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.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EPD shares. Mizuho lifted their target price on shares of Enterprise Products Partners from $30.00 to $32.00 in a research note on Tuesday, May 3rd. Raymond James lifted their price objective 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. TD Securities upped their target price on Enterprise Products Partners from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, August 4th. 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 report on Tuesday, April 26th. Finally, Truist Financial increased their price objective on Enterprise Products Partners from $27.00 to $30.00 in a report on Tuesday, May 3rd. Three research 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.com, Enterprise Products Partners has a consensus rating of "Moderate Buy" and an average price target of $30.00.

Enterprise Products Partners Stock Up 0.7 %

Shares of Enterprise Products Partners stock opened at $26.12 on Wednesday. Enterprise Products Partners has a 12-month low of $20.42 and a 12-month 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 stock has a 50 day moving average price of $25.59 and a two-hundred day moving average price of $25.47. The stock has a market capitalization of $56.95 billion, a P/E ratio of 11.77 and a beta of 1.16.

Enterprise Products Partners (NYSE:EPD - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The oil and gas producer reported $0.64 earnings per share 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 19.08%. The business had revenue of $16.06 billion during the quarter, compared to analysts' expectations of $11.96 billion. During the same period in the previous year, the company earned $0.51 earnings per share. Enterprise Products Partners's revenue for the quarter was up 69.9% on a year-over-year basis. Equities analysts expect that Enterprise Products Partners will post 2.51 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, July 29th will be given a $0.475 dividend. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.47. This represents a $1.90 annualized dividend and a dividend yield of 7.27%. The ex-dividend date of this dividend is Thursday, July 28th. Enterprise Products Partners's dividend payout ratio (DPR) is currently 85.59%.

Insider Transactions at Enterprise Products Partners

In other Enterprise Products Partners news, Director John R. Rutherford bought 6,500 shares of the stock in a transaction on Thursday, August 4th. The shares were purchased at an average price of $25.78 per share, with a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Carin Marcy Barth acquired 19,050 shares of the company's stock in a transaction dated 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 acquisition, the director now 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 this hyperlink. Also, Director John R. Rutherford bought 6,500 shares of Enterprise Products Partners stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average price of $25.78 per share, with a total value of $167,570.00. Following the purchase, the director now 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 currently owned by corporate insiders.