Enterprise Products Partners (NYSE:EPD) Stock Price Up 0.5% - Should You Buy?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) rose 0.5% during mid-day trading on Wednesday . The company traded as high as $30.23 and last traded at $30.11. Approximately 798,949 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 4,368,056 shares. The stock had previously closed at $29.95.

Analysts Set New Price Targets

Several equities analysts have issued reports on EPD shares. Citigroup restated a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. JPMorgan Chase & Co. boosted their target price on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Barclays increased 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 report on Friday, March 14th. Finally, StockNews.com upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Enterprise Products Partners has a consensus rating of "Moderate Buy" and a consensus price target of $36.89.

Enterprise Products Partners Price Performance

The stock's fifty day simple moving average is $31.77 and its 200 day simple moving average is $32.03. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The firm has a market capitalization of $67.35 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.37 and a beta of 0.67.

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 analysts' consensus estimates 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 analyst estimates of $14.14 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. The business's revenue was up 4.5% on a year-over-year basis. On average, equities research analysts predict that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's payout ratio is 80.15%.

Institutional Investors Weigh In On Enterprise Products Partners

A number of large investors have recently bought and sold shares of EPD. Rosenberg Matthew Hamilton boosted its position in shares of Enterprise Products Partners by 364.4% in the fourth quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock worth $26,000 after buying an additional 656 shares during the period. Tidemark LLC raised its position in Enterprise Products Partners by 54.3% in 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 in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth $29,000. Crowley Wealth Management Inc. acquired a new position in Enterprise Products Partners in the 4th quarter worth approximately $30,000. Finally, Security National Bank acquired a new position in shares of Enterprise Products Partners in the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 26.07% of the company's stock.

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.