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 1.1 %

Shares of EPD Stock opened at $26.41 on Thursday. Enterprise Products Partners has a 52-week low of $20.42 and a 52-week high of $28.65. The stock has a market cap of $57.59 billion, a price-to-earnings ratio of 11.90 and a beta of 1.16. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.67 and a current ratio of 0.84. The firm has a fifty day moving average of $25.59 and a 200-day moving average of $25.47.

Enterprise Products Partners (NYSE:EPD - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. Enterprise Products Partners had a net margin of 9.54% and a return on equity of 19.08%. The company had revenue of $16.06 billion during the quarter, compared to analysts' expectations of $11.96 billion. During the same quarter in the prior year, the company posted $0.51 EPS. The business's revenue was up 69.9% on a year-over-year basis. On average, equities research analysts forecast that Enterprise Products Partners will post 2.51 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, July 29th will be issued a $0.475 dividend. This is a positive change from Enterprise Products Partners's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $1.90 annualized dividend and a dividend yield of 7.19%. Enterprise Products Partners's dividend payout ratio is presently 85.59%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EPD shares. Raymond James boosted their price objective on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 4th. Morgan Stanley boosted their price objective on shares of 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. TD Securities boosted their price objective on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Thursday, August 4th. UBS Group boosted their price objective on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, July 8th. Finally, Mizuho upped their target price on shares of Enterprise Products Partners from $30.00 to $32.00 in a research note on Tuesday, May 3rd. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.00.

Insider Transactions at Enterprise Products Partners

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