Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) traded up 0.4% during trading on Monday . The stock traded as high as $29.00 and last traded at $28.95. 1,163,311 shares changed hands during trading, a decline of 76% from the average session volume of 4,862,546 shares. The stock had previously closed at $28.84.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Scotiabank upped their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "sector outperform" rating in a report on Thursday, April 4th. StockNews.com raised shares of Enterprise Products Partners from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 9th. Royal Bank of Canada reissued an "outperform" rating and issued a $35.00 price target on shares of Enterprise Products Partners in a research note on Friday, April 5th. Mizuho restated a "buy" rating and issued a $34.00 price target on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Finally, Wells Fargo & Company boosted their price objective on Enterprise Products Partners from $32.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, April 4th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Enterprise Products Partners has a consensus rating of "Buy" and an average target price of $32.58.
View Our Latest Analysis on EPD
Enterprise Products Partners Trading Up 0.6 %
The firm has a 50-day moving average price of $28.36 and a 200-day moving average price of $27.27. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $62.89 billion, a PE ratio of 11.55 and a beta of 1.02.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The business had revenue of $14.62 billion for the quarter, compared to analyst estimates of $12.43 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The company's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts forecast that Enterprise Products Partners L.P. will post 2.63 EPS for the current fiscal year.
Enterprise Products Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.515 per share. The ex-dividend date is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.10%. Enterprise Products Partners's payout ratio is 81.75%.
Hedge Funds Weigh In On Enterprise Products Partners
A number of large investors have recently added to or reduced their stakes in EPD. Accordant Advisory Group Inc bought a new position in shares of Enterprise Products Partners during the first quarter valued at approximately $26,000. Burkett Financial Services LLC bought a new position in shares of Enterprise Products Partners in the 4th quarter worth about $28,000. Stephens Consulting LLC purchased a new stake in shares of Enterprise Products Partners in the 1st quarter worth approximately $29,000. Rational Advisors LLC purchased a new stake in shares of Enterprise Products Partners in the third quarter worth $43,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of Enterprise Products Partners during the third quarter valued at approximately $48,000. Hedge funds and other institutional investors own 26.07% of the company's stock.
Enterprise Products Partners Company Profile
(
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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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