Enterprise Products (NYSE:EPD) received a $27.00 price objective from investment analysts at Seaport Global Securities in a note issued to investors on Monday, April 9th. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Seaport Global Securities’ price target suggests a potential upside of 0.60% from the company’s previous close.
Several other research analysts also recently commented on the company. Bank of America reduced their target price on Enterprise Products from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, March 27th. Barclays set a $30.00 target price on Enterprise Products and gave the stock a “buy” rating in a report on Saturday, March 10th. UBS reissued a “buy” rating and issued a $34.00 target price (down from $36.00) on shares of Enterprise Products in a report on Friday, March 2nd. Stifel Nicolaus boosted their target price on Enterprise Products from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $34.00 target price on shares of Enterprise Products in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Enterprise Products has an average rating of “Buy” and a consensus price target of $30.86.
NYSE EPD opened at $26.84 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.53 and a current ratio of 0.70. The company has a market cap of $58,630.50, a price-to-earnings ratio of 20.33, a P/E/G ratio of 4.36 and a beta of 0.84. Enterprise Products has a 1-year low of $23.10 and a 1-year high of $29.51.
Enterprise Products (NYSE:EPD) last released its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $8.43 billion for the quarter, compared to the consensus estimate of $7.02 billion. Enterprise Products had a return on equity of 12.52% and a net margin of 9.57%. The company’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. sell-side analysts predict that Enterprise Products will post 1.54 EPS for the current year.
In other Enterprise Products news, CEO Aj Teague bought 20,000 shares of the company’s stock in a transaction on Wednesday, March 7th. The stock was bought at an average price of $24.86 per share, for a total transaction of $497,200.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 37.50% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. Chemical Bank raised its position in shares of Enterprise Products by 79.2% during the 4th quarter. Chemical Bank now owns 84,159 shares of the oil and gas producer’s stock valued at $2,231,000 after acquiring an additional 37,200 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Enterprise Products by 10.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 248,021 shares of the oil and gas producer’s stock valued at $6,575,000 after buying an additional 22,920 shares in the last quarter. Arbor Wealth Management LLC increased its position in shares of Enterprise Products by 24.9% in the 4th quarter. Arbor Wealth Management LLC now owns 23,530 shares of the oil and gas producer’s stock valued at $623,000 after buying an additional 4,694 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in shares of Enterprise Products in the 4th quarter valued at $3,241,000. Finally, Stony Point Wealth Management Inc. bought a new stake in shares of Enterprise Products in the 4th quarter valued at $516,000. Institutional investors own 36.35% of the company’s stock.
Enterprise Products 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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