Enterprise Products Partners (NYSE:EPD) Stock Price Down 1.2% - What's Next?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s stock price traded down 1.2% on Friday . The stock traded as low as $28.54 and last traded at $28.61. 1,457,909 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 4,369,578 shares. The stock had previously closed at $28.95.

Analyst Upgrades and Downgrades

EPD has been the topic of a number of recent analyst reports. Barclays lifted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Wells Fargo & Company lowered Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price target for the company. in a research report on Wednesday, December 18th. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 price target on shares of Enterprise Products Partners in a report on Wednesday, March 26th. StockNews.com raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, Wolfe Research cut shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Enterprise Products Partners currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.89.

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Enterprise Products Partners Stock Up 2.1 %

The stock has a market capitalization of $67.03 billion, a P/E ratio of 11.51, a PEG ratio of 1.37 and a beta of 0.78. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The stock's fifty day moving average is $32.79 and its two-hundred day moving average is $31.87.

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 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The firm's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. As a group, research analysts predict that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.91%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's payout ratio is currently 79.55%.

Hedge Funds Weigh In On Enterprise Products Partners

Hedge funds have recently added to or reduced their stakes in the company. Trust Co. of Vermont raised its stake in shares of Enterprise Products Partners by 10.0% in the 4th quarter. Trust Co. of Vermont now owns 3,307 shares of the oil and gas producer's stock valued at $104,000 after acquiring an additional 300 shares in the last quarter. Griffin Asset Management Inc. raised its position in shares of Enterprise Products Partners by 0.8% during the fourth quarter. Griffin Asset Management Inc. now owns 38,364 shares of the oil and gas producer's stock valued at $1,203,000 after buying an additional 305 shares during the last quarter. Evanson Asset Management LLC lifted its stake in shares of Enterprise Products Partners by 0.4% in the fourth quarter. Evanson Asset Management LLC now owns 73,470 shares of the oil and gas producer's stock valued at $2,304,000 after buying an additional 306 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Enterprise Products Partners by 14.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock valued at $78,000 after purchasing an additional 308 shares in the last quarter. Finally, Sandbox Financial Partners LLC lifted its holdings in shares of Enterprise Products Partners by 3.2% during the 4th quarter. Sandbox Financial Partners LLC now owns 10,103 shares of the oil and gas producer's stock worth $317,000 after acquiring an additional 309 shares during the period. 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.