Enterprise Products Partners (NYSE:EPD) Price Target Raised to $41.00

Key Points

• Truist Financial raised Enterprise Products Partners’ price target to $41 from $40 while maintaining a “hold” rating, implying approximately 6.88% upside. Analysts overall also rate EPD “Hold,” with an average target of $40.18.
• EPD reported quarterly EPS of $0.75, matching estimates, while revenue surged 49.3% year over year to $17.95 billion, exceeding expectations. Third-quarter EBITDA rose 16% to about $2.8 billion, supported by record natural-gas and NGL volumes.
• The partnership’s outlook includes 34% projected growth in Permian wet-gas and NGL volumes through 2030 and a $6.3 billion project backlog, though higher interest rates remain a risk for valuation and income-oriented investments.

Enterprise Products Partners (NYSE:EPD - Get Free Report) had its target price hoisted by stock analysts at Truist Financial from $40.00 to $41.00 in a report issued on Friday, Benzinga reports. The firm presently has a "hold" rating on the oil and gas producer's stock. Truist Financial's price target suggests a potential upside of 6.88% from the stock's current price.

Several other research analysts have also recently weighed in on EPD. Weiss Ratings raised shares of Enterprise Products Partners from a "buy (b)" rating to a "buy (b+)" rating in a report on Friday, October 16th. Royal Bank Of Canada reissued an "outperform" rating and set a $42.00 price objective on shares of Enterprise Products Partners in a report on Tuesday, September 22nd. Wall Street Zen raised shares of Enterprise Products Partners from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 17th. Capital One Financial started coverage on Enterprise Products Partners in a research report on Tuesday, September 22nd. They set an "equal weight" rating and a $42.00 price objective on the stock. Finally, Morgan Stanley restated an "underweight" rating and issued a $41.00 price objective (up from $40.00) on shares of Enterprise Products Partners in a report on Tuesday, August 18th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Enterprise Products Partners has an average rating of "Hold" and an average target price of $40.18.

Enterprise Products Partners Stock Performance

Enterprise Products Partners stock traded down $0.69 during midday trading on Friday, reaching $38.36. The stock had a trading volume of 2,192,355 shares, compared to its average volume of 3,878,784. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $82.84 billion, a PE ratio of 13.33, a P/E/G ratio of 1.35 and a beta of 0.50. Enterprise Products Partners has a 12 month low of $30.02 and a 12 month high of $40.17. The firm's 50-day moving average price is $37.68 and its 200 day moving average price is $37.22.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The oil and gas producer reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates of $0.75. The business had revenue of $17.95 billion during the quarter, compared to analyst estimates of $14.98 billion. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. Enterprise Products Partners's revenue was up 49.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. As a group, research analysts predict that Enterprise Products Partners will post 3.10 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enterprise Products Partners

A number of institutional investors and hedge funds have recently modified their holdings of the company. Energy Income Partners LLC purchased a new stake in shares of Enterprise Products Partners during the 2nd quarter valued at $508,461,000. Bank of America Corp DE purchased a new position in Enterprise Products Partners during the 2nd quarter worth $416,553,000. BlackRock Inc. acquired a new position in Enterprise Products Partners during the 2nd quarter valued at about $255,325,000. Berkley W R Corp acquired a new position in Enterprise Products Partners during the 2nd quarter valued at about $250,887,000. Finally, Miller Howard Investments Inc. NY raised its stake in Enterprise Products Partners by 4.1% in the third quarter. Miller Howard Investments Inc. NY now owns 3,344,118 shares of the oil and gas producer's stock valued at $119,084,000 after buying an additional 132,227 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners News Summary

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: Third-quarter EBITDA increased 16% to approximately $2.8 billion, supported by record volumes across Enterprise’s natural-gas and natural-gas-liquids businesses. Revenue rose 49.3% year over year to $17.95 billion, well above the $14.98 billion analyst estimate. Enterprise Products Q3 EBITDA jumps 16% to $2.8 billion
• Positive Sentiment: Operating cash flow covered the partnership’s distribution by 1.9 times, leaving about $1.1 billion for reinvestment, unit repurchases, or debt reduction. Free cash flow also covered distributions after growth spending, reinforcing the appeal of EPD’s income-oriented investment case. Enterprise Products Partners distribution coverage
• Positive Sentiment: Management forecast 34% growth in Permian wet-gas and NGL volumes through 2030 and is advancing a $6.3 billion project backlog, providing potential long-term earnings and cash-flow catalysts. Enterprise growth outlook and project backlog
• Neutral Sentiment: Adjusted earnings of $0.75 per unit matched consensus, while US Capital Advisors made only a modest increase to its FY2027 estimate, raising it to $3.14 from $3.13. The limited upside surprise may be contributing to a restrained market response. Enterprise Products Partners earnings report
• Positive Sentiment: EPD moved above both its 50-day and 200-day moving averages, a technical signal suggesting improving short- and long-term momentum. EPD overtakes 200-day moving average
• Negative Sentiment: Pipeline partnerships can be sensitive to higher interest rates because rising borrowing costs may pressure valuations and make income-oriented securities relatively less attractive. Broader rate concerns could therefore offset EPD’s favorable operating performance. Rising-rate market risks

About Enterprise Products Partners

Enterprise Products Partners L.P. NYSE: EPD is a North American midstream energy partnership headquartered in Houston, Texas. The company provides infrastructure and services for the transportation, storage, processing and export of energy products, connecting producers with domestic and international markets.

Its operations include pipelines, storage facilities, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, and marine terminals. Enterprise handles NGLs such as ethane, propane, butanes and natural gasoline, as well as crude oil, refined products, petrochemicals and natural gas.

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