Enterprise Products Partners (NYSE:EPD) Trading Up 0% - Still a Buy?

Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) rose 0% during trading on Thursday . The company traded as high as $32.09 and last traded at $32.00. Approximately 1,351,842 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 4,386,086 shares. The stock had previously closed at $32.00.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EPD shares. Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Barclays upped their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, March 14th. StockNews.com raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Citigroup reduced their target price on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Morgan Stanley increased their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Enterprise Products Partners currently has an average rating of "Moderate Buy" and a consensus target price of $36.67.

Enterprise Products Partners Trading Up 0.4%

The stock has a market cap of $69.68 billion, a P/E ratio of 11.95, a PEG ratio of 1.37 and a beta of 0.67. 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 business's 50 day simple moving average is $31.68 and its 200 day simple moving average is $32.07.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.05). The company had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. On average, analysts expect that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date of this dividend was Wednesday, April 30th. Enterprise Products Partners's payout ratio is presently 80.15%.

Hedge Funds Weigh In On Enterprise Products Partners

Several hedge funds have recently made changes to their positions in EPD. Trust Co. of Vermont boosted its stake in shares of Enterprise Products Partners by 10.0% during the 4th quarter. Trust Co. of Vermont now owns 3,307 shares of the oil and gas producer's stock worth $104,000 after buying an additional 300 shares during the last quarter. Griffin Asset Management Inc. grew its holdings in Enterprise Products Partners by 0.8% during the fourth quarter. Griffin Asset Management Inc. now owns 38,364 shares of the oil and gas producer's stock worth $1,203,000 after purchasing an additional 305 shares during the period. Evanson Asset Management LLC lifted its holdings in Enterprise Products Partners by 0.4% during the 4th quarter. Evanson Asset Management LLC now owns 73,470 shares of the oil and gas producer's stock valued at $2,304,000 after purchasing an additional 306 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Enterprise Products Partners by 14.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock valued at $78,000 after purchasing an additional 308 shares during the last quarter. Finally, Sandbox Financial Partners LLC lifted its holdings in Enterprise Products Partners by 3.2% during the 4th quarter. Sandbox Financial Partners LLC now owns 10,103 shares of the oil and gas producer's stock valued at $317,000 after purchasing an additional 309 shares during the last quarter. 26.07% of the stock is 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.

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