US Capital Advisors Comments on Enterprise Products Partners L.P.’s Q4 2017 Earnings (EPD)

Enterprise Products Partners L.P. (NYSE:EPD) – Analysts at US Capital Advisors boosted their Q4 2017 earnings per share estimates for shares of Enterprise Products Partners in a research note issued to investors on Thursday. US Capital Advisors analyst B. Followill now forecasts that the oil and gas producer will post earnings per share of $0.37 for the quarter, up from their prior estimate of $0.36. US Capital Advisors also issued estimates for Enterprise Products Partners’ Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.40 EPS, FY2018 earnings at $1.61 EPS and FY2019 earnings at $1.67 EPS.

A number of other brokerages have also recently commented on EPD. Credit Suisse Group began coverage on Enterprise Products Partners in a research note on Thursday. They set an “outperform” rating and a $31.00 price objective for the company. BMO Capital Markets set a $33.00 price objective on Enterprise Products Partners and gave the stock a “buy” rating in a research note on Thursday, October 12th. Seaport Global Securities began coverage on Enterprise Products Partners in a research note on Tuesday, October 10th. They set a “neutral” rating and a $29.00 price objective for the company. Scotiabank set a $33.00 price objective on Enterprise Products Partners and gave the stock a “buy” rating in a research note on Sunday, October 15th. Finally, Mizuho set a $31.00 target price on Enterprise Products Partners and gave the company a “buy” rating in a research note on Sunday, October 15th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $30.93.

Shares of Enterprise Products Partners (NYSE EPD) opened at $27.81 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.48 and a current ratio of 0.71. Enterprise Products Partners has a 52 week low of $23.59 and a 52 week high of $30.25. The company has a market capitalization of $59,760.00, a price-to-earnings ratio of 25.05, a P/E/G ratio of 3.71 and a beta of 0.90.

Several hedge funds have recently bought and sold shares of EPD. Janus Henderson Group PLC acquired a new position in shares of Enterprise Products Partners during the second quarter worth about $259,960,000. Principal Financial Group Inc. acquired a new position in shares of Enterprise Products Partners during the second quarter worth about $143,325,000. Commonwealth Bank of Australia boosted its position in shares of Enterprise Products Partners by 182.9% during the second quarter. Commonwealth Bank of Australia now owns 6,136,898 shares of the oil and gas producer’s stock worth $166,186,000 after buying an additional 3,967,879 shares during the period. ING Groep NV boosted its position in shares of Enterprise Products Partners by 72.1% during the third quarter. ING Groep NV now owns 7,269,400 shares of the oil and gas producer’s stock worth $189,513,000 after buying an additional 3,044,560 shares during the period. Finally, Tortoise Capital Advisors L.L.C. boosted its position in shares of Enterprise Products Partners by 5.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 43,760,469 shares of the oil and gas producer’s stock worth $1,140,835,000 after buying an additional 2,092,528 shares during the period. 37.56% of the stock is owned by institutional investors.

In other news, Director Carin Marcy Barth acquired 12,000 shares of Enterprise Products Partners stock in a transaction dated Monday, November 6th. The stock was bought at an average cost of $25.00 per share, with a total value of $300,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aj Teague acquired 11,300 shares of Enterprise Products Partners stock in a transaction dated Wednesday, December 27th. The shares were purchased at an average cost of $26.47 per share, with a total value of $299,111.00. Following the completion of the transaction, the chief executive officer now directly owns 1,474,183 shares of the company’s stock, valued at $39,021,624.01. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 31,550 shares of company stock valued at $799,256. Insiders own 37.50% of the company’s stock.

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About Enterprise Products Partners

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 (NYSE:EPD)

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