Enterprise Products Partners (NYSE:EPD) Shares Down 0.1% - Here's What Happened

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) traded down 0.1% during trading on Monday . The stock traded as low as $32.19 and last traded at $32.37. 810,548 shares were traded during mid-day trading, a decline of 82% from the average session volume of 4,387,319 shares. The stock had previously closed at $32.41.

Analyst Ratings Changes

A number of equities analysts have issued reports on EPD shares. Royal Bank of Canada reissued an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Barclays boosted their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Scotiabank raised their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. StockNews.com raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Finally, Argus raised Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Four 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $36.67.

Enterprise Products Partners Stock Performance

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The stock has a market cap of $70.62 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.37 and a beta of 0.67. The firm has a 50 day moving average of $31.64 and a two-hundred day moving average of $32.16.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 10.49% and a return on equity of 20.48%. The company's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 earnings per share. On average, research analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.57%. The ex-dividend date of this dividend was Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio is 80.15%.

Hedge Funds Weigh In On Enterprise Products Partners

Several institutional investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of Enterprise Products Partners in the first quarter worth about $27,000. Tidemark LLC raised its position in shares of Enterprise Products Partners by 54.3% during the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after acquiring an additional 318 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of Enterprise Products Partners during the first quarter valued at $28,000. Lee Danner & Bass Inc. bought a new position in Enterprise Products Partners in the fourth quarter valued at about $29,000. Finally, Crowley Wealth Management Inc. acquired a new stake in Enterprise Products Partners in the fourth quarter worth about $30,000. 26.07% of the stock is owned by institutional investors.

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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