Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) shares fell 0.6% on Tuesday after Barclays lowered their price target on the stock from $37.00 to $36.00. Barclays currently has an overweight rating on the stock. Enterprise Products Partners traded as low as $32.36 and last traded at $32.35. 726,139 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 4,382,579 shares. The stock had previously closed at $32.55.
A number of other brokerages also recently weighed in on EPD. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Wall Street Zen raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Finally, Morgan Stanley lifted their price target on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Enterprise Products Partners currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.56.
Get Our Latest Analysis on EPD
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Spinnaker Trust bought a new position in shares of Enterprise Products Partners in the fourth quarter worth approximately $280,000. FourThought Financial Partners LLC grew its holdings in shares of 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 worth $4,407,000 after purchasing an additional 21,970 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Enterprise Products Partners by 7.3% in the fourth 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 during the last quarter. Trek Financial LLC bought a new position in shares of Enterprise Products Partners in the fourth quarter worth approximately $3,405,000. Finally, Evernest Financial Advisors LLC bought a new position in shares of Enterprise Products Partners in the fourth quarter worth approximately $627,000. 26.07% of the stock is owned by hedge funds and other institutional investors.
Enterprise Products Partners Price Performance
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 stock has a market cap of $67.82 billion, a P/E ratio of 11.62, a PEG ratio of 1.37 and a beta of 0.67. The firm's fifty day moving average price is $31.48 and its 200-day moving average price is $32.21.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its 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). Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $14.14 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. Analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.
Enterprise Products Partners Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.84%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is currently 80.15%.
About Enterprise Products Partners
(
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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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