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Investors Focus Stays On Enterprise Products Partners L.P. (NYSE:EPD) MLP Performance

Boston, MA 09/02/2014 (wallstreetpr) – Enterprise Products Partners L.P. (NYSE:EPD) has received a “buy” rating from analysts at Stifel Nicolaus. They have set a target price of $43 on EPD stock, revised up from the previous target price of $40. Analysts at Oppenheimer have an “outperform” rating on EPD stock with a target price of $44. Analysts at Zacks have a “neutral” rating on EPD stock with a price target of $40.50. Analysts at Raymond James have a “strong-buy” rating on Enterprise with a target price of $41.50. Enterprise Products have got an average rating of “buy” with a consensus target price of $41.59.

The impressive performance

Enterprise Products Partners L.P. (NYSE:EPD) are having a good run on the street. The stock has posted returns of more than 20% year to date. It is better than the performance of S&P 500’s total return of 9.5%. The strong performance in MLP is acting as a booster for Enterprise’s stocks. Investors are focusing more on the MLPs, the deal activities and the other developments in the energy sector. Enterprise Products Partners L.P. (NYSE:EPD) is moreover backed by strong financials. It has got the strong credit rating for an MLP from Standard & Poor and Moody’s Investors. Enterprise shows strength in its balance sheet with low leverage ratio. Master limited partnerships involve a risk but Enterprise is making full use of the opportunities offered in the industry.

The growth opportunities

Enterprise Products Partners L.P. (NYSE:EPD) management has remained opened about the company’s financials. Management has disclosed all the important information related to the debt management to the investors. Investors are aware with the projects that Enterprise has in its hands and how it will use the funds to enhance growth. Enterprise Products has plans to invest as much as $12 billion from 2013 through year 2016 for boosting its natural gas liquids business segment. It aims to offset the decline in domestic demand by focusing more on export. Therefore, analysts still find it an attractive buy at the current valuations.

Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.

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