24.06.2021
Wells Fargo Stick to Their Buy Rating for Enterprise Products Partners
Wells Fargo (NYSE:WFC) analyst Michael Blum maintained a Buy rating on Enterprise Products Partners (NYSE:EPD) on Thursday, setting a price target of $30, which is approximately 24.02% above the present share price of $24.19.
Blum expects Enterprise Products Partners to post earnings per share (EPS) of $0.61 for the second quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Enterprise Products Partners, with an average price target of $28.67.
The analysts price targets range from a high of $31 to a low of $26.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $9.16 billion and a net profit of $1.61 billion. The company's market cap is $52.86 billion.
According to TipRanks.com, Wells Fargo analyst Michael Blum is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 13.3% and a 62.07% success rate.
Texas-based Enterprise Products Partners LP is a leading North American provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products and petrochemicals. The company operates through the following business segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
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