711454479_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A clear picture of Enterprise Prods Partners's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$31.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$33.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$35.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$32.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Selman Akyol</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$36.00</td>
<td>$35.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Enterprise Prods Partners. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Enterprise Prods Partners compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Enterprise Prods Partners's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Enterprise Prods Partners's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/EPD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Enterprise Prods Partners analyst ratings.</a>
<h2>Unveiling the Story Behind Enterprise Prods Partners</h2>
Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.
<h3>Breaking Down Enterprise Prods Partners's Financial Performance</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Enterprise Prods Partners's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 7.12%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: Enterprise Prods Partners's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 10.38%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Enterprise Prods Partners's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 5.54%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Enterprise Prods Partners's ROA stands out, surpassing industry averages. With an impressive ROA of 2.16%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 1.05, Enterprise Prods Partners adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Enterprise Prods Partners Stock: Analyst Perspectives (5 Ratings)

Barclays analyst Theresa Chen maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Overweight and raises the price target from $30 to $31.

Barclays Maintains Overweight on Enterprise Prods Partners, Raises Price Target to $31

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer said he doesn&rsquo;t like Dominion Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/d#NYSE">D</a>). &quot;I think that they made a lot of mistakes with their <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37555716/insiders-buying-snowflake-and-2-other-stocks"> balance sheet,&quot; he noted. </a>
On March 13, Barclays analyst Nicholas Campanella maintained Dominion Energy with an Overweight and raised the price target from $47 to $50.
During Tuesday&#39;s show, Cramer recommended selling iRobot (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/irbt#NASDAQ">IRBT</a>).
On March 11, iRobot reported a preliminary first-quarter loss of $2.13 to $2.00 per share on revenue of $137 million to $142 million.
When asked about Plains All American Pipeline, L.P. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/paa#NASDAQ">PAA</a>), he said, &quot;I see you, and I raise you with Enterprise Products Partners (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>), which is a better company.&quot;
On March 19, Truist Securities analyst Neal Dingmann maintained Plains All American with a Buy and raised the price target from $21 to $23.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Rivian Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>) is a &quot;well-run&quot; company, Cramer said. &quot;I&rsquo;d rather buy the car than the stock.&quot;
On March 18, Rivian said its vehicles are now compatible with the Tesla supercharger network.
The &quot;Mad Money&quot; host said he wants to pause on DraftKings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dkng#NASDAQ">DKNG</a>). &quot;I don&rsquo;t want you to buy it up here. Let it come in,&quot; he added.
On March 18, DraftKings said Jason Park, DraftKings&#39; Chief Financial Officer, will become the Company&#39;s Chief Transformation Officer, effective as of May 1, 2024.
Price Action:
<ul>
<li>Shares of iRobot fell 4.1% to close at $8.83 on Tuesday.</li>
<li>Dominion Energy closed at $48.51 on Tuesday.</li>
<li>Rivian shares fell 1.2% to settle at $11.26.</li>
<li>DraftKings shares gained 0.6% to settle at $43.78 on Tuesday.</li>
<li>Plains All American Pipeline shares gained 0.6% to close at $17.17 on Tuesday.</li>
<li>Shares of SoFi rose 0.7% to settle at $7.08.</li>
<li>On Holding shares climbed&nbsp;4.1% to close at $34.23 on Tuesday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/03/37839328/general-mills-likely-to-report-higher-q3-earnings-here-are-the-recent-forecast-changes-from-wall-st"> General Mills Likely To Report Higher Q3 Earnings; Here Are The Recent Forecast Changes From Wall Street&#39;s Most Accurate Analysts</a>
Photo:&nbsp;s_bukley/Shutterstock.com

