Enterprise Products Partners (NYSE:EPD) announced its quarterly earnings data on Sunday. The oil and gas producer reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.13, RTT News reports. The firm had revenue of $9.16 billion during the quarter, compared to analysts’ expectations of $6.98 billion. Enterprise Products Partners had a return on equity of 17.76% and a net margin of 16.10%. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS.
EPD traded up $0.21 during trading hours on Tuesday, reaching $23.16. The company’s stock had a trading volume of 6,913,391 shares, compared to its average volume of 7,355,940. Enterprise Products Partners has a 52 week low of $14.90 and a 52 week high of $23.71. The company’s 50-day moving average is $22.85 and its 200-day moving average is $20.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.71 and a current ratio of 1.12. The firm has a market cap of $50.53 billion, a PE ratio of 11.14 and a beta of 1.38.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 12th. Investors of record on Friday, April 30th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date is Thursday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 83.72%.
A number of analysts have recently commented on EPD shares. TD Securities started coverage on Enterprise Products Partners in a research note on Tuesday, April 13th. They issued a “buy” rating and a $28.00 price target for the company. Morgan Stanley boosted their price objective on Enterprise Products Partners from $29.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, March 29th. Finally, Mizuho upped their price target on Enterprise Products Partners from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, January 20th. Thirteen investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $25.33.
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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