Enterprise Products Partners (NYSE:EPD) Trading Up 1.5% - Should You Buy?

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) shares were up 1.5% during mid-day trading on Monday . The stock traded as high as $31.30 and last traded at $31.29. Approximately 781,323 shares changed hands during trading, a decline of 82% from the average daily volume of 4,386,018 shares. The stock had previously closed at $30.82.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on EPD shares. Barclays reduced their target price on Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, May 20th. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Wall Street Zen upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Finally, Scotiabank upped their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.67.

Enterprise Products Partners Stock Up 0.8%

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 stock has a market capitalization of $67.36 billion, a P/E ratio of 11.54, a P/E/G ratio of 1.37 and a beta of 0.65. The firm has a 50-day simple moving average of $31.06 and a 200 day simple moving average of $32.25.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its 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). The firm had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. Enterprise Products Partners's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 earnings per share. On average, equities research analysts forecast 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 was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were given a $0.535 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 6.89%. Enterprise Products Partners's dividend payout ratio is presently 80.15%.

Hedge Funds Weigh In On Enterprise Products Partners

A number of hedge funds have recently made changes to their positions in EPD. Brooklyn Investment Group bought a new position in shares of Enterprise Products Partners during the first quarter worth about $27,000. Tidemark LLC raised its position 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 worth $28,000 after acquiring an additional 318 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of Enterprise Products Partners during the first quarter worth about $28,000. Lee Danner & Bass Inc. bought a new position in shares of Enterprise Products Partners during the fourth quarter worth about $29,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of Enterprise Products Partners during the fourth quarter worth about $30,000. 26.07% of the stock is currently owned by institutional investors.

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.