Enterprise Products Partners L.P. (EPD) : During the past 4 weeks, traders have been relatively bearish on Enterprise Products Partners L.P. (EPD), hence the stock is down -5.08% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.49% relative to the S&P 500. The 4-week change in the price of the stock is -1.9% and the stock has fallen -3.56% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.56% and the 50-Day Moving Average is 0.18%. Enterprise Products Partners L.P. is up 6.67% in the last 3-month period. Year-to-Date the stock performance stands at 11.3%.
Enterprise Products Partners L.P. (NYSE:EPD): stock turned positive on Friday. Though the stock opened at $28.2, the bulls momentum made the stock top out at $28.48 level for the day. The stock recorded a low of $28.14 and closed the trading day at $28.47, in the green by 0.04%. The total traded volume for the day was 3,010,599. The stock had closed at $28.46 in the previous days trading.
Also, Bernstein initiates coverage on Enterprise Products Partners L.P. (NYSE:EPD) The current rating of the shares is Outperform. Equity Analysts at the Firm announces the price target to $33 per share. The rating by the firm was issued on May 11, 2016.
Enterprise Products Partners L.P. is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products. The Company operates in five segments: NGL Pipelines & Services segment includes its natural gas processing plants and related NGL marketing activities; Onshore Natural Gas Pipelines & Services segment includes approximately 19,300 miles of onshore natural gas pipeline systems; Onshore Crude Oil Pipelines & Services segment includes approximately 5,400 miles of onshore crude oil pipelines, crude oil storage terminals; Offshore Pipelines & Services segment serves drilling and development regions, including deepwater production fields and Petrochemical & Refined Products Services segment includes propylene fractionation and related operations, including approximately 680 miles of pipelines. Its asset portfolio includes 24 natural gas processing plants and 22 NGL and propylene fractionators.