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Wells Fargo Keeps Their Buy Rating on Enterprise Products Partners (EPD)

Tipranks - Mon Jun 29, 8:04PM CDT

Wells Fargo analyst Michael Blum maintained a Buy rating on Enterprise Products Partners on June 26 and set a price target of $48.00. The company’s shares closed last Friday at $36.57.

End of Quarter Sale - 70% Off

According to TipRanks, Blum is a 5-star analyst with an average return of 15.4% and a 70.56% success rate. Blum covers the Energy sector, focusing on stocks such as Cheniere Energy, Targa Resources, and Excelerate Energy, Inc. Class A.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enterprise Products Partners with a $41.57 average price target, which is a 13.67% upside from current levels. In a report released on June 23, Barclays also assigned a Buy rating to the stock with a $41.00 price target.

Based on Enterprise Products Partners’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $14.39 billion and a net profit of $1.48 billion. In comparison, last year the company earned a revenue of $15.42 billion and had a net profit of $1.39 billion

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