Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s share price was up 1.2% during mid-day trading on Friday . The stock traded as high as $31.25 and last traded at $31.17. Approximately 1,022,887 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 4,288,253 shares. The stock had previously closed at $30.81.
Analyst Ratings Changes
Several equities research analysts have issued reports on EPD shares. Truist Financial boosted their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. US Capital Advisors raised shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Bank of America started coverage on shares of Enterprise Products Partners in a research report on Thursday, October 17th. They issued a "buy" rating and a $35.00 price objective for the company. Finally, StockNews.com cut shares of Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 12th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $34.00.
View Our Latest Research Report on Enterprise Products Partners
Enterprise Products Partners Price Performance
The stock's 50-day moving average is $29.39 and its 200 day moving average is $29.03. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.68. The company has a market cap of $67.45 billion, a PE ratio of 11.67, a PEG ratio of 1.57 and a beta of 1.04.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The firm had revenue of $13.78 billion for the quarter, compared to analysts' expectations of $13.87 billion. During the same period in the previous year, the company earned $0.60 EPS. The company's revenue was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current fiscal year.
Enterprise Products Partners Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.10 dividend on an annualized basis and a yield of 6.75%. Enterprise Products Partners's payout ratio is 78.65%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of EPD. Hantz Financial Services Inc. acquired a new position in Enterprise Products Partners during the 2nd quarter valued at approximately $25,000. Mascoma Wealth Management LLC acquired a new stake in Enterprise Products Partners during the second quarter valued at $29,000. DiNuzzo Private Wealth Inc. grew its position in Enterprise Products Partners by 1,000.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 1,000 shares during the period. Assetmark Inc. grew its position in Enterprise Products Partners by 19,800.0% during the third quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer's stock valued at $35,000 after buying an additional 1,188 shares during the period. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in Enterprise Products Partners during the third quarter valued at $36,000. Institutional investors and hedge funds own 26.07% of the company's stock.
About Enterprise Products Partners
(
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Enterprise 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.
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