Citigroup Has Lowered Expectations for Enterprise Products Partners (NYSE:EPD) Stock Price

Enterprise Products Partners (NYSE:EPD - Get Free Report) had its price objective reduced by equities research analysts at Citigroup from $37.00 to $35.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the oil and gas producer's stock. Citigroup's price target would suggest a potential upside of 9.96% from the stock's current price.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Morgan Stanley increased their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Barclays raised their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Finally, Scotiabank increased their price target on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Enterprise Products Partners has an average rating of "Moderate Buy" and an average target price of $36.67.

Enterprise Products Partners Stock Performance

EPD stock traded up $0.43 during mid-day trading on Tuesday, hitting $31.83. 4,117,146 shares of the company were exchanged, compared to its average volume of 4,377,383. Enterprise Products Partners has a 1-year low of $27.37 and a 1-year high of $34.63. The business has a 50 day simple moving average of $31.73 and a 200-day simple moving average of $32.07. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $68.93 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The firm had revenue of $15.42 billion during the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 earnings per share. On average, equities analysts forecast that Enterprise Products Partners will post 2.9 earnings per share for the current year.

Institutional Trading of Enterprise Products Partners

A number of institutional investors have recently bought and sold shares of EPD. Verity & Verity LLC grew its position in shares of Enterprise Products Partners by 30.8% during the 4th quarter. Verity & Verity LLC now owns 110,648 shares of the oil and gas producer's stock worth $3,470,000 after buying an additional 26,032 shares during the period. Spinnaker Trust bought a new stake in Enterprise Products Partners in the fourth quarter valued at $280,000. FourThought Financial Partners LLC increased its stake in Enterprise Products Partners by 18.5% in the fourth quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer's stock valued at $4,407,000 after purchasing an additional 21,970 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Enterprise Products Partners by 7.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 310,132 shares of the oil and gas producer's stock worth $9,726,000 after purchasing an additional 21,192 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Enterprise Products Partners by 16.2% in the 3rd quarter. Franklin Resources Inc. now owns 156,933 shares of the oil and gas producer's stock valued at $4,628,000 after buying an additional 21,834 shares in the last quarter. Institutional investors 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.

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