Enterprise Products Partners PT Raised to $70.00 (EPD)
Investment analysts at Barclays increased their price target on shares of Enterprise Products Partners (NYSE:EPD) from $68.00 to $70.00 in a note issued to investors on Friday, ARN reports. Barclays’ target price indicates a potential upside of 5.45% from the company’s current price.
EPD has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of Enterprise Products Partners from $70.00 to $74.00 in a research note to investors on Monday, January 6th. They now have a “buy” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Enterprise Products Partners in a research note to investors on Thursday, November 21st. They now have a $64.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Enterprise Products Partners presently has an average rating of “Buy” and an average target price of $69.27.
Enterprise Products Partners (NYSE:EPD) last released its earnings data on Thursday, January 30th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.04. The company had revenue of $13.10 billion for the quarter, compared to the consensus estimate of $13.10 billion.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 7th. Investors of record on Friday, January 31st will be paid a dividend of 0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Wednesday, January 29th. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.69.
Enterprise Products Partners L.P. (NYSE:EPD) is a North American midstream energy company providing a range of services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products and certain petrochemicals.
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