Investment analysts at Evercore ISI started coverage on shares of Enterprise Products Partners (NYSE:EPD) in a research report issued to clients and investors on Tuesday, February 5th, The Fly reports. The brokerage set an “outperform” rating on the oil and gas producer’s stock.
A number of other brokerages have also recently weighed in on EPD. Zacks Investment Research cut shares of Enterprise Products Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. ValuEngine upgraded shares of Enterprise Products Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Wells Fargo & Co increased their price target on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Bank of America set a $35.00 price target on shares of Enterprise Products Partners and gave the company a “buy” rating in a report on Thursday, November 1st. Finally, Credit Suisse Group initiated coverage on shares of Enterprise Products Partners in a report on Thursday, October 11th. They issued an “outperform” rating and a $36.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Enterprise Products Partners presently has an average rating of “Buy” and an average target price of $32.41.
EPD stock traded up $0.13 during trading on Tuesday, hitting $27.78. 4,107,343 shares of the company’s stock traded hands, compared to its average volume of 4,691,102. Enterprise Products Partners has a 1 year low of $23.10 and a 1 year high of $30.05. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.96. The firm has a market cap of $60.66 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 4.85 and a beta of 0.96.
Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Thursday, January 31st. The oil and gas producer reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.09. Enterprise Products Partners had a net margin of 11.42% and a return on equity of 18.34%. The firm had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.46 billion. During the same period in the previous year, the business posted $0.36 earnings per share. Analysts anticipate that Enterprise Products Partners will post 1.91 EPS for the current fiscal year.
In other news, CEO Aj Teague bought 10,000 shares of the stock in a transaction on Monday, December 31st. The stock was acquired at an average price of $24.36 per share, with a total value of $243,600.00. Following the acquisition, the chief executive officer now directly owns 1,654,372 shares in the company, valued at $40,300,501.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought a total of 30,000 shares of company stock valued at $733,300 in the last three months. 37.50% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of EPD. Nalls Sherbakoff Group LLC acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth $25,000. Ffcm LLC lifted its stake in shares of Enterprise Products Partners by 50.0% during the fourth quarter. Ffcm LLC now owns 1,245 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 415 shares during the period. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth $31,000. Essex Savings Bank acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth $32,000. Finally, PRW Wealth Management LLC acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth $32,000. 36.84% of the stock is owned by institutional investors and hedge funds.
Enterprise Products Partners Company Profile
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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