A Director at Enterprise Products (NYSE: EPD) is Buying Shares

By Carrie Williams

Today, a Director at Enterprise Products (NYSE: EPD), Carin Marcy Barth, bought shares of EPD for $101.1K.

This recent transaction increases Carin Marcy Barth’s holding in the company by 43.83%.

The company has a one year high of $30.11 and a one year low of $19. EPD’s market cap is $53.81B and the company has a P/E ratio of 20.80. Currently, Enterprise Products has an average volume of 4.35M.

49 different firms, including Argus Research and Atlantic Equities, currently also have a Buy rating on the stock. Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $32.50, reflecting a -22.5% downside. Starting in August 2016, EPD received 9 Buy ratings in a row.

The insider sentiment on Enterprise Products has been positive according to 43 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Enterprise Products Partners LP is a North American midstream energy company that is engaged in providing a wide range of services to producers and consumers of natural gas, natural gas liquids or NGLs, crude oil, refined products and certain petrochemicals. The company operates through following reportable segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment includes natural gas processing plants and related NGL marketing activities; NGL pipelines aggregating; NGL and related product storage and terminal facilities; and NGL fractionation facilities. This segment also includes the company’s import and export terminal operations. The Crude Oil Pipelines & Services business segment includes rude oil pipelines, crude oil storage terminals and crude oil marketing activities. The Natural Gas Pipelines & Services business segment includes natural gas pipeline systems that provide for the gathering and transportation of natural gas in Colorado, Louisiana, New Mexico, Texas and Wyoming. This segment also includes natural gas marketing activities. The Petrochemical & Refined Products Services segment consists of propylene fractionation facilities, pipelines and related marketing activities; a butane isomerization facility and related pipeline system, octane enhancement and high purity isobutylene production facilities; refined products pipelines and related marketing activities and marine transportation and other services. Enterprise Products Partners was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX.