Jefferies Reiterates a Buy Rating on Enterprise Products Partners LP

By Austin Angelo

In a report released yesterday, Christopher Sighinolfi from Jefferies reiterated a Buy rating on Enterprise Products Partners LP (NYSE: EPD), with a price target of $31. The company’s shares closed yesterday at $28.88.

According to, Sighinolfi is a 5-star analyst with an average return of 12.5% and a 69.9% success rate. Sighinolfi covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Dcp Midstream Partners Lp, and National Fuel Gas Company.

Enterprise Products Partners LP has an analyst consensus of Strong Buy, with a price target consensus of $31.33.

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 $6.74 billion and had a net profit of $656 million.

Based on the recent corporate insider activity of 40 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.