Enterprise Products Partners L.P. (NYSE:EPD) – Stock analysts at Jefferies Financial Group increased their Q3 2020 earnings estimates for Enterprise Products Partners in a research report issued on Monday, April 15th. Jefferies Financial Group analyst C. Sighinolfi now forecasts that the oil and gas producer will post earnings per share of $0.57 for the quarter, up from their previous forecast of $0.56. Jefferies Financial Group also issued estimates for Enterprise Products Partners’ FY2020 earnings at $2.25 EPS and FY2023 earnings at $2.49 EPS.
Enterprise Products Partners (NYSE:EPD) last released its earnings results on Thursday, January 31st. The oil and gas producer reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.09. The firm had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.46 billion. Enterprise Products Partners had a return on equity of 18.13% and a net margin of 11.42%. During the same period in the prior year, the business posted $0.36 earnings per share.
A number of other equities analysts also recently commented on the company. Evercore ISI initiated coverage on Enterprise Products Partners in a report on Tuesday, February 5th. They issued an “outperform” rating on the stock. Bank of America set a $32.00 price objective on Enterprise Products Partners and gave the stock a “buy” rating in a report on Tuesday, January 29th. ValuEngine upgraded Enterprise Products Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Goldman Sachs Group upgraded Enterprise Products Partners from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $32.00 in a report on Tuesday, April 2nd. Finally, Zacks Investment Research downgraded Enterprise Products Partners from a “buy” rating to a “hold” rating in a report on Friday, February 15th. One analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.13.
Enterprise Products Partners stock opened at $29.37 on Tuesday. The stock has a market capitalization of $63.75 billion, a PE ratio of 15.14, a PEG ratio of 5.01 and a beta of 0.97. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.02. Enterprise Products Partners has a 12 month low of $23.33 and a 12 month high of $30.05.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.4375 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.44. This represents a $1.75 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 89.69%.
Several large investors have recently made changes to their positions in EPD. Nalls Sherbakoff Group LLC purchased a new stake in shares of Enterprise Products Partners during the 4th quarter valued at about $25,000. Ffcm LLC raised its holdings in shares of Enterprise Products Partners by 50.0% during the 4th quarter. Ffcm LLC now owns 1,245 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 415 shares during the period. Murphy Pohlad Asset Management LLC purchased a new stake in shares of Enterprise Products Partners during the 4th quarter valued at about $31,000. Essex Savings Bank purchased a new stake in shares of Enterprise Products Partners during the 4th quarter valued at about $32,000. Finally, PRW Wealth Management LLC purchased a new stake in shares of Enterprise Products Partners during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 36.80% 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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