Morgan Stanley (NYSE:MS) analyst Devin McDermott maintained a Buy rating on Enterprise Products Partners (NYSE:EPD) LP on Monday, setting a price target of $24, which is approximately 25.65% above the present share price of $19.1.
McDermott expects Enterprise Products Partners LP to post earnings per share (EPS) of $0.61 for the second quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Strong Buy rating of shares in Enterprise Products Partners, with an average price target of $24.33.
The analysts price targets range from a high of $31 to a low of $17.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $7.48 billion and a net profit of $1.37 billion. The company's market cap is $41.75 billion.
According to TipRanks.com, Morgan Stanley analyst Devin McDermott is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.2% and a 33.83% success rate.
Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment manages natural gas processing plants. The Crude Oil Pipelines & Services segment stores and markets crude oil products. The Natural Gas Pipelines & Services segment stores and transports natural gas. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX.