Enterprise Products Partners (NYSE:EPD) Posts Quarterly Earnings Results

Enterprise Products Partners (NYSE:EPD - Get Free Report) issued its quarterly earnings data on Tuesday. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02, Briefing.com reports. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The company had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $13.82 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The firm's revenue was up 18.6% compared to the same quarter last year.

Enterprise Products Partners Stock Performance

EPD stock traded down $0.33 during trading hours on Wednesday, reaching $27.75. The stock had a trading volume of 6,150,492 shares, compared to its average volume of 5,022,067. The stock has a market capitalization of $60.17 billion, a PE ratio of 11.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68. The stock has a 50-day simple moving average of $28.63 and a 200 day simple moving average of $27.35. Enterprise Products Partners has a fifty-two week low of $25.19 and a fifty-two week high of $29.99.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners's dividend payout ratio is currently 81.75%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EPD. Mizuho reissued a "buy" rating and set a $34.00 price objective on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Wells Fargo & Company increased their price objective on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, April 4th. Stifel Nicolaus increased their price objective on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, February 2nd. Barclays increased their target price on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Tuesday, March 26th. Finally, StockNews.com upgraded shares of Enterprise Products Partners from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 9th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Enterprise Products Partners presently has an average rating of "Buy" and an average target price of $32.75.

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.