Enterprise Products Partners (NYSE:EPD) Given New $41.00 Price Target at Stifel Nicolaus

Enterprise Products Partners (NYSE:EPD) had its price target hoisted by analysts at Stifel Nicolaus from $38.00 to $41.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the oil and gas producer’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 9.83% from the company’s current price.

EPD has been the topic of several other reports. The Goldman Sachs Group reissued a “neutral” rating and set a $32.00 price target on shares of Enterprise Products Partners in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Products Partners in a report on Thursday, January 22nd. UBS Group reaffirmed a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, December 16th. Barclays reissued an “overweight” rating and issued a $38.00 target price (up from $35.00) on shares of Enterprise Products Partners in a report on Wednesday, February 4th. Finally, Citigroup reaffirmed a “buy” rating and set a $39.00 target price (up from $36.00) on shares of Enterprise Products Partners in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $36.21.

Enterprise Products Partners Price Performance

EPD opened at $37.33 on Wednesday. The company has a market capitalization of $80.70 billion, a P/E ratio of 14.03, a PEG ratio of 2.62 and a beta of 0.59. The company has a 50-day moving average of $33.97 and a 200-day moving average of $32.46. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.60 and a current ratio of 0.88. Enterprise Products Partners has a 1-year low of $27.77 and a 1-year high of $37.38.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. Enterprise Products Partners had a return on equity of 19.43% and a net margin of 11.05%.The firm had revenue of $13.79 billion during the quarter, compared to analyst estimates of $12.44 billion. During the same period in the previous year, the company earned $0.74 earnings per share. Enterprise Products Partners’s quarterly revenue was down 2.9% on a year-over-year basis. Equities analysts expect that Enterprise Products Partners will post 2.9 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John R. Rutherford purchased 15,000 shares of Enterprise Products Partners 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 completion of the transaction, the director directly owned 173,586 shares of the company’s stock, valued at $5,570,374.74. This trade represents a 9.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 32.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Enterprise Products Partners

Institutional investors have recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Enterprise Products Partners by 19.9% during the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock valued at $1,023,000 after purchasing an additional 5,425 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Enterprise Products Partners by 9.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 58,918 shares of the oil and gas producer’s stock worth $1,827,000 after purchasing an additional 5,000 shares during the period. Envestnet Asset Management Inc. lifted its position in Enterprise Products Partners by 4.5% in the second quarter. Envestnet Asset Management Inc. now owns 614,093 shares of the oil and gas producer’s stock worth $19,043,000 after purchasing an additional 26,480 shares during the period. Assetmark Inc. lifted its stake in Enterprise Products Partners by 44.3% during the second quarter. Assetmark Inc. now owns 9,107 shares of the oil and gas producer’s stock worth $282,000 after purchasing an additional 2,795 shares during the period. Finally, TIAA Trust National Association boosted its stake in shares of Enterprise Products Partners by 6.9% in the 2nd quarter. TIAA Trust National Association now owns 30,576 shares of the oil and gas producer’s stock valued at $948,000 after purchasing an additional 1,986 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Company Profile

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.