Enterprise Reaches New 52-Week High (EPD)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Enterprise Products Partners (NYSE: EPD) hit a new 52-week high Tuesday as it is currently trading at $55.46, above its previous 52-week high of $55.38 with 584,495 shares traded as of 11:50 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Enterprise has a market cap of $49.17 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 Friday.

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals in the United States and internationally. The company has a P/E ratio of 19, 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 impressive record of earnings per share growth, compelling growth in net income, notable return on equity, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Enterprise Ratings Report.

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