Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report)'s share price was up 0.2% during trading on Monday . The stock traded as high as $28.31 and last traded at $28.16. Approximately 753,408 shares traded hands during trading, a decline of 85% from the average daily volume of 4,948,106 shares. The stock had previously closed at $28.10.
Wall Street Analyst Weigh In
Several research firms recently issued reports on EPD. Wells Fargo & Company upped their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. Truist Financial upped their price target on Enterprise Products Partners from $33.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Royal Bank of Canada reissued an "outperform" rating and set a $35.00 price target on shares of Enterprise Products Partners in a research report on Friday, April 5th. StockNews.com raised Enterprise Products Partners from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 9th. Finally, Mizuho reissued a "buy" rating and set a $34.00 price target on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $32.75.
Get Our Latest Report on EPD
Enterprise Products Partners Stock Performance
The company has a market cap of $61.52 billion, a P/E ratio of 11.04 and a beta of 1.02. The company has a 50 day moving average price of $28.64 and a 200-day moving average price of $27.35. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. 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. Enterprise Products Partners had a return on equity of 19.75% and a net margin of 10.76%. The company had revenue of $14.76 billion during the quarter, compared to analysts' expectations of $13.82 billion. During the same quarter in the prior year, the business posted $0.64 earnings per share. The company's revenue for the quarter was up 18.6% compared to the same quarter last year. Equities analysts expect that Enterprise Products Partners L.P. will post 2.7 EPS for the current fiscal year.
Enterprise Products Partners Announces Dividend
The company also recently announced 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 of this dividend is Monday, April 29th. This represents a $2.06 annualized dividend and a yield of 7.26%. Enterprise Products Partners's dividend payout ratio is currently 80.78%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Accordant Advisory Group Inc bought a new position in Enterprise Products Partners during the first quarter valued at about $26,000. Stephens Consulting LLC bought a new position in Enterprise Products Partners during the first quarter valued at about $29,000. Palisade Asset Management LLC bought a new position in Enterprise Products Partners during the first quarter valued at about $29,000. Burkett Financial Services LLC bought a new position in Enterprise Products Partners during the fourth quarter valued at about $28,000. Finally, Rational Advisors LLC bought a new position in Enterprise Products Partners during the third quarter valued at about $43,000. 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.
Further Reading
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