ValuEngine lowered shares of Enterprise Products Partners (NYSE:EPD) from a hold rating to a sell rating in a report published on Thursday morning.
Several other equities research analysts also recently issued reports on EPD. Barclays raised their price objective on shares of Enterprise Products Partners from $30.00 to $33.00 and gave the stock an overweight rating in a research note on Wednesday, July 11th. BMO Capital Markets restated a buy rating and issued a $34.00 price objective on shares of Enterprise Products Partners in a research note on Friday, July 13th. US Capital Advisors restated a buy rating on shares of Enterprise Products Partners in a research note on Tuesday, July 17th. Zacks Investment Research upgraded shares of Enterprise Products Partners from a hold rating to a buy rating and set a $33.00 price objective on the stock in a research note on Friday, July 20th. Finally, SunTrust Banks set a $33.00 price objective on shares of Enterprise Products Partners and gave the stock a buy rating in a research note on Monday, July 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $32.83.
EPD stock traded up $0.30 during midday trading on Thursday, hitting $26.94. 85,719 shares of the company traded hands, compared to its average volume of 6,062,446. Enterprise Products Partners has a twelve month low of $23.10 and a twelve month high of $30.05. The company has a quick ratio of 0.56, a current ratio of 0.74 and a debt-to-equity ratio of 1.00. The company has a market cap of $57.57 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 4.85 and a beta of 0.87.
Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Wednesday, October 31st. The oil and gas producer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.45 by $0.15. Enterprise Products Partners had a return on equity of 16.38% and a net margin of 10.23%. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.72 billion. During the same quarter last year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 39.2% compared to the same quarter last year. As a group, equities analysts expect that Enterprise Products Partners will post 1.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 8th. Investors of record on Wednesday, October 31st will be given a $0.4325 dividend. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.43. This represents a $1.73 annualized dividend and a yield of 6.42%. The ex-dividend date is Tuesday, October 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is 131.06%.
A number of hedge funds have recently modified their holdings of EPD. Tompkins Financial Corp lifted its position in Enterprise Products Partners by 150.3% in the second quarter. Tompkins Financial Corp now owns 3,830 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 2,300 shares during the period. Stelac Advisory Services LLC bought a new position in Enterprise Products Partners in the second quarter worth $109,000. Poehling Capital Management LLC bought a new position in Enterprise Products Partners in the second quarter worth $111,000. Arlington Partners LLC bought a new position in Enterprise Products Partners in the third quarter worth $115,000. Finally, Horrell Capital Management Inc. bought a new position in Enterprise Products Partners in the second quarter worth $122,000. 36.37% of the stock is owned by hedge funds and other institutional investors.
About Enterprise Products Partners
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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