Enterprise Products (NYSE:EPD) had its price objective cut by stock analysts at Barclays from $30.00 to $29.00 in a research note issued on Tuesday, Marketbeat reports. The brokerage presently has an “overweight” rating on the oil and gas producer’s stock. Barclays’ price objective would suggest a potential upside of 6.89% from the company’s current price.
A number of other equities analysts have also weighed in on the stock. Seaport Global Securities set a $27.00 price objective on shares of Enterprise Products and gave the company a “buy” rating in a research report on Monday, April 9th. Bank of America lowered their price objective on shares of Enterprise Products from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, March 27th. UBS reiterated a “buy” rating and issued a $34.00 price objective (down from $36.00) on shares of Enterprise Products in a research report on Friday, March 2nd. Stifel Nicolaus lifted their price objective on shares of Enterprise Products from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Royal Bank of Canada restated a “buy” rating and set a $34.00 target price on shares of Enterprise Products in a research report on Tuesday, January 16th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $30.86.
NYSE:EPD opened at $27.13 on Tuesday. Enterprise Products has a 1-year low of $23.10 and a 1-year high of $29.51. 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 firm has a market capitalization of $57,982.18, a P/E ratio of 20.55, a PEG ratio of 4.31 and a beta of 0.84.
Enterprise Products (NYSE:EPD) last posted 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. Enterprise Products had a net margin of 9.57% and a return on equity of 12.52%. The firm had revenue of $8.43 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same period last year, the firm posted $0.31 EPS. Enterprise Products’s quarterly revenue was up 30.1% on a year-over-year basis. analysts forecast that Enterprise Products will post 1.54 earnings per share for the current fiscal year.
In related news, CEO Aj Teague bought 20,000 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were bought at an average cost 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 link. 37.50% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Chemical Bank boosted its position in shares of Enterprise Products by 79.2% in the 4th quarter. Chemical Bank now owns 84,159 shares of the oil and gas producer’s stock worth $2,231,000 after buying an additional 37,200 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted 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 worth $6,575,000 after buying an additional 22,920 shares in the last quarter. Arbor Wealth Management LLC boosted 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 worth $623,000 after buying an additional 4,694 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Enterprise Products in the 4th quarter worth about $3,241,000. Finally, Stony Point Wealth Management Inc. purchased a new stake in shares of Enterprise Products in the 4th quarter worth about $516,000. Institutional investors and hedge funds 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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