BMO Capital Thinks Enterprise Products Partners LP’s Stock is Going to Recover

By Ryan Adsit

In a report released yesterday, Danilo Juvane from BMO Capital reiterated a Buy rating on Enterprise Products Partners LP (NYSE: EPD), with a price target of $33. The company’s shares opened today at $24.06, close to its 52-week low of $23.84.

According to, Juvane is a 2-star analyst with an average return of 1.8% and a 40.0% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Spectra Energy Partners, and Targa Resources Corp.

Currently, the analyst consensus on Enterprise Products Partners LP is Strong Buy and the average price target is $31.86, representing a 32.4% upside.

In a report issued on November 2, SunTrust Robinson also reiterated a Buy rating on the stock with a $32 price target.

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.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EPD in relation to earlier this year.

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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.