Enterprise Products Partners (NYSE:EPD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Enterprise Products Partners (NYSE:EPD) from a hold rating to a buy rating in a research report report published on Monday morning.

A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company upgraded Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $40.00 to $42.00 in a research note on Wednesday, March 25th. TD Cowen raised their price target on Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday, February 4th. Wolfe Research downgraded Enterprise Products Partners from a “peer perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research note on Wednesday, January 14th. Citigroup restated a “buy” rating and issued a $39.00 price target (up from $36.00) on shares of Enterprise Products Partners in a research note on Wednesday, February 4th. Finally, Stifel Nicolaus raised their price target on Enterprise Products Partners from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Enterprise Products Partners presently has an average rating of “Moderate Buy” and a consensus price target of $37.73.

Enterprise Products Partners Stock Performance

Shares of EPD opened at $38.09 on Monday. The business’s fifty day simple moving average is $36.75 and its two-hundred day simple moving average is $33.54. The company has a market cap of $82.35 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 1.50 and a beta of 0.55. The company has a current ratio of 1.04, a quick ratio of 0.74 and a debt-to-equity ratio of 1.07. Enterprise Products Partners has a 12 month low of $27.86 and a 12 month high of $39.74.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $13.79 billion for the quarter, compared to the consensus estimate of $12.44 billion. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. Research analysts anticipate that Enterprise Products Partners will post 2.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Enterprise Products Partners news, CEO Aj Teague purchased 2,665 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were acquired at an average cost of $37.55 per share, with a total value of $100,070.75. Following the completion of the acquisition, the chief executive officer directly owned 77,576 shares in the company, valued at $2,912,978.80. The trade was a 3.56% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 32.60% of the company’s stock.

Institutional Investors Weigh In On Enterprise Products Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arete Wealth Advisors LLC raised its holdings in Enterprise Products Partners by 1.5% during the third quarter. Arete Wealth Advisors LLC now owns 21,145 shares of the oil and gas producer’s stock valued at $661,000 after acquiring an additional 317 shares during the period. ORG Wealth Partners LLC raised its holdings in Enterprise Products Partners by 0.5% during the fourth quarter. ORG Wealth Partners LLC now owns 66,266 shares of the oil and gas producer’s stock valued at $2,125,000 after acquiring an additional 317 shares during the period. Walker Asset Management LLC raised its holdings in Enterprise Products Partners by 1.7% during the fourth quarter. Walker Asset Management LLC now owns 19,678 shares of the oil and gas producer’s stock valued at $631,000 after acquiring an additional 326 shares during the period. Mission Wealth Management LP raised its holdings in Enterprise Products Partners by 1.0% during the fourth quarter. Mission Wealth Management LP now owns 32,348 shares of the oil and gas producer’s stock valued at $1,037,000 after acquiring an additional 328 shares during the period. Finally, Montag A & Associates Inc. raised its holdings in Enterprise Products Partners by 5.9% during the fourth quarter. Montag A & Associates Inc. now owns 5,880 shares of the oil and gas producer’s stock valued at $189,000 after acquiring an additional 330 shares during the period. 26.07% of the stock is owned by institutional investors.

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.