Enterprise Products Partners L.P. (NYSE:EPD) – Equities researchers at US Capital Advisors dropped their Q2 2017 EPS estimates for Enterprise Products Partners L.P. in a research note issued on Monday. US Capital Advisors analyst B. Followill now forecasts that the oil and gas producer will earn $0.32 per share for the quarter, down from their previous estimate of $0.33. US Capital Advisors also issued estimates for Enterprise Products Partners L.P.’s Q3 2017 earnings at $0.34 EPS, Q4 2017 earnings at $0.40 EPS, FY2017 earnings at $1.42 EPS and FY2018 earnings at $1.52 EPS.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its quarterly earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Enterprise Products Partners L.P. had a net margin of 10.31% and a return on equity of 11.73%. The firm had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period last year, the firm earned $0.33 EPS. The business’s quarterly revenue was up 46.3% compared to the same quarter last year.

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Other analysts have also recently issued reports about the stock. Guggenheim initiated coverage on shares of Enterprise Products Partners L.P. in a research note on Monday, April 17th. They issued a “buy” rating and a $32.00 price objective for the company. Jefferies Group LLC reissued a “buy” rating and issued a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Tuesday, April 4th. BMO Capital Markets set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research note on Monday, June 5th. Stifel Nicolaus reissued a “buy” rating and issued a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Friday. Finally, BidaskClub raised shares of Enterprise Products Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $32.05.

Enterprise Products Partners L.P. (EPD) opened at 27.65 on Tuesday. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The firm has a 50-day moving average of $26.79 and a 200 day moving average of $27.40. The company has a market capitalization of $59.07 billion, a P/E ratio of 22.39 and a beta of 0.89.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 7th. Investors of record on Monday, July 31st will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 6.08%. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, July 27th. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 133.87%.

A number of institutional investors have recently bought and sold shares of EPD. Evanson Asset Management LLC boosted its position in Enterprise Products Partners L.P. by 1.0% in the first quarter. Evanson Asset Management LLC now owns 110,131 shares of the oil and gas producer’s stock valued at $3,041,000 after buying an additional 1,110 shares during the last quarter. North American Management Corp boosted its position in Enterprise Products Partners L.P. by 6.1% in the first quarter. North American Management Corp now owns 175,930 shares of the oil and gas producer’s stock valued at $4,857,000 after buying an additional 10,121 shares during the last quarter. Whalerock Point Partners LLC boosted its position in Enterprise Products Partners L.P. by 8.9% in the fourth quarter. Whalerock Point Partners LLC now owns 77,130 shares of the oil and gas producer’s stock valued at $2,086,000 after buying an additional 6,280 shares during the last quarter. Comerica Bank boosted its position in Enterprise Products Partners L.P. by 9.5% in the fourth quarter. Comerica Bank now owns 53,883 shares of the oil and gas producer’s stock valued at $1,476,000 after buying an additional 4,670 shares during the last quarter. Finally, Ibex Wealth Advisors bought a new position in Enterprise Products Partners L.P. during the fourth quarter valued at $2,076,000. 38.52% of the stock is owned by institutional investors.

About Enterprise Products Partners L.P.

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.

Earnings History and Estimates for Enterprise Products Partners L.P. (NYSE:EPD)

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