The CEO of Enterprise Products Partners LP (NYSE: EPD) is Buying Shares

By Carrie Williams

Today, the CEO of Enterprise Products Partners LP (NYSE: EPD), Aj Teague, bought shares of EPD for $299K.

Following Aj Teague’s last EPD Buy transaction on December 07, 2015, the stock climbed by 7.3%.

Based on Enterprise Products Partners LP’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $7.04 billion and quarterly net profit of $607 million. In comparison, last year the company earned revenue of $5.88 billion and had a net profit of $631 million. The company has a one-year high of $30.25 and a one-year low of $23.59. EPD’s market cap is $57.2B and the company has a P/E ratio of 21.26.

53 different firms, including Argus Research and Atlantic Equities, currently also have a Buy rating on the stock. Starting in August 2016, EPD received 53 Buy ratings in a row. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $31.25, reflecting a -15.6% downside.

The insider sentiment on Enterprise Products Partners LP has been positive according to 39 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.