Research Analysts Set Expectations for EPD FY2028 Earnings

Enterprise Products Partners L.P. (NYSE:EPD) – Analysts at US Capital Advisors raised their FY2028 earnings estimates for Enterprise Products Partners in a research report issued on Tuesday, October 27th. US Capital Advisors analyst J. Carreker now expects that the oil and gas producer will post earnings per share of $3.43 for the year, up from their prior forecast of $3.42. The consensus estimate for Enterprise Products Partners’ current full-year earnings is $3.10 per share.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $18.27 billion during the quarter, compared to analyst estimates of $13.69 billion. Enterprise Products Partners’s quarterly revenue was up 60.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share.

A number of other equities analysts have also commented on EPD. TD Cowen reiterated a “hold” rating and issued a $38.00 price objective (down from $39.00) on shares of Enterprise Products Partners in a research note on Monday, August 3rd. JPMorgan Chase & Co. decreased their target price on Enterprise Products Partners from $43.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. Stifel Nicolaus assumed coverage on Enterprise Products Partners in a report on Thursday, September 10th. They issued a “hold” rating and a $40.00 target price on the stock. Melius Research began coverage on Enterprise Products Partners in a research report on Tuesday, September 22nd. They issued a “hold” rating and a $42.00 price target on the stock. Finally, Wall Street Zen upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.12.

Enterprise Products Partners Price Performance

Enterprise Products Partners stock opened at $37.15 on Wednesday. Enterprise Products Partners has a fifty-two week low of $30.02 and a fifty-two week high of $40.17. The firm has a fifty day moving average price of $37.67 and a two-hundred day moving average price of $37.16.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, October 30th.

Institutional Trading of Enterprise Products Partners

Several large investors have recently made changes to their positions in EPD. N.E.W. Advisory Services LLC bought a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at about $37,000. Lynch Investment Planning LLC bought a new position in Enterprise Products Partners during the third quarter worth about $36,000. Bravera Wealth increased its position in Enterprise Products Partners by 666.7% during the second quarter. Bravera Wealth now owns 1,035 shares of the oil and gas producer’s stock worth $38,000 after buying an additional 900 shares during the last quarter. Markowski Investments acquired a new position in Enterprise Products Partners during the second quarter worth approximately $46,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in Enterprise Products Partners in the second quarter valued at approximately $48,000. Institutional investors own 26.07% of the company’s stock.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a North American midstream energy partnership headquartered in Houston, Texas. The company provides infrastructure and services for the transportation, storage, processing and export of energy products, connecting producers with domestic and international markets.

Its operations include pipelines, storage facilities, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, and marine terminals. Enterprise handles NGLs such as ethane, propane, butanes and natural gasoline, as well as crude oil, refined products, petrochemicals and natural gas.