Enterprise Products Partners L.P. (NYSE:EPD) – Stock analysts at US Capital Advisors increased their Q1 2020 earnings per share (EPS) estimates for shares of Enterprise Products Partners in a research report issued on Thursday, August 22nd. US Capital Advisors analyst B. Followill now expects that the oil and gas producer will earn $0.51 per share for the quarter, up from their prior forecast of $0.49. US Capital Advisors also issued estimates for Enterprise Products Partners’ Q2 2020 earnings at $0.56 EPS, Q3 2020 earnings at $0.55 EPS, Q4 2020 earnings at $0.58 EPS, FY2020 earnings at $2.20 EPS and FY2021 earnings at $2.35 EPS.
Enterprise Products Partners (NYSE:EPD) last released its earnings results on Wednesday, July 31st. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $8.28 billion during the quarter, compared to analyst estimates of $8.57 billion. Enterprise Products Partners had a return on equity of 20.02% and a net margin of 14.26%. Enterprise Products Partners’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.31 earnings per share.
A number of other research analysts have also issued reports on EPD. ValuEngine lowered Enterprise Products Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Johnson Rice assumed coverage on Enterprise Products Partners in a report on Thursday, May 30th. They issued a “buy” rating and a $35.00 target price for the company. Stifel Nicolaus lifted their target price on Enterprise Products Partners from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Piper Jaffray Companies assumed coverage on Enterprise Products Partners in a report on Wednesday, July 17th. They issued an “overweight” rating and a $37.00 target price for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $33.75.
NYSE:EPD opened at $28.16 on Friday. The firm has a market cap of $62.36 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 3.37 and a beta of 0.88. The stock has a fifty day moving average price of $29.49 and a 200 day moving average price of $28.86. Enterprise Products Partners has a 12-month low of $23.33 and a 12-month high of $30.86. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 1.06.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were paid a $0.44 dividend. The ex-dividend date of this dividend was Tuesday, July 30th. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.44. This represents a $1.76 dividend on an annualized basis and a yield of 6.25%. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 90.72%.
In other Enterprise Products Partners news, Director Murray E. Brasseux purchased 5,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $30.00 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the director now directly owns 17,885 shares in the company, valued at $536,550. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 37.50% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. increased its position in shares of Enterprise Products Partners by 1.0% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 41,620,404 shares of the oil and gas producer’s stock worth $1,201,581,000 after purchasing an additional 431,656 shares in the last quarter. Energy Income Partners LLC increased its position in shares of Enterprise Products Partners by 6.6% during the second quarter. Energy Income Partners LLC now owns 22,050,598 shares of the oil and gas producer’s stock worth $636,601,000 after purchasing an additional 1,366,532 shares in the last quarter. Morgan Stanley increased its position in shares of Enterprise Products Partners by 9.4% during the second quarter. Morgan Stanley now owns 21,438,384 shares of the oil and gas producer’s stock worth $618,927,000 after purchasing an additional 1,835,431 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Enterprise Products Partners by 4.6% during the first quarter. Neuberger Berman Group LLC now owns 19,942,261 shares of the oil and gas producer’s stock worth $580,320,000 after purchasing an additional 884,418 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Enterprise Products Partners by 3,750.3% during the second quarter. Invesco Ltd. now owns 16,978,814 shares of the oil and gas producer’s stock worth $490,179,000 after purchasing an additional 16,537,844 shares in the last quarter. Institutional investors and hedge funds own 36.52% of the company’s stock.
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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