Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twelve research firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $35.90.
Several research analysts have recently weighed in on EPD shares. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Citigroup reiterated a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. Barclays boosted their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Morgan Stanley raised their price objective on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Finally, Wells Fargo & Company cut shares of Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 target price on the stock. in a report on Wednesday, December 18th.
Read Our Latest Stock Report on Enterprise Products Partners
Institutional Investors Weigh In On Enterprise Products Partners
Institutional investors have recently bought and sold shares of the stock. Rosenberg Matthew Hamilton lifted its position in Enterprise Products Partners by 364.4% in the fourth quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock valued at $26,000 after purchasing an additional 656 shares during the last quarter. Tidemark LLC increased its stake in shares of Enterprise Products Partners by 54.3% in the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after buying an additional 318 shares during the period. Lee Danner & Bass Inc. bought a new stake in Enterprise Products Partners during the 4th quarter valued at $29,000. Crowley Wealth Management Inc. purchased a new stake in Enterprise Products Partners during the 4th quarter valued at $30,000. Finally, National Bank of Canada FI grew its holdings in Enterprise Products Partners by 55.4% in the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 360 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
Enterprise Products Partners Stock Performance
EPD traded up $0.11 during trading on Monday, hitting $34.11. 2,224,158 shares of the company traded hands, compared to its average volume of 4,128,007. Enterprise Products Partners has a one year low of $27.37 and a one year high of $34.63. The stock's fifty day moving average is $33.34 and its 200 day moving average is $31.49. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm has a market cap of $73.86 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.07 billion. During the same quarter last year, the business posted $0.72 EPS. Enterprise Products Partners's quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts predict that Enterprise Products Partners will post 2.9 EPS for the current fiscal year.
Enterprise Products Partners Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.535 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.14 annualized dividend and a dividend yield of 6.27%. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. Enterprise Products Partners's payout ratio is currently 79.55%.
About Enterprise Products Partners
(
Get Free ReportEnterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
See Also
Before you consider Enterprise Products Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enterprise Products Partners wasn't on the list.
While Enterprise Products Partners currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
