Enterprise Products Partners (NYSE:EPD) Stock Price Down 1.6% - Time to Sell?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s stock price was down 1.6% during trading on Monday . The stock traded as low as $33.88 and last traded at $33.89. Approximately 1,463,018 shares were traded during trading, a decline of 66% from the average daily volume of 4,299,346 shares. The stock had previously closed at $34.43.

Analyst Ratings Changes

EPD has been the subject of several recent analyst reports. StockNews.com lowered Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 12th. US Capital Advisors raised Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, October 30th. Finally, Bank of America began coverage on Enterprise Products Partners in a report on Thursday, October 17th. They issued a "buy" rating and a $35.00 price target for the company. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners currently has an average rating of "Buy" and an average price target of $34.00.

Enterprise Products Partners Trading Down 1.3 %

The company has a fifty day moving average of $30.11 and a 200-day moving average of $29.36. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $73.68 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.78 and a beta of 1.04.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The business had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.31%. The firm's revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 EPS. As a group, equities research analysts anticipate that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date was Thursday, October 31st. Enterprise Products Partners's dividend payout ratio (DPR) is 78.65%.

Institutional Trading of Enterprise Products Partners

Large investors have recently modified their holdings of the stock. Hantz Financial Services Inc. acquired a new position in Enterprise Products Partners during the 2nd quarter worth approximately $25,000. Mascoma Wealth Management LLC purchased a new stake in Enterprise Products Partners during the 2nd quarter worth about $29,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Enterprise Products Partners by 1,000.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 1,000 shares in the last quarter. Assetmark Inc. lifted its position in shares of Enterprise Products Partners by 19,800.0% during the 3rd quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer's stock worth $35,000 after buying an additional 1,188 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of Enterprise Products Partners in the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

About Enterprise Products Partners

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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