NEW YORK (

TheStreet

) --

Enterprise Products Partners

(NYSE:

EPD

) hit a new 52-week high Wednesday as it is currently trading at $49.93, above its previous 52-week high of $49.86 with 1.1 million shares traded as of 12:55 p.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Enterprise has a market cap of $42.64 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 4.1% 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 24.7, below the average energy industry P/E ratio of 38.9 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, solid stock price performance, impressive record of earnings per share growth 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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