NEW YORK (

TheStreet

) --

Enterprise Products Partners

(NYSE:

EPD

) hit a new 52-week high Wednesday as it is currently trading at $45.88, above its previous 52-week high of $45.80 with 71,378 shares traded as of 9:36 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Enterprise has a market cap of $38.41 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 9.6% year to date as of the close of trading on Tuesday.

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products, and petrochemicals in North America. The company has a P/E ratio of 23.6, below the average energy industry P/E ratio of 35 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Enterprise as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, impressive record of earnings per share growth, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Enterprise Ratings Report

.

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