Enterprise Products Partners (NYSE:EPD) Earns "Hold" Rating from Stifel Nicolaus

Key Points

• Stifel Nicolaus reaffirmed a “Hold” rating on Enterprise Products Partners, maintaining a $40 price target—just 1.71% above the stock’s current price.
• Analyst sentiment remains mixed but averages to “Hold,” with a consensus price target of $39.87; ratings include one Strong Buy, six Buys, eight Holds and one Sell.
• Enterprise Products Partners exceeded quarterly expectations, reporting $0.84 EPS versus the $0.75 consensus and $18.27 billion in revenue, up 60.8% year over year.

Enterprise Products Partners (NYSE:EPD - Get Free Report)'s stock had its "hold" rating reissued by stock analysts at Stifel Nicolaus in a research report issued on Thursday, Benzinga reports. They presently have a $40.00 target price on the oil and gas producer's stock. Stifel Nicolaus' target price would indicate a potential upside of 1.71% from the stock's current price.

Several other equities analysts also recently issued reports on EPD. JPMorgan Chase & Co. boosted their price objective on Enterprise Products Partners from $41.00 to $42.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. UBS Group reaffirmed a "buy" rating and set a $45.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. Wall Street Zen upgraded Enterprise Products Partners from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Morgan Stanley reissued an "underweight" rating and set a $41.00 price target (up from $40.00) on shares of Enterprise Products Partners in a report on Tuesday, August 18th. Finally, TD Cowen restated a "hold" rating and set a $38.00 price objective (down from $39.00) on shares of Enterprise Products Partners in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $39.87.

Enterprise Products Partners Stock Performance

Shares of EPD opened at $39.33 on Thursday. The firm has a fifty day moving average of $38.28 and a 200-day moving average of $37.84. The company has a market cap of $84.93 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 1.42 and a beta of 0.50. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.66 and a current ratio of 0.93. Enterprise Products Partners has a 1 year low of $30.01 and a 1 year high of $40.17.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.09. The business had revenue of $18.27 billion for the quarter, compared to analysts' expectations of $13.69 billion. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. The company's revenue for the quarter was up 60.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. As a group, equities analysts anticipate that Enterprise Products Partners will post 3.03 earnings per share for the current year.

Institutional Trading of Enterprise Products Partners

Hedge funds and other institutional investors have recently made changes to their positions in the business. RFG Advisory LLC grew its position in Enterprise Products Partners by 1.3% in the second quarter. RFG Advisory LLC now owns 21,636 shares of the oil and gas producer's stock worth $795,000 after buying an additional 268 shares during the last quarter. Sigma Planning Corp increased its holdings in shares of Enterprise Products Partners by 0.8% in the second quarter. Sigma Planning Corp now owns 35,270 shares of the oil and gas producer's stock valued at $1,297,000 after buying an additional 270 shares in the last quarter. Everest Financial Group LLC lifted its position in shares of Enterprise Products Partners by 3.6% during the 1st quarter. Everest Financial Group LLC now owns 7,886 shares of the oil and gas producer's stock valued at $298,000 after acquiring an additional 271 shares during the last quarter. Renasant Bank boosted its stake in shares of Enterprise Products Partners by 1.3% during the 2nd quarter. Renasant Bank now owns 21,160 shares of the oil and gas producer's stock worth $778,000 after acquiring an additional 271 shares in the last quarter. Finally, Walker Asset Management LLC grew its holdings in shares of Enterprise Products Partners by 1.4% in the 2nd quarter. Walker Asset Management LLC now owns 20,256 shares of the oil and gas producer's stock worth $745,000 after acquiring an additional 282 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

About Enterprise Products Partners

Enterprise Products Partners L.P. NYSE: EPD is a publicly traded midstream energy partnership that provides transportation, storage, processing and export services for crude oil, natural gas, natural gas liquids (NGLs), petrochemicals and refined products. The company operates an integrated network of pipelines, processing plants, fractionation facilities, storage assets and marine terminals.

Enterprise's NGL operations include natural gas processing, NGL fractionation and the production and distribution of ethane, propane, butanes and natural gasoline.

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