BofA Securities resumed coverage on Enterprise Products with a new price target
$EPD
Natural Gas Distribution
Utilities
BofA Securities resumed coverage of Enterprise Products with a rating of Buy and set a new price target of $35.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/17/2024 | $35.00 | Buy | BofA Securities |
| 10/6/2023 | $28.00 | Neutral | Goldman |
| 10/3/2023 | Outperform | Pickering Energy Partners | |
| 3/2/2023 | Sector Outperform | Scotiabank | |
| 1/9/2023 | $27.00 | Peer Perform → Outperform | Wolfe Research |
| 12/9/2022 | $31.00 | Buy | Citigroup |
| 10/18/2022 | $29.00 | Buy → Hold | Tudor, Pickering, Holt & Co. |
| 5/2/2022 | $27.00 | Buy | Truist |
HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to limited partners holding Enterprise common units with respect to the fourth quarter of 2020 of $0.45 per unit, or $1.80 per unit on an annualized basis. The quarterly distribution will be paid Thursday, February 11, 2021, to unitholders of record as of the close of business Friday, January 29, 2021. This distribution represents a 1.1 percent increase over the distribution declared with respect to the fourth quarter of 2019. Enterprise has increased its cash distribution rate for 22
Enterprise Products Partners L.P. ("Enterprise") (NYSE:EPD) today announced its financial results for the three and nine months ended September 30, 2024. Enterprise reported net income attributable to common unitholders of $1.4 billion, or $0.65 per unit on a fully diluted basis, for the third quarter of 2024, an 8 percent increase compared to $1.3 billion, or $0.60 per unit on a fully diluted basis, for the third quarter of 2023. Distributable Cash Flow ("DCF") was $2.0 billion for the third quarter of 2024, a 5 percent increase compared to $1.9 billion for the third quarter of 2023. Distributions declared with respect to the third quarter of 2024 increased 5 percent to $0.525 per common
Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") announced today that the board of directors of its general partner declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the third quarter of 2024 of $0.525 per unit, or $2.10 per unit on an annualized basis. The quarterly distribution will be paid Thursday, November 14, 2024, to common unitholders of record as of the close of business Thursday, October 31, 2024. This distribution represents a 5.0 percent increase over the distribution declared with respect to the third quarter of 2023. Enterprise repurchased $76 million of its common units in the open market during the third quarter o
Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") and Piñon Midstream, LLC ("Piñon Midstream"), a portfolio company of Black Bay Energy Capital, today announced that Enterprise's affiliate has entered into a definitive agreement to acquire Piñon Midstream in a debt-free transaction for $950 million in cash consideration. Piñon Midstream provides natural gas gathering and treating services in the core of the prolific eastern flank of the Delaware Basin in New Mexico and Texas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240821749801/en/ Piñon Midstream's assets include approximately 50 miles of natural gas gathering
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4 - ENTERPRISE PRODUCTS PARTNERS L.P. (0001061219) (Issuer)
4 - ENTERPRISE PRODUCTS PARTNERS L.P. (0001061219) (Issuer)
Enterprise Prods Partners's (NYSE:EPD) short percent of float has fallen 10.53% since its last report. The company recently reported that it has 14.86 million shares sold short, which is 1.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.75 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. S
Enterprise Prods Partners's (NYSE:EPD) short percent of float has risen 8.65% since its last report. The company recently reported that it has 16.47 million shares sold short, which is 1.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.71 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Sho
9 analysts have shared their evaluations of Enterprise Prods Partners (NYSE:EPD) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 5 1 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 1 0 0 0 0 3M Ago 2 4 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $33.33, a high estimate of $35.00, and a low estimate of $31.00. This c
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4 - ENTERPRISE PRODUCTS PARTNERS L.P. (0001061219) (Issuer)
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BofA Securities resumed coverage of Enterprise Products with a rating of Buy and set a new price target of $35.00
Goldman resumed coverage of Enterprise Products with a rating of Neutral and set a new price target of $28.00
Pickering Energy Partners initiated coverage of Enterprise Products with a rating of Outperform
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Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") today announced that its refined products truck terminal serving the Grand Junction, Colorado and Moab, Utah areas is now in service, marking the completion of the second phase of the company's Texas Western Products ("TW Products") system. Located in Grand County, Utah, the facility features storage capacity of 400,000 barrels for gasoline and diesel and can load trucks at a rate of up to 20,000 barrels per day ("BPD"). In addition, the terminal is strategically located with direct access to Interstate 70, allowing it to serve markets in both eastern Utah and western Colorado. The new terminal joins three other facilities that be
Enterprise Products Partners L.P. ("Enterprise") (NYSE:EPD) today announced its financial results for the three and nine months ended September 30, 2024. Enterprise reported net income attributable to common unitholders of $1.4 billion, or $0.65 per unit on a fully diluted basis, for the third quarter of 2024, an 8 percent increase compared to $1.3 billion, or $0.60 per unit on a fully diluted basis, for the third quarter of 2023. Distributable Cash Flow ("DCF") was $2.0 billion for the third quarter of 2024, a 5 percent increase compared to $1.9 billion for the third quarter of 2023. Distributions declared with respect to the third quarter of 2024 increased 5 percent to $0.525 per common
Enterprise Products Partners L.P. (NYSE:EPD) ("Enterprise") today announced that the company has completed its previously announced acquisition of Piñon Midstream, LLC ("Piñon Midstream"), formerly a portfolio company of Black Bay Energy Capital. Enterprise purchased Piñon Midstream for $950 million in cash consideration as part of a debt-free transaction. The acquired assets, which include natural gas gathering and treating services, expand Enterprise's footprint in the eastern flank of the prolific Delaware Basin of Texas and New Mexico. Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services
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10-Q - ENTERPRISE PRODUCTS PARTNERS L.P. (0001061219) (Filer)