Jim Cramer Says This EV Manufacturer Is 'Well-Run,' Recommends Selling iRobot

Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) (&quot;Enterprise&quot;) today announced that the first phase of its Texas Western Products System (&quot;TW Products System&quot;) is now in service with the start of truck loading operations at the company&#39;s new Permian terminal in Gaines County, Texas. The facility features approximately 900,000 barrels of storage for gasoline and diesel, and truck loading capacity of 10,000 barrels per day (&quot;BPD&quot;). The company expects the remainder of the system, which includes terminals in the Jal and Albuquerque, New Mexico areas, as well as the Grand Junction, Colorado area, to be placed in service later in the first half of 2024.
This press release features multimedia. View the full release here:&nbsp;<a href="https://www.businesswire.com/news/home/20240307497958/en/">https://www.businesswire.com/news/home/20240307497958/en/</a>
&quot;Once completed, the TW Products System will provide supply reliability and diversity to the historically underserved gasoline and diesel markets in the southwest United States,&quot; said A.J. &quot;Jim&quot; Teague, co-chief executive officer of Enterprise&#39;s general partner. &quot;By repurposing segments of our integrated Gulf Coast midstream network, which features access to the largest refining complex in the U.S., representing more than 4.5 million BPD of capacity, the TW Products System will provide retailers access to alternative sources of refined products, which should result in lower fuel prices for consumers in West Texas, New Mexico, Colorado and Utah.&quot;
To supply the terminals, Enterprise is converting segments of its Chaparral and Mid-America natural gas liquids (&quot;NGLs&quot;) pipeline systems to accommodate refined products. Utilizing a batched delivery system will give the company the ability to continue transporting mixed NGLs and NGL purity products in addition to gasoline and diesel.

Enterprise Begins Initial Service On TW Products System

Enterprise Prods Partners's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) short percent of float has risen 13.45% since its last report. The company recently reported that it has 19.68 million shares sold short, which is 1.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.35 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Enterprise Prods Partners Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709829021_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Enterprise Prods Partners has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Enterprise Prods Partners's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Enterprise Prods Partners's peer group average for short interest as a percentage of float is 3.48%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) today announced that its affiliate has entered into a definitive agreement to acquire member interests in Panola Pipeline Company, LLC (&quot;Panola&quot;) from an affiliate of Western Midstream Partners, LP (&quot;Western&quot;) in a debt-free transaction for&nbsp;$25 million&nbsp;in cash consideration.
Enterprise executed a definitive agreement to acquire Western&#39;s&nbsp;15 percent&nbsp;equity interest in Panola. Panola owns a 253-mile pipeline that transports mixed NGLs from natural gas processing plants in East Texas, including Enterprise&#39;s Bulldog plant, to multiple destinations, including the partnership&#39;s NGL fractionation complex in Chambers County, Texas. Subject to the rights of other Panola owners to participate in the sale of Western&#39;s interest, upon closing of this transaction, Enterprise will own up to&nbsp;70 percent&nbsp;of Panola.
The transaction is expected to close within 45 days of this announcement, subject to terms under existing agreements. The transaction is expected to be funded using a combination of cash on hand and proceeds from the issuance of short-term notes under the partnership&#39;s commercial paper program.

Enterprise To Acquire Interest In Panola NGL Pipeline From Western Midstream In A Debt-Free Transaction For $25M In Cash Consideration

During the last three months, 4 analysts shared their evaluations of Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $34.0, a high estimate of $36.00, and a low estimate of $32.00. This upward trend is evident, with the current average reflecting a 5.17% increase from the previous average price target of $32.33.
<img src="https://www.benzinga.com/files/images/story/2024/1708524026_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Enterprise Prods Partners among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$33.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$35.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$32.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Selman Akyol</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$36.00</td>
<td>$35.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Enterprise Prods Partners. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Enterprise Prods Partners compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Enterprise Prods Partners's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Enterprise Prods Partners's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/EPD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Enterprise Prods Partners analyst ratings.</a>
<h2>Discovering Enterprise Prods Partners: A Closer Look</h2>
Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.
<h3>Unraveling the Financial Story of Enterprise Prods Partners</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Challenges: Enterprise Prods Partners's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -22.43%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Enterprise Prods Partners's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 10.99%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Enterprise Prods Partners's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 4.87%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Enterprise Prods Partners's ROA excels beyond industry benchmarks, reaching 1.92%. This signifies efficient management of assets and strong financial health.
Debt Management: Enterprise Prods Partners's debt-to-equity ratio is below the industry average at 1.07, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Unveiling 4 Analyst Insights On Enterprise Prods Partners

