#5 - Enterprise Product Partners (NYSE:EPD)
Enterprise Product Partners (NYSE:EPD) is a midstream infrastructure provider (MIP) that is engaged in the process of getting oil from the oilfields and into the market. Right now, that may seem fairly irrelevant. After all, the primary problem of the moment is that there is too much supply and not enough demand. But, this will not always be the case. At some point, the supply/demand imbalance will correct itself. And that should leave EPD in a good position. The company is continuing to invest in its future. It recently announced it will be working with Enbridge on a deepwater oil expert terminal in the Gulf of Mexico.
Like others in the sector, the company’s stock was hit hard by the market selloff. But like many energy stocks, it may be staging a slow but steady return to normal. When you consider that, even with the recent market volatility, the company’s annual equivalent return over the last 20 years is 12.7%, you are dealing with a well-managed company. As further evident of that, the company has paid an increasing dividend for the last 21 consecutive years.
About Enterprise Products Partners
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
Read More - Current Price
- $32.82
- Consensus Rating
- Buy
- Ratings Breakdown
- 10 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $34.00 (3.6% Upside)
