Enterprise Products Partners L.P. (NYSE:EPD) has been assigned an average recommendation of “Buy” from the twenty brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $32.50.
Several research analysts have issued reports on the company. Zacks Investment Research raised Enterprise Products Partners from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday, February 13th. ValuEngine raised Enterprise Products Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Bank of America set a $32.00 price objective on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Citigroup lowered their price objective on shares of Enterprise Products Partners from $32.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, November 29th. Finally, Mizuho initiated coverage on shares of Enterprise Products Partners in a research report on Wednesday, November 28th. They set a “buy” rating and a $33.00 price objective on the stock.
In other news, CEO Aj Teague acquired 10,000 shares of the stock in a transaction on Monday, December 31st. The shares were purchased at an average cost of $24.36 per share, for a total transaction of $243,600.00. Following the transaction, the chief executive officer now owns 1,654,372 shares in the company, valued at approximately $40,300,501.92. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have acquired 30,000 shares of company stock worth $733,300. Corporate insiders own 37.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Covington Capital Management grew its holdings in shares of Enterprise Products Partners by 2.6% during the 4th quarter. Covington Capital Management now owns 13,882 shares of the oil and gas producer’s stock valued at $341,000 after acquiring an additional 357 shares in the last quarter. Garrison Bradford & Associates Inc. lifted its stake in shares of Enterprise Products Partners by 0.3% in the 4th quarter. Garrison Bradford & Associates Inc. now owns 131,898 shares of the oil and gas producer’s stock valued at $3,243,000 after purchasing an additional 362 shares during the last quarter. Comerica Bank lifted its stake in shares of Enterprise Products Partners by 1.1% in the 4th quarter. Comerica Bank now owns 33,562 shares of the oil and gas producer’s stock valued at $938,000 after purchasing an additional 365 shares during the last quarter. Acorn Wealth Advisors LLC lifted its stake in shares of Enterprise Products Partners by 1.6% in the 4th quarter. Acorn Wealth Advisors LLC now owns 25,076 shares of the oil and gas producer’s stock valued at $692,000 after purchasing an additional 386 shares during the last quarter. Finally, Bank of The West lifted its stake in shares of Enterprise Products Partners by 4.1% in the 4th quarter. Bank of The West now owns 10,210 shares of the oil and gas producer’s stock valued at $251,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 36.85% of the company’s stock.
NYSE EPD opened at $28.13 on Friday. The firm has a market capitalization of $60.96 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 4.91 and a beta of 0.96. Enterprise Products Partners has a 1 year low of $23.30 and a 1 year high of $30.05. 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 (NYSE:EPD) last posted its quarterly earnings results on Thursday, January 31st. The oil and gas producer reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.09. The company had revenue of $9.18 billion for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $0.36 earnings per share. As a group, analysts anticipate that Enterprise Products Partners will post 1.92 EPS for the current year.
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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