Stifel Nicolaus Issues Pessimistic Forecast for Enterprise Products Partners (NYSE:EPD) Stock Price

Key Points

• Stifel Nicolaus has reduced its price target for Enterprise Products Partners from $36.00 to $35.00, indicating a potential upside of 12.10% from the stock's previous close despite maintaining a "buy" rating.
• Analysts' ratings for EPD vary, with five analysts giving a "hold" rating, nine a "buy," and two a "strong buy," resulting in a consensus rating of "Moderate Buy" and a price target of $36.25.
• Enterprise Products Partners reported a decrease in quarterly revenue of 15.7% year-over-year, with earnings per share of $0.66, slightly missing analyst expectations.

Enterprise Products Partners (NYSE:EPD - Get Free Report) had its price target lowered by Stifel Nicolaus from $36.00 to $35.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the oil and gas producer's stock. Stifel Nicolaus' price target would suggest a potential upside of 12.10% from the stock's previous close.

Several other analysts have also commented on EPD. TD Cowen assumed coverage on Enterprise Products Partners in a report on Monday, July 7th. They issued a "hold" rating and a $33.00 price objective on the stock. Scotiabank upped their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Barclays reduced their price objective on Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, July 2nd. Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a report on Monday, May 5th. Finally, Citigroup lowered their target price on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Enterprise Products Partners has a consensus rating of "Moderate Buy" and a consensus price target of $36.25.

Enterprise Products Partners Stock Down 1.0%

Shares of Enterprise Products Partners stock opened at $31.22 on Tuesday. The company's 50 day moving average price is $31.42 and its 200-day moving average price is $32.08. Enterprise Products Partners has a 52-week low of $27.37 and a 52-week high of $34.63. The stock has a market capitalization of $67.72 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 1.82 and a beta of 0.64. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.86.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The oil and gas producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Enterprise Products Partners had a return on equity of 19.90% and a net margin of 10.26%. The business had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $15.24 billion. During the same quarter in the previous year, the company earned $0.64 earnings per share. The company's revenue for the quarter was down 15.7% compared to the same quarter last year. Equities research analysts forecast that Enterprise Products Partners will post 2.9 EPS for the current year.

Institutional Trading of Enterprise Products Partners

A number of institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Enterprise Products Partners in the first quarter valued at about $27,000. Wealth Preservation Advisors LLC acquired a new stake in Enterprise Products Partners in the 1st quarter valued at approximately $28,000. Security National Bank bought a new position in Enterprise Products Partners during the first quarter valued at about $30,000. Alpine Bank Wealth Management purchased a new position in shares of Enterprise Products Partners during the first quarter valued at $31,000. Finally, Crowley Wealth Management Inc. purchased a new position in Enterprise Products Partners in the second quarter valued at about $29,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

About Enterprise Products Partners

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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