Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) were down 1.3% on Tuesday . The company traded as low as $27.95 and last traded at $28.22. Approximately 2,922,474 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 4,932,898 shares. The stock had previously closed at $28.59.
Analyst Ratings Changes
EPD has been the topic of several recent research reports. Barclays lifted their price objective on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Tuesday, March 26th. StockNews.com upgraded Enterprise Products Partners from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 9th. Scotiabank raised their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the company a "sector outperform" rating in a research report on Thursday, April 4th. Stifel Nicolaus lifted their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. Finally, 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. 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, Enterprise Products Partners presently has an average rating of "Buy" and an average target price of $32.58.
Get Our Latest Analysis on Enterprise Products Partners
Enterprise Products Partners Price Performance
The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $28.62 and a two-hundred day moving average of $27.34. The firm has a market cap of $60.86 billion, a P/E ratio of 11.14 and a beta of 1.02.
Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $14.62 billion during the quarter, compared to analyst estimates of $12.43 billion. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The business's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. Sell-side analysts expect that Enterprise Products Partners L.P. will post 2.63 EPS for the current year.
Enterprise Products Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 7.34%. The ex-dividend date is Monday, April 29th. Enterprise Products Partners's payout ratio is 81.75%.
Institutional Trading of Enterprise Products Partners
Several hedge funds and other institutional investors have recently modified their holdings of the business. Cerity Partners LLC lifted its holdings in shares of Enterprise Products Partners by 89.9% during the 4th quarter. Cerity Partners LLC now owns 289,549 shares of the oil and gas producer's stock valued at $7,630,000 after buying an additional 137,044 shares during the last quarter. Kingsview Wealth Management LLC grew its position in Enterprise Products Partners by 8.7% in the third quarter. Kingsview Wealth Management LLC now owns 38,550 shares of the oil and gas producer's stock worth $1,055,000 after acquiring an additional 3,075 shares in the last quarter. Cullen Investment Group LTD. acquired a new position in shares of Enterprise Products Partners during the 4th quarter worth $7,542,000. Sapient Capital LLC bought a new position in shares of Enterprise Products Partners during the 4th quarter valued at $3,271,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Enterprise Products Partners in the 3rd quarter valued at $3,793,000. Institutional investors and hedge funds 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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