Enterprise Products Partners (NYSE:EPD) Stock Rating Upgraded by Argus

Argus upgraded shares of Enterprise Products Partners (NYSE:EPD - Free Report) to a strong-buy rating in a report released on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Scotiabank boosted their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 6th. Wolfe Research downgraded Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Royal Bank of Canada restated an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Barclays increased their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. Finally, Morgan Stanley upped their target price on shares of 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.89.

Enterprise Products Partners Trading Up 1.5 %

NYSE:EPD traded up $0.46 on Monday, reaching $31.10. 3,555,303 shares of the company's stock were exchanged, compared to its average volume of 4,375,596. The firm has a market capitalization of $67.35 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67. Enterprise Products Partners has a 52-week low of $27.37 and a 52-week high of $34.63. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The business has a fifty day moving average of $31.77 and a 200-day moving average of $32.03.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its 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). The business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. Enterprise Products Partners's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share. As a group, analysts expect that Enterprise Products Partners will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.535 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.88%. Enterprise Products Partners's payout ratio is 80.15%.

Institutional Investors Weigh In On Enterprise Products Partners

Several large investors have recently modified their holdings of EPD. Rosenberg Matthew Hamilton grew its position in Enterprise Products Partners by 364.4% during 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 lifted its stake in shares of Enterprise Products Partners by 54.3% in the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after purchasing an additional 318 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Enterprise Products Partners in the 4th quarter valued at about $29,000. Crowley Wealth Management Inc. acquired a new stake in Enterprise Products Partners during the 4th quarter worth approximately $30,000. Finally, Security National Bank purchased a new position in Enterprise Products Partners in the first quarter valued at approximately $30,000. Hedge funds and other institutional investors 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.