Enterprise Products Partners LP Gets a Buy Rating from Stifel Nicolaus

By Carrie Williams

Stifel Nicolaus analyst Selman Akyol reiterated a Buy rating on Enterprise Products Partners LP (NYSE: EPD) on September 14 and set a price target of $30. The company’s shares closed on Friday at $26.11.

According to TipRanks.com, Akyol is a 4-star analyst with an average return of 2.3% and a 53.3% success rate. Akyol covers the Basic Materials sector, focusing on stocks such as Vanguard Natural Resources LLC, Energy Transfer Partners LP, and Penntex Midstream Partners.

Currently, the analyst consensus on Enterprise Products Partners LP is Strong Buy and the average price target is $32, representing a 22.6% upside.

In a report issued on September 1, Jefferies also assigned a Buy rating to the stock with a $30 price target.

The company has a one year high of $30.25 and a one year low of $24.01. Currently, Enterprise Products Partners LP has an average volume of 3.75M.

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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.