Enterprise Products Partners (NYSE:EPD) Stock Price Expected to Rise, Truist Financial Analyst Says

Key Points

• Truist raised its price target on Enterprise Products Partners from $36.00 to $40.00 but kept a "hold" rating, implying only about a 3.08% upside from the prior close.
• Analyst sentiment is mixed-to-positive with a consensus rating of "Moderate Buy" and a consensus target of $38.93 (breakdown: 1 Strong Buy, 9 Buy, 7 Hold, 1 Sell).
• The company reported Q1 EPS of $0.68 (a $0.03 miss) but beat revenue expectations at $14.39 billion; shares traded around $38.81 near their 52‑week high, and CEO Aj Teague purchased additional shares, increasing insider ownership.

Enterprise Products Partners (NYSE:EPD - Get Free Report) had its target price boosted by equities research analysts at Truist Financial from $36.00 to $40.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the oil and gas producer's stock. Truist Financial's price objective points to a potential upside of 3.08% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. Raymond James Financial downgraded shares of Enterprise Products Partners from a "strong-buy" rating to an "outperform" rating and set a $36.00 target price on the stock. in a report on Monday, January 5th. Wall Street Zen upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Monday, April 6th. UBS Group reissued a "buy" rating on shares of Enterprise Products Partners in a report on Wednesday, March 4th. Royal Bank Of Canada raised their price objective on Enterprise Products Partners from $40.00 to $42.00 and gave the company an "outperform" rating in a research report on Monday, March 30th. Finally, Barclays boosted their target price on Enterprise Products Partners from $38.00 to $39.00 and gave the stock an "overweight" rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners has an average rating of "Moderate Buy" and a consensus target price of $38.93.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD traded up $0.78 during trading on Monday, hitting $38.81. 3,068,176 shares of the company's stock were exchanged, compared to its average volume of 4,735,144. The business's 50-day simple moving average is $37.51 and its 200 day simple moving average is $34.27. The company has a market cap of $83.89 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 1.44 and a beta of 0.52. Enterprise Products Partners has a 52-week low of $29.68 and a 52-week high of $39.74. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.04 and a quick ratio of 0.74.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The oil and gas producer reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.03). Enterprise Products Partners had a return on equity of 19.56% and a net margin of 11.45%.The business had revenue of $14.39 billion during the quarter, compared to analysts' expectations of $13.62 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The firm's revenue for the quarter was down 6.7% on a year-over-year basis. As a group, equities analysts predict that Enterprise Products Partners will post 2.89 EPS for the current year.

Insider Buying and Selling at Enterprise Products Partners

In other Enterprise Products Partners news, CEO Aj Teague bought 2,665 shares of Enterprise Products Partners stock in a transaction dated Friday, March 20th. The shares were purchased at an average cost of $37.55 per share, for a total transaction of $100,070.75. Following the acquisition, the chief executive officer directly owned 77,576 shares in the company, valued at approximately $2,912,978.80. This represents a 3.56% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 32.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tradewinds LLC. bought a new stake in shares of Enterprise Products Partners in the 1st quarter valued at approximately $203,000. Procyon Advisors LLC raised its holdings in Enterprise Products Partners by 7.7% during the 1st quarter. Procyon Advisors LLC now owns 88,650 shares of the oil and gas producer's stock valued at $3,355,000 after buying an additional 6,337 shares during the period. Diversify Wealth Management LLC purchased a new stake in Enterprise Products Partners during the 1st quarter valued at $779,000. Valmark Advisers Inc. lifted its position in Enterprise Products Partners by 11.7% in the first quarter. Valmark Advisers Inc. now owns 10,992 shares of the oil and gas producer's stock worth $416,000 after buying an additional 1,155 shares during the last quarter. Finally, 180 Wealth Advisors LLC boosted its stake in Enterprise Products Partners by 7.2% during the first quarter. 180 Wealth Advisors LLC now owns 51,896 shares of the oil and gas producer's stock worth $1,964,000 after buying an additional 3,496 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. NYSE: EPD is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.

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