Enterprise Products Partners - EPD Stock Forecast, Price & News

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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment offers natural gas processing and related NGL marketing services. It operates 19 natural gas processing facilities located in Colorado, Louisiana, Mississippi, New Mexico, Texas, and Wyoming; NGL pipelines; NGL fractionation facilities; NGL and related product storage facilities; and NGL marine terminals. The Crude Oil Pipelines & Services segment operates crude oil pipelines; and crude oil storage and marine terminals, which include a fleet of 255 tractor-trailer tank trucks that are used to transport crude oil. It also engages in crude oil marketing activities. The Natural Gas Pipelines & Services segment operates natural gas pipeline systems to gather, treat, and transport natural gas. It leases underground salt dome natural gas storage facilities in Napoleonville, Louisiana; owns an underground salt dome storage cavern in Wharton County, Texas; and markets natural gas. The Petrochemical & Refined Products Services segment operates propylene fractionation and related marketing activities; butane isomerization complex and related deisobutanizer operations; and octane enhancement and high purity isobutylene production facilities. It also operates refined products pipelines and terminals; and ethylene export terminals, as well as provides refined products marketing and marine transportation services. The company was founded in 1968 and is headquartered in Houston, Texas.

Enterprise Products Partners Trading Up 1.2 %

Shares of Enterprise Products Partners stock traded up $0.31 during midday trading on Friday, reaching $27.15. The company had a trading volume of 4,982,507 shares, compared to its average volume of 5,078,975. The stock has a fifty day moving average price of $25.51 and a 200 day moving average price of $25.52. Enterprise Products Partners has a fifty-two week low of $20.42 and a fifty-two week high of $28.65. The firm has a market cap of $59.17 billion, a PE ratio of 12.23 and a beta of 1.16. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.67.

Enterprise Products Partners (NYSE:EPD - Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. Enterprise Products Partners had a net margin of 9.54% and a return on equity of 18.97%. The firm had revenue of $16.06 billion during the quarter, compared to analyst estimates of $11.96 billion. During the same quarter last year, the business earned $0.51 EPS. The company's revenue was up 69.9% compared to the same quarter last year. On average, equities analysts anticipate that Enterprise Products Partners will post 2.52 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were issued a dividend of $0.475 per share. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.47. This represents a $1.90 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date of this dividend was Thursday, July 28th. Enterprise Products Partners's dividend payout ratio (DPR) is presently 85.59%.

Analyst Upgrades and Downgrades

EPD has been the topic of a number of research analyst reports. Raymond James raised their price target on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 4th. US Capital Advisors reiterated a "buy" rating on shares of Enterprise Products Partners in a report on Wednesday, June 1st. UBS Group raised their price objective on Enterprise Products Partners from $31.00 to $33.00 and gave the company a "buy" rating in a report on Friday, July 8th. Truist Financial upped their target price on Enterprise Products Partners from $27.00 to $30.00 in a report on Tuesday, May 3rd. Finally, Morgan Stanley lifted their price target on Enterprise Products Partners from $27.00 to $31.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 26th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.00.

Insider Activity at Enterprise Products Partners

In other Enterprise Products Partners news, Director Carin Marcy Barth bought 19,050 shares of the firm's stock in a transaction that occurred on Friday, June 24th. The stock was acquired at an average price of $23.64 per share, with a total value of $450,342.00. Following the completion of the purchase, the director now directly owns 19,050 shares of the company's stock, valued at approximately $450,342. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Carin Marcy Barth purchased 19,050 shares of Enterprise Products Partners stock in a transaction on Friday, June 24th. The stock was acquired at an average cost of $23.64 per share, for a total transaction of $450,342.00. Following the completion of the acquisition, the director now owns 19,050 shares of the company's stock, valued at approximately $450,342. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John R. Rutherford acquired 6,500 shares of the company's stock in a transaction dated Thursday, August 4th. The shares were bought at an average price of $25.78 per share, for a total transaction of $167,570.00. Following the acquisition, the director now directly owns 113,941 shares of the company's stock, valued at approximately $2,937,398.98. The disclosure for this purchase can be found here. 37.50% of the stock is owned by corporate insiders.