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 Upgrades and Downgrades

A number of equities analysts have issued reports on EPD shares. TD Securities lifted their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, August 4th. Truist Financial lifted their target price on Enterprise Products Partners from $27.00 to $30.00 in a research report on Tuesday, May 3rd. Raymond James increased their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 4th. US Capital Advisors reaffirmed a "buy" rating on shares of Enterprise Products Partners in a report on Wednesday, June 1st. Finally, UBS Group increased their target price on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the company a "buy" rating in a report on Friday, July 8th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Enterprise Products Partners presently has an average rating of "Moderate Buy" and an average target price of $30.00.

Enterprise Products Partners Stock Performance

NYSE:EPD opened at $26.96 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.65 and a current ratio of 0.87. The company has a market capitalization of $58.75 billion, a PE ratio of 12.14 and a beta of 1.16. Enterprise Products Partners has a 52-week low of $20.42 and a 52-week high of $28.65. The company has a 50-day simple moving average of $25.44 and a 200 day simple moving average of $25.58.

Enterprise Products Partners (NYSE:EPD - Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The oil and gas producer reported $0.64 EPS for the quarter, topping 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 18.97%. The company had revenue of $16.06 billion for the quarter, compared to analysts' expectations of $11.96 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. Enterprise Products Partners's revenue was up 69.9% on a year-over-year basis. On average, research analysts predict that Enterprise Products Partners will post 2.52 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, July 29th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date of this dividend was Thursday, July 28th. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.47. Enterprise Products Partners's dividend payout ratio is currently 85.59%.

Insider Transactions at Enterprise Products Partners

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