Enterprise Products Partners L.P. (EPD) Receives Average Recommendation of “Buy” from Analysts

Enterprise Products Partners L.P. (NYSE:EPD) has earned an average rating of “Buy” from the eighteen analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $31.46.

A number of equities analysts have recently commented on EPD shares. BidaskClub raised Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Scotiabank set a $33.00 price objective on Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research report on Friday, July 21st. Macquarie reissued an “outperform” rating and set a $32.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, April 21st. Stifel Nicolaus reissued a “buy” rating and set a $30.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, August 11th. Finally, Vetr raised Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price objective for the company in a research report on Monday, April 24th.

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Enterprise Products Partners L.P. (NYSE EPD) traded down 0.32% during mid-day trading on Friday, reaching $24.90. 502,245 shares of the company were exchanged. The stock’s 50-day moving average price is $26.88 and its 200-day moving average price is $27.32. Enterprise Products Partners L.P. has a 1-year low of $24.01 and a 1-year high of $30.25. The stock has a market capitalization of $53.49 billion, a price-to-earnings ratio of 19.59 and a beta of 0.89.

Enterprise Products Partners L.P. (NYSE:EPD) last released its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.03. The firm had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.44 billion. Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, equities research analysts anticipate that Enterprise Products Partners L.P. will post $1.38 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were paid a dividend of $0.42 per share. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.68 annualized dividend and a yield of 6.73%. Enterprise Products Partners L.P.’s payout ratio is presently 132.28%.

A number of large investors have recently bought and sold shares of EPD. Dubuque Bank & Trust Co. boosted its stake in Enterprise Products Partners L.P. by 222.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,790 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 2,615 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Enterprise Products Partners L.P. by 14.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,988 shares of the oil and gas producer’s stock valued at $107,000 after buying an additional 500 shares during the last quarter. First Financial Corp IN boosted its stake in Enterprise Products Partners L.P. by 11.1% in the second quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock valued at $108,000 after buying an additional 400 shares during the last quarter. Baystate Wealth Management LLC boosted its stake in Enterprise Products Partners L.P. by 1,050.7% in the first quarter. Baystate Wealth Management LLC now owns 4,361 shares of the oil and gas producer’s stock valued at $122,000 after buying an additional 3,982 shares during the last quarter. Finally, First Eagle Investment Management LLC acquired a new stake in Enterprise Products Partners L.P. during the second quarter valued at $130,000. Hedge funds and other institutional investors own 38.83% of the company’s stock.

Enterprise Products Partners L.P. 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.