David Tepper&#8217;s Appaloosa Management navigated dynamic market conditions in the fourth quarter of 2023. Strategic moves by the hedge fund included entering new positions, boosting select tech holdings, reducing exposure to semiconductor stocks and making key exits. 
Tepper&#8217;s decisions provide a glimpse into his outlook and positioning for the first quarter of 2024, given diverse market trends.
<h2 class="wp-block-heading">New Positions: Oracle, ARK Innovation ETF</h2>
Appaloosa Management initiated substantial new positions, with the standout entries being in Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) and the ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>). The fund purchased 1.3 million shares of Oracle, valued at approximately $140 million, and secured a call option for nearly 2.6 million shares in the ARK Innovation ETF worth more than $133 million. Other notable entries included FMC Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) and General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>).
<h2 class="wp-block-heading">Tech Sector Adjustments &amp; Expansion in Home Improvement, Construction</h2>
Tepper&#8217;s fund reduced its exposure to semiconductor stocks such as Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), and Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
At the same time, it boosted positions in other tech giants, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>). The fourth quarter filing showcased a calculated shift in the tech sector holdings, aligning with evolving market dynamics.
Appaloosa Management also diversified its portfolio by entering positions in the home improvement, construction, and building materials sectors. Notable additions included Masco Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAS#NYSE">MAS</a>), Mohawk Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>), and Owens Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>), signaling the fund&#8217;s strategic interest in these industries.
<h2 class="wp-block-heading">Caesars Entertainment Stake Increase And Other Select Boosts and Exits</h2>
Appaloosa Management increased its positions in Caesars Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) by adding 725,000 new shares to its portfolio. The move emphasizes Tepper&#8217;s confidence in the gaming industry, where Caesars holds a prominent position, particularly in the mobile wagering arena.
Appaloosa Management also added midstream oil company MPLX LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) and tech stalwarts, including Alibaba, Amazon and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). 
Notably, Appaloosa Management exited positions entirely in Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) and Enterprise Products Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>).
Also Read: <a href="https://www.benzinga.com/startups/23/10/35267489/the-elite-billionaires-of-sports-ownership-meet-the-top-10-richest-team-owners">The Elite Billionaires of Sports Ownership: Meet The Top 10 Richest Team Owners</a>
Appaloosa Management&#8217;s fourth-quarter portfolio changes reflect a nuanced approach to navigating market shifts. The fund&#8217;s entry into new sectors, adjustments in the tech landscape, and strategic exits demonstrate Tepper&#8217;s proactive stance. As the market continues to evolve, investors will closely watch Appaloosa&#8217;s moves for insights into Tepper&#8217;s outlook and tactical positioning.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36660992/if-you-invested-1-000-in-this-ai-stock-when-david-teppers-appaloosa-first-entered-y">If You Invested $1,000 In This AI Stock When David Tepper&#8217;s Appaloosa First Entered, You&#8217;d Have Over 3X Your Money Today</a>

David Tepper's Appaloosa Management Q1 Portfolio Positioning: More Caesers Entertainment, Alibaba, Amazon, Microsoft; Less Semiconductor Stocks

Wells Fargo analyst Michael Blum maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Overweight and raises the price target from $31 to $32.

Wells Fargo Maintains Overweight on Enterprise Prods Partners, Raises Price Target to $32

Stifel analyst Selman Akyol maintains Enterprise Prods Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>) with a Buy and raises the price target from $35 to $36.

Stifel Maintains Buy on Enterprise Prods Partners, Raises Price Target to $36

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Press Releases

Enterprise Products Partners L.P. 2023 Form 10-K Now Available

Enterprise Products Partners L.P. 2023 Letter to Investors Now Available

Enterprise to Participate in Investor Conferences

Enterprise Begins Initial Service on TW Products System

Enterprise 2023 Schedule K-1 Tax Packages Now Available

Opinion

Thinking about trading options or stock in NVIDIA, Trump Media & Technology, Microsoft, Enterprise Products Partners, or Pfizer?

Enterprise to Host Investor and Analyst Call

Enterprise to Build New Natural Gas Processing Plant in the Delaware Basin; Announces Start of Service on Mentone 3 and Leonidas

Enterprise Declares Quarterly Distribution

Enterprise Receives Deepwater Port License for Spot Project

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