BMO Capital Sticks to Its Buy Rating for Enterprise Products

By Austin Angelo

BMO Capital analyst Danilo Juvane reiterated a Buy rating on Enterprise Products (NYSE: EPD) today and set a price target of $33. The company’s shares opened today at $26.77.

According to, Juvane is a 3-star analyst with an average return of 4.1% and a 50.0% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Spectra Energy Partners, and Targa Resources Corp.

Enterprise Products has an analyst consensus of Strong Buy, with a price target consensus of $33.17.

Based on Enterprise Products’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $7.17 billion and quarterly net profit of $757 million. In comparison, last year the company earned revenue of $4.94 billion and had a net profit of $658 million.

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Enterprise Products Partners LP is a holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following reportable segments: NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services; Petrochemical & Refined Products Services; and Offshore Pipelines & Services. The NGL Pipelines & Services segment manages natural gas processing plants. The Crude Oil Pipelines & Services segment stores and markets crude oil products. The Natural Gas Pipelines & Services segment stores and transports natural gas. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. The Offshore Pipelines & Services segment manages and operates deepwater production fields. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX.