US Capital Advisors Brokers Lower Earnings Estimates for Enterprise Products Partners L.P. (NYSE:EPD)

Enterprise Products Partners L.P. (NYSE:EPD) – Investment analysts at US Capital Advisors cut their Q3 2024 earnings per share (EPS) estimates for Enterprise Products Partners in a research note issued on Tuesday, May 21st. US Capital Advisors analyst J. Carreker now expects that the oil and gas producer will post earnings of $0.64 per share for the quarter, down from their previous forecast of $0.65. The consensus estimate for Enterprise Products Partners’ current full-year earnings is $2.71 per share. US Capital Advisors also issued estimates for Enterprise Products Partners’ Q4 2024 earnings at $0.72 EPS, Q1 2025 earnings at $0.67 EPS, Q2 2025 earnings at $0.64 EPS, Q3 2025 earnings at $0.70 EPS, Q4 2025 earnings at $0.74 EPS, FY2025 earnings at $2.75 EPS and FY2026 earnings at $2.59 EPS.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $13.82 billion. Enterprise Products Partners had a net margin of 10.76% and a return on equity of 19.73%. The company’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS.

A number of other analysts have also recently issued reports on EPD. Wells Fargo & Company upped their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Enterprise Products Partners in a report on Friday, April 5th. Stifel Nicolaus increased their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Mizuho restated a “buy” rating and issued a $34.00 price objective on shares of Enterprise Products Partners in a research note on Thursday, April 4th. Finally, Truist Financial increased their target price on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.69.

Enterprise Products Partners Stock Performance

NYSE EPD opened at $28.21 on Thursday. The company has a fifty day moving average of $28.83 and a two-hundred day moving average of $27.50. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.93 and a quick ratio of 0.68. Enterprise Products Partners has a 1 year low of $25.19 and a 1 year high of $29.99. The company has a market capitalization of $61.26 billion, a PE ratio of 11.06, a P/E/G ratio of 1.34 and a beta of 1.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Accordant Advisory Group Inc acquired a new stake in shares of Enterprise Products Partners during the 1st quarter valued at approximately $26,000. Burkett Financial Services LLC acquired a new stake in Enterprise Products Partners during the 4th quarter valued at $28,000. Stephens Consulting LLC purchased a new position in Enterprise Products Partners during the first quarter worth $29,000. Palisade Asset Management LLC acquired a new position in shares of Enterprise Products Partners in the first quarter worth $29,000. Finally, Rational Advisors LLC purchased a new stake in shares of Enterprise Products Partners in the third quarter valued at $43,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th were issued a $0.515 dividend. The ex-dividend date was Monday, April 29th. This represents a $2.06 annualized dividend and a dividend yield of 7.30%. Enterprise Products Partners’s dividend payout ratio is currently 80.78%.

About Enterprise Products Partners

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.