Enterprise Products Partners (NYSE:EPD) hit a new 52-week high Thursday as it is currently trading at $57.11, above its previous 52-week high of $56.83 with 262,332 shares traded as of 10:05 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.
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 Thursday as it is currently trading at $57.11, above its previous 52-week high of $56.83 with 262,332 shares traded as of 10:05 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. Enterprise has a market cap of $50.17 billion and is part of the basic materials sector and energy industry. Shares are up 11.9% year to date as of the close of trading on Wednesday. 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 20.7, 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 good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Enterprise Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.