Enterprise Products (NYSE:EPD) – Stock analysts at US Capital Advisors reduced their FY2019 earnings per share (EPS) estimates for Enterprise Products in a report issued on Friday, April 6th. US Capital Advisors analyst B. Followill now expects that the oil and gas producer will earn $1.63 per share for the year, down from their previous forecast of $1.67. US Capital Advisors also issued estimates for Enterprise Products’ FY2020 earnings at $1.72 EPS.
Several other analysts have also issued reports on EPD. Tudor Pickering upgraded shares of Enterprise Products from a “hold” rating to a “buy” rating in a research report on Wednesday, December 13th. Credit Suisse Group started coverage on shares of Enterprise Products in a research report on Thursday, January 4th. They set an “outperform” rating and a $31.00 price target on the stock. Bank of America started coverage on shares of Enterprise Products in a research report on Tuesday, January 9th. They set a “buy” rating on the stock. Jefferies Group reiterated a “buy” rating and set a $31.00 price target on shares of Enterprise Products in a research report on Friday, January 12th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $34.00 price target on shares of Enterprise Products in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Enterprise Products currently has a consensus rating of “Buy” and an average price target of $31.18.
NYSE EPD opened at $24.22 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.53 and a debt-to-equity ratio of 0.95. The company has a market cap of $52,341.72, a P/E ratio of 18.35, a PEG ratio of 3.87 and a beta of 0.84. Enterprise Products has a 1 year low of $23.10 and a 1 year high of $29.51.
Enterprise Products (NYSE:EPD) last posted its quarterly earnings results on Wednesday, January 31st. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business had revenue of $8.43 billion for the quarter, compared to analyst estimates of $7.02 billion. Enterprise Products had a net margin of 9.57% and a return on equity of 12.52%. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS.
In related news, CEO Aj Teague acquired 24,665 shares of the company’s stock in a transaction that occurred on Thursday, March 29th. The stock was acquired at an average price of $24.54 per share, with a total value of $605,279.10. Following the purchase, the chief executive officer now directly owns 1,616,790 shares in the company, valued at $39,676,026.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 37.50% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Global Trust Asset Management LLC bought a new position in shares of Enterprise Products during the fourth quarter valued at $123,000. Vigilant Capital Management LLC bought a new position in shares of Enterprise Products during the fourth quarter valued at $126,000. Johnson Financial Group Inc. raised its stake in shares of Enterprise Products by 315.8% during the fourth quarter. Johnson Financial Group Inc. now owns 5,256 shares of the oil and gas producer’s stock valued at $140,000 after acquiring an additional 3,992 shares during the last quarter. First Dallas Securities Inc. bought a new position in shares of Enterprise Products during the fourth quarter valued at $143,000. Finally, Trust Department MB Financial Bank N A raised its stake in shares of Enterprise Products by 81.4% during the fourth quarter. Trust Department MB Financial Bank N A now owns 5,528 shares of the oil and gas producer’s stock valued at $147,000 after acquiring an additional 2,480 shares during the last quarter. 36.32% of the stock is owned by hedge funds and other institutional investors.
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About Enterprise Products
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.
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