Equities Analysts Set Expectations for EPD FY2027 Earnings

Enterprise Products Partners L.P. (NYSE:EPDFree Report) – Equities researchers at US Capital Advisors cut their FY2027 earnings per share estimates for Enterprise Products Partners in a research note issued to investors on Monday, February 2nd. US Capital Advisors analyst J. Carreker now anticipates that the oil and gas producer will post earnings per share of $3.13 for the year, down from their previous estimate of $3.21. The consensus estimate for Enterprise Products Partners’ current full-year earnings is $2.90 per share.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $35.00 price objective on shares of Enterprise Products Partners in a research report on Monday, December 1st. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Products Partners in a research note on Thursday, January 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $40.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday. Morgan Stanley cut Enterprise Products Partners from an “equal weight” rating to an “underweight” rating and set a $34.00 price target for the company. in a research note on Thursday, December 18th. Finally, TD Cowen boosted their price target on Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.00.

View Our Latest Stock Report on EPD

Enterprise Products Partners Stock Performance

Shares of NYSE:EPD opened at $34.93 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.88 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $75.56 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 2.47 and a beta of 0.60. The firm has a 50 day moving average of $32.61 and a 200 day moving average of $31.87. Enterprise Products Partners has a 52 week low of $27.77 and a 52 week high of $35.55.

Enterprise Products Partners (NYSE:EPDGet Free Report) last issued its earnings results on Tuesday, February 3rd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.43%. The company had revenue of $13.79 billion for the quarter, compared to analysts’ expectations of $12.44 billion. During the same period in the prior year, the business earned $0.74 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis.

Enterprise Products Partners announced that its board has approved a share buyback program on Thursday, October 30th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the oil and gas producer to reacquire up to 7.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a $0.55 dividend. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.20 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, January 30th. Enterprise Products Partners’s payout ratio is 82.71%.

Insider Transactions at Enterprise Products Partners

In other Enterprise Products Partners news, Director John R. Rutherford acquired 15,000 shares of the stock in a transaction dated Monday, December 29th. The stock was acquired at an average cost of $32.09 per share, with a total value of $481,350.00. Following the transaction, the director owned 173,586 shares in the company, valued at $5,570,374.74. The trade was a 9.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enterprise Products Partners

Several institutional investors have recently added to or reduced their stakes in EPD. Invesco Ltd. lifted its position in shares of Enterprise Products Partners by 0.3% during the 2nd quarter. Invesco Ltd. now owns 26,787,203 shares of the oil and gas producer’s stock worth $830,671,000 after buying an additional 69,505 shares during the last quarter. American Century Companies Inc. grew its position in shares of Enterprise Products Partners by 1.4% in the 2nd quarter. American Century Companies Inc. now owns 18,652,232 shares of the oil and gas producer’s stock valued at $578,406,000 after buying an additional 252,513 shares during the last quarter. Energy Income Partners LLC raised its stake in Enterprise Products Partners by 0.6% during the 3rd quarter. Energy Income Partners LLC now owns 14,705,122 shares of the oil and gas producer’s stock worth $459,829,000 after acquiring an additional 80,884 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Enterprise Products Partners by 1.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,570,499 shares of the oil and gas producer’s stock valued at $361,810,000 after acquiring an additional 214,995 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Enterprise Products Partners in the third quarter valued at $292,194,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Key Enterprise Products Partners News

Here are the key news stories impacting Enterprise Products Partners this week:

About Enterprise Products Partners

(Get Free Report)

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.

See Also

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

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