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 Stock Performance

EPD opened at $25.95 on Tuesday. Enterprise Products Partners has a 52-week low of $20.42 and a 52-week high of $28.65. The company has a quick ratio of 0.67, a current ratio of 0.84 and a debt-to-equity ratio of 1.01. The company has a market cap of $56.58 billion, a P/E ratio of 11.69 and a beta of 1.16. The firm's 50-day moving average price is $25.61 and its 200-day moving average price is $25.47.

Enterprise Products Partners (NYSE:EPD - Get Rating) last posted its quarterly earnings data 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. Enterprise Products Partners had a net margin of 9.54% and a return on equity of 19.08%. The firm had revenue of $16.06 billion for the quarter, compared to the consensus estimate of $11.96 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company's revenue for the quarter was up 69.9% compared to the same quarter last year. As a group, equities analysts anticipate that Enterprise Products Partners will post 2.51 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, July 29th will be issued a dividend of $0.475 per share. The ex-dividend date is Thursday, July 28th. This represents a $1.90 annualized dividend and a dividend yield of 7.32%. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.47. Enterprise Products Partners's dividend payout ratio is 85.59%.

Analysts Set New Price Targets

Several analysts recently weighed in on EPD shares. Morgan Stanley lifted their price objective on Enterprise Products Partners from $27.00 to $31.00 and gave the company an "equal weight" rating in a report on Tuesday, April 26th. Truist Financial lifted their price objective on Enterprise Products Partners from $27.00 to $30.00 in a report on Tuesday, May 3rd. TD Securities lifted their price objective on Enterprise Products Partners from $30.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, August 4th. Raymond James boosted their target price on shares of Enterprise Products Partners from $31.00 to $32.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 4th. Finally, UBS Group boosted their target price on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock a "buy" rating in a report on Friday, July 8th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.00.

Insider Activity

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