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.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley upped their target price on Enterprise Products Partners from $27.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 26th. Raymond James increased their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 4th. Mizuho increased their price objective on Enterprise Products Partners from $30.00 to $32.00 in a report on Tuesday, May 3rd. UBS Group raised their price target on Enterprise Products Partners from $31.00 to $33.00 and gave the company a "buy" rating in a report on Friday, July 8th. Finally, Truist Financial raised their price target on Enterprise Products Partners from $27.00 to $30.00 in a report on Tuesday, May 3rd. 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.00.

Enterprise Products Partners Stock Up 1.6 %

Shares of EPD opened at $26.84 on Friday. The business's 50 day moving average is $25.56 and its 200 day moving average is $25.48. The company has a market capitalization of $58.52 billion, a PE ratio of 12.08 and a beta of 1.16. Enterprise Products Partners has a 12-month low of $20.42 and a 12-month high of $28.65. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 1.01.

Enterprise Products Partners (NYSE:EPD - Get Rating) last issued its earnings results on Wednesday, August 3rd. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $16.06 billion for the quarter, compared to the consensus estimate of $11.96 billion. Enterprise Products Partners had a return on equity of 19.08% and a net margin of 9.54%. The firm's quarterly revenue was up 69.9% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. Research analysts expect that Enterprise Products Partners will post 2.51 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, July 29th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 7.08%. The ex-dividend date is Thursday, July 28th. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.47. Enterprise Products Partners's dividend payout ratio (DPR) is 85.59%.

Insiders Place Their Bets

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