Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) fell 0.6% during trading on Monday . The company traded as low as $28.84 and last traded at $28.87. 1,410,368 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 4,865,665 shares. The stock had previously closed at $29.05.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on EPD. Wells Fargo & Company raised their price target on Enterprise Products Partners from $32.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, April 4th. StockNews.com raised Enterprise Products Partners from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 9th. Scotiabank lifted their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "sector outperform" rating in a research note on Thursday, April 4th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $35.00 price objective on shares of Enterprise Products Partners in a research note on Friday, April 5th. Finally, Barclays lifted their price objective on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 26th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $32.58.
View Our Latest Research Report on EPD
Enterprise Products Partners Stock Performance
The stock has a market cap of $61.84 billion, a P/E ratio of 11.44 and a beta of 1.02. The company has a fifty day moving average price of $28.14 and a 200 day moving average price of $27.22. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $14.62 billion for the quarter, compared to analysts' expectations of $12.43 billion. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. Enterprise Products Partners's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 earnings per share. On average, equities analysts expect that Enterprise Products Partners L.P. will post 2.62 EPS for the current year.
Enterprise Products Partners Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be given 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 dividend yield of 7.22%. Enterprise Products Partners's payout ratio is 81.75%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Fairfield Bush & CO. purchased a new position in Enterprise Products Partners in the second quarter worth $26,000. Pacific Center for Financial Services purchased a new position in Enterprise Products Partners in the first quarter worth $27,000. Burkett Financial Services LLC purchased a new position in Enterprise Products Partners in the fourth quarter worth $28,000. Financial Freedom LLC purchased a new position in Enterprise Products Partners in the fourth quarter worth $38,000. Finally, Rational Advisors LLC purchased a new position in Enterprise Products Partners in the third quarter worth $43,000. Hedge funds and other institutional investors own 26.07% of the company's stock.
About Enterprise Products Partners
(
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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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