Insider Activity to Watch: Enterprise Products Partners L.P. $EPD

49c5f2370102943fc9f3952b807d2f2e

Enterprise Products Partners L.P. (NYSE:EPD) insider have most recently took part in a trading activity. On Dec 27, 2017 Teague Aj, CEO bought 11,300 shares having total worth of $299,111 at the price of $26.47 per share, following the transaction a total of 1,538,483 shares owned by Teague Aj. Before this latest buy, Teague Aj purchased EPD at 1 other times during the past twelve months, for a total investment of $200,145 at an average of $24.26 per share.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 buy trades. Furthermore, over the past 12 months , the stock was traded 4 times by insiders. In 1 of these trades, the insider was a seller while an employee of the company was the buyer in 3 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 2 0 5.56%
12 Month 3 1 -10.27%

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up 0.64% on Dec 26, 2017, hitting $26.57. 5,325,885 shares of the company’s stock traded hands. Enterprise Products Partners L.P. has a 52 week low of $23.89 and a 52 week high of $29.86. The company’s market cap is $56,410 million.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its earnings results on Nov 2, 2017. The company reported 0.30 earnings per share (EPS) for the quarter, lower than the consensus estimate of 0.33 by $0.03. The company had revenue of $6,887 million for the quarter, compared to the consensus estimate of $6,490 million. During the same quarter in the previous year, the company posted 0.30 earnings per share. The company’s revenue for the quarter was up 16% on a year-over-year basis.

2017-11-02 2017-10-26 2017-08-03 2017-05-02 2017-01-30 2016-10-27 2016-07-28 2016-04-28 2016-01-28 2015-10-29
earnings per share 0.30 0.00 0.31 0.36 0.31 0.30 0.28 0.32 0.35 0.33
Revenue(M) 6887 0 6608 7320 6479 5920 5618 5005 6155 6308

Enterprise Products Partners L.P. is a publicly traded Delaware limited partnership formed in 1998. The Company is a North American midstream energy company providing a range of services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil and certain petrochemicals. In addition, it is engaged in the development of pipeline and other midstream energy infrastructure in the continental United States and Gulf of Mexico. It conducts substantially all of its business through Enterprise Products Operating LLC (EPO). It operates an integrated network of midstream energy assets. It has five reportable business segments: NGL Pipelines & Services; Onshore Natural Gas Pipelines & Services; Onshore Crude Oil Pipelines & Services; Offshore Pipelines & Services; and Petrochemical & Refined Products Services. The Company’s NGL Pipelines & Services business segment includes its natural gas processing business and related NGL marketing activities; NGL pipelines aggregating approximately 16,650 miles; NGL and related product storage and terminal facilities with approximately 156 MMBbls of working storage capacity and 13 NGL fractionation facilities. This segment also includes its import and export terminal operations. The Company’s Onshore Natural Gas Pipelines & Services business segment includes approximately 20,200 miles of onshore natural gas pipeline systems that provide for the gathering and transportation of natural gas in Alabama, Colorado, Louisiana, Mississippi, New Mexico, Texas and Wyoming. The Company also owns two salt dome natural gas storage facilities located in Mississippi and lease natural gas storage facilities located in Texas and Louisiana. This segment also includes its related natural gas marketing activities. This segment includes its crude oil marketing activities. The Company’s Offshore Pipelines & Services business segment serves some of the most active drilling and development regions, including deepwater production fields, in the northern Gulf of Mexico offshore Texas, Louisiana, Mississippi and Alabama. This segment includes approximately 1,330 miles of offshore natural gas pipelines, approximately 980 miles of offshore crude oil pipelines and six offshore hub platforms. The Company’s Petrochemical & Refined Products Services business segment consists of: propylene fractionation plants and related activities; butane isomerization facilities; an octane enhancement facility; refined products pipelines, including its Products Pipeline System and related activities and marine transportation and other services. The Company’s business activities are subject to various federal, state and local laws and regulations governing a variety of topics, including commercial, operational, environmental, safety and other matters.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.