Enterprise Products Partners (NYSE:EPD) Stock Price Down 0.7% - Time to Sell?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) traded down 0.7% during trading on Monday . The company traded as low as $31.93 and last traded at $31.96. 1,063,896 shares traded hands during trading, a decline of 75% from the average session volume of 4,290,525 shares. The stock had previously closed at $32.19.

Analyst Ratings Changes

Several research firms have recently weighed in on EPD. 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 target price for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Finally, US Capital Advisors upgraded Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $34.00.

Enterprise Products Partners Stock Performance

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The stock has a 50 day moving average of $30.83 and a 200 day moving average of $29.69. The stock has a market capitalization of $68.45 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.67 and a beta of 1.08.

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 the consensus estimate 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 business had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The firm's revenue was up 14.8% compared to the same quarter last year. Equities analysts predict that Enterprise Products Partners L.P. will post 2.69 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 6.65%. The ex-dividend date of this dividend was Thursday, October 31st. Enterprise Products Partners's payout ratio is currently 78.65%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. bought a new position in Enterprise Products Partners during the 2nd quarter valued at $25,000. Mascoma Wealth Management LLC bought a new position in Enterprise Products Partners during the second quarter valued at about $29,000. DiNuzzo Private Wealth Inc. grew its holdings 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 worth $32,000 after acquiring an additional 1,000 shares during the period. Assetmark Inc. raised its position in Enterprise Products Partners by 19,800.0% in the third quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer's stock worth $35,000 after acquiring an additional 1,188 shares in the last quarter. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in Enterprise Products Partners in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Company Profile

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.