Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded today at $28.25, eclipsing its 52-week high. So far today approximately 1.1 million shares have been exchanged, as compared to an average 30-day volume of 7 million shares.
Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.
Over the past year, Enterprise Products Partners L.P. has traded in a range of $20.42 to $28.25 and is now at $28.04, 37% above that low.
Enterprise Products Partners L.P. (NYSE:EPD) has potential upside of 0.6% based on a current price of $28.04 and analysts’ consensus price target of $28.21.
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