Here's Where Things Went Wrong for Enterprise Products Partners L.P. in 2017
Midstream giant Enterprise Products Partners (NYSE: EPD) turned in a lackluster year in 2017. While the company outperformed most MLPs since the sector delivered a negative total return this year, Enterprise's meager 3.6% total return through mid-December fell well short of the best MLPs of 2017. Further, it was also well behind the red-hot S&P 500, which returned more than 22% this year.
Here's a look at why the company didn't deliver much value for investors this year and if that trend can reverse in 2018.
Image source: Getty Images.
Source: Fool.com
Enterprise Products Partners L.p. Stock
€15.02
-0.130%
Enterprise Products Partners L.p. is currently one of the favorites of our community with 20 Buy predictions and no Sell predictions.
As a result the target price of 30 € shows a very positive potential of 99.68% compared to the current price of 15.02 € for Enterprise Products Partners L.p..
