Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s stock price was up 0% on Wednesday . The company traded as high as $30.17 and last traded at $30.27. Approximately 1,999,414 shares changed hands during trading, a decline of 62% from the average daily volume of 5,266,905 shares. The stock had previously closed at $30.26.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on EPD shares. Wolfe Research lowered shares of Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 price target on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Barclays lifted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Scotiabank raised their target price on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 6th. Finally, StockNews.com upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Enterprise Products Partners currently has an average rating of "Moderate Buy" and a consensus target price of $36.89.
Check Out Our Latest Stock Report on EPD
Enterprise Products Partners Price Performance
The stock has a market capitalization of $64.78 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 1.37 and a beta of 0.78. 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 firm has a 50-day moving average price of $32.26 and a 200 day moving average price of $31.97.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 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 business had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $14.14 billion. During the same period last year, the business posted $0.66 earnings per share. The company's revenue was up 4.5% compared to the same quarter last year. On average, analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.
Enterprise Products Partners Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 7.15%. Enterprise Products Partners's payout ratio is 79.55%.
Institutional Investors Weigh In On Enterprise Products Partners
A number of hedge funds and other institutional investors have recently modified their holdings of EPD. Rosenberg Matthew Hamilton boosted its stake in shares of Enterprise Products Partners by 364.4% during the fourth quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock valued at $26,000 after purchasing an additional 656 shares during the period. Security National Bank purchased a new stake in Enterprise Products Partners in the 1st quarter worth approximately $30,000. Alpine Bank Wealth Management bought a new stake in shares of Enterprise Products Partners in the 1st quarter worth approximately $31,000. Tidemark LLC increased its stake 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 valued at $28,000 after buying an additional 318 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Enterprise Products Partners during the fourth quarter valued at approximately $29,000. 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.
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