Enterprise Products Partners L.P. (NYSE:EPD) – Research analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Enterprise Products Partners in a note issued to investors on Wednesday, according to Zacks Investment Research. Jefferies Group analyst C. Sighinolfi forecasts that the oil and gas producer will post earnings per share of $0.35 for the quarter. Jefferies Group has a “Buy” rating and a $31.00 price objective on the stock. Jefferies Group also issued estimates for Enterprise Products Partners’ Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.39 EPS, FY2019 earnings at $1.55 EPS, FY2020 earnings at $1.66 EPS and FY2021 earnings at $1.77 EPS.
Several other research firms also recently weighed in on EPD. Credit Suisse Group started coverage on shares of Enterprise Products Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $31.00 price target for the company. Scotiabank set a $33.00 price target on shares of Enterprise Products Partners and gave the company a “buy” rating in a research note on Sunday, October 15th. Bank of America started coverage on shares of Enterprise Products Partners in a research note on Tuesday. They issued a “buy” rating for the company. BMO Capital Markets set a $33.00 price target on shares of Enterprise Products Partners and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Seaport Global Securities started coverage on shares of Enterprise Products Partners in a research note on Tuesday, October 10th. They issued a “neutral” rating and a $29.00 price target for the company. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $30.99.
Enterprise Products Partners (NYSE:EPD) traded up $0.27 on Friday, reaching $28.88. 6,109,800 shares of the company’s stock traded hands, compared to its average volume of 6,230,000. Enterprise Products Partners has a 12-month low of $23.59 and a 12-month high of $30.25. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $62,060.00, a P/E ratio of 26.02, a P/E/G ratio of 3.79 and a beta of 0.90.
Hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. grew its position in Enterprise Products Partners by 14.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock worth $107,000 after purchasing an additional 500 shares in the last quarter. Ffcm LLC bought a new stake in Enterprise Products Partners in the 3rd quarter worth about $112,000. First Eagle Investment Management LLC bought a new stake in Enterprise Products Partners in the 2nd quarter worth about $130,000. Jacobi Capital Management LLC grew its position in Enterprise Products Partners by 690.9% in the 2nd quarter. Jacobi Capital Management LLC now owns 5,449 shares of the oil and gas producer’s stock worth $148,000 after purchasing an additional 4,760 shares in the last quarter. Finally, Acrospire Investment Management LLC grew its position in Enterprise Products Partners by 571.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 5,640 shares of the oil and gas producer’s stock worth $153,000 after purchasing an additional 4,800 shares in the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.
In other news, Director Carin Marcy Barth acquired 12,000 shares of Enterprise Products Partners stock in a transaction on Monday, November 6th. The stock was acquired at an average cost of $25.00 per share, with a total value of $300,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Aj Teague acquired 11,300 shares of Enterprise Products Partners stock in a transaction on Wednesday, December 27th. The stock was purchased at an average cost of $26.47 per share, with a total value of $299,111.00. Following the completion of the transaction, the chief executive officer now directly owns 1,474,183 shares in the company, valued at approximately $39,021,624.01. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 31,550 shares of company stock valued at $799,256. 37.50% of the stock is currently owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.425 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a dividend yield of 5.89%. Enterprise Products Partners’s payout ratio is presently 152.25%.
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Enterprise Products Partners Company Profile
Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
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