Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) traded up 0.1% during trading on Wednesday . The company traded as high as $31.87 and last traded at $31.67. 402,247 shares changed hands during trading, a decline of 91% from the average session volume of 4,285,910 shares. The stock had previously closed at $31.63.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. StockNews.com lowered Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a report on Monday, August 12th. US Capital Advisors raised shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research note 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 on the stock. Finally, Truist Financial upped their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $34.00.
Check Out Our Latest Report on EPD
Enterprise Products Partners Stock Up 0.1 %
The company has a market cap of $68.63 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 1.60 and a beta of 1.04. The business has a fifty day moving average of $29.54 and a two-hundred day moving average of $29.11. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The company had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. Enterprise Products Partners's revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. As a group, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.69 EPS for the current fiscal year.
Enterprise Products Partners Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were given a $0.525 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.10 annualized dividend and a dividend yield of 6.63%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 78.65%.
Institutional Investors Weigh In On Enterprise Products Partners
A number of large investors have recently modified their holdings of EPD. Hantz Financial Services Inc. purchased a new stake in Enterprise Products Partners during the 2nd quarter valued at about $25,000. Mascoma Wealth Management LLC purchased a new stake in shares of Enterprise Products Partners in the second quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Enterprise Products Partners by 1,000.0% in 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 purchasing an additional 1,000 shares during the last quarter. Assetmark Inc. increased its holdings in shares of 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 valued at $35,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in Enterprise Products Partners during the third quarter worth $36,000. Hedge funds and other institutional investors own 26.07% of the company's stock.
Enterprise Products Partners Company Profile
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Get Free Report)
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.
Further Reading
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