Enterprise Products Partners L.P. (NYSE:EPD) Receives $34.20 Consensus Target Price from Analysts

Enterprise Products Partners L.P. (NYSE:EPDGet Free Report) has earned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $34.50.

Several equities analysts recently issued reports on EPD shares. Bank of America initiated coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They set a “buy” rating and a $35.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, October 30th. US Capital Advisors raised Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Wells Fargo & Company cut shares of Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price for the company. in a research report on Wednesday, December 18th. Finally, Truist Financial lifted their price target on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd.

Read Our Latest Report on Enterprise Products Partners

Enterprise Products Partners Stock Performance

Shares of NYSE EPD opened at $31.94 on Wednesday. The stock’s fifty day simple moving average is $31.52 and its 200 day simple moving average is $30.02. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $69.23 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 1.67 and a beta of 1.09. Enterprise Products Partners has a 52-week low of $26.12 and a 52-week high of $34.63.

Enterprise Products Partners (NYSE:EPDGet Free Report) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The firm had revenue of $13.78 billion during the quarter, compared to analyst estimates of $13.87 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, sell-side analysts forecast that Enterprise Products Partners will post 2.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enterprise Products Partners

A number of institutional investors have recently modified their holdings of the company. Birch Capital Management LLC raised its position in shares of Enterprise Products Partners by 0.3% in the 4th quarter. Birch Capital Management LLC now owns 168,540 shares of the oil and gas producer’s stock worth $5,285,000 after acquiring an additional 465 shares in the last quarter. Bangor Savings Bank grew its position in shares of Enterprise Products Partners by 558.3% during the 4th quarter. Bangor Savings Bank now owns 1,264 shares of the oil and gas producer’s stock worth $40,000 after buying an additional 1,072 shares during the period. Fortem Financial Group LLC increased its stake in shares of Enterprise Products Partners by 7.9% in the 4th quarter. Fortem Financial Group LLC now owns 29,112 shares of the oil and gas producer’s stock valued at $913,000 after acquiring an additional 2,124 shares in the last quarter. Doliver Advisors LP lifted its position in shares of Enterprise Products Partners by 0.6% during the 4th quarter. Doliver Advisors LP now owns 99,013 shares of the oil and gas producer’s stock valued at $3,105,000 after acquiring an additional 615 shares during the period. Finally, First City Capital Management Inc. boosted its stake in Enterprise Products Partners by 57.9% during the fourth quarter. First City Capital Management Inc. now owns 11,541 shares of the oil and gas producer’s stock worth $362,000 after acquiring an additional 4,232 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Enterprise Products Partners Company Profile

(Get Free Report

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.

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Analyst Recommendations for Enterprise Products Partners (NYSE:EPD)

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