StockNews.com downgraded shares of Enterprise Products Partners (NYSE:EPD - Free Report) from a buy rating to a hold rating in a report issued on Wednesday.
Other equities analysts have also recently issued reports about the company. Wolfe Research cut Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 10th. Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 price target on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Truist Financial raised their price target on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Barclays upped their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. Finally, Morgan Stanley increased their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $36.89.
Check Out Our Latest Analysis on EPD
Enterprise Products Partners Stock Performance
Shares of EPD stock traded up $0.54 during trading on Wednesday, reaching $30.41. 5,234,207 shares of the company's stock traded hands, compared to its average volume of 4,375,516. The firm's 50-day moving average is $32.06 and its 200 day moving average is $32.01. 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 has a 1 year low of $27.37 and a 1 year high of $34.63. The company has a market capitalization of $65.86 billion, a P/E ratio of 11.30, a PEG ratio of 1.37 and a beta of 0.67.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The firm had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business's revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. Equities research analysts expect that Enterprise Products Partners will post 2.9 EPS for the current year.
Enterprise Products Partners Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.535 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 7.04%. Enterprise Products Partners's dividend payout ratio is presently 80.15%.
Institutional Trading of Enterprise Products Partners
Several institutional investors have recently added to or reduced their stakes in the company. Barclays PLC grew its position in Enterprise Products Partners by 110.0% in the 3rd quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer's stock valued at $73,699,000 after acquiring an additional 1,326,010 shares during the last quarter. Eaton Financial Holdings Company LLC bought a new position in shares of Enterprise Products Partners in the third quarter worth about $1,066,000. Stock Yards Bank & Trust Co. increased its stake in Enterprise Products Partners by 6.1% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 60,844 shares of the oil and gas producer's stock worth $1,771,000 after buying an additional 3,500 shares during the period. World Investment Advisors LLC lifted its holdings in Enterprise Products Partners by 47.7% during the 3rd quarter. World Investment Advisors LLC now owns 39,750 shares of the oil and gas producer's stock valued at $1,157,000 after buying an additional 12,839 shares in the last quarter. Finally, Arvest Bank Trust Division purchased a new stake in Enterprise Products Partners in the 3rd quarter valued at about $445,000. Institutional investors own 26.07% of the company's stock.
About Enterprise Products Partners
(
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.
Featured Stories
Before you consider Enterprise Products Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enterprise Products Partners wasn't on the list.
While Enterprise Products Partners currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
