Enterprise Products Partners (NYSE:EPD) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Enterprise Products Partners (NYSE:EPD - Get Free Report) issued its quarterly earnings data on Tuesday. The oil and gas producer reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.05, RTT News reports. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 earnings per share.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock traded up $0.09 on Friday, reaching $32.96. 3,670,958 shares of the stock were exchanged, compared to its average volume of 4,904,006. Enterprise Products Partners has a twelve month low of $26.14 and a twelve month high of $34.63. The business has a 50 day moving average price of $32.52 and a two-hundred day moving average price of $30.62. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $71.45 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.54 and a beta of 1.09.

Enterprise Products Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 6.49%. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, January 31st. Enterprise Products Partners's dividend payout ratio (DPR) is presently 79.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wolfe Research cut shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. US Capital Advisors upgraded shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Wells Fargo & Company cut Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 price objective for the company. in a research report on Wednesday, December 18th. Finally, Scotiabank initiated coverage on Enterprise Products Partners in a research report on Friday, January 10th. They set a "sector perform" rating and a $33.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.70.

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.