Enterprise Products Partners (NYSE:EPD) Now Covered by Capital One Financial

Investment analysts at Capital One Financial assumed coverage on shares of Enterprise Products Partners (NYSE:EPD) in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage set an “equal weight” rating and a $42.00 price target on the oil and gas producer’s stock. Capital One Financial‘s price objective suggests a potential upside of 8.53% from the company’s current price.

Several other equities research analysts have also commented on EPD. TD Cowen reissued a “hold” rating and set a $38.00 price target (down from $39.00) on shares of Enterprise Products Partners in a research note on Monday, August 3rd. UBS Group reaffirmed a “buy” rating and set a $45.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, June 17th. Wall Street Zen upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 6th. Melius Research began coverage on Enterprise Products Partners in a report on Tuesday. They issued a “hold” rating and a $42.00 target price on the stock. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $41.00 price target (up from $40.00) on shares of Enterprise Products Partners in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.12.

Enterprise Products Partners Stock Performance

NYSE:EPD opened at $38.70 on Tuesday. The firm’s fifty day simple moving average is $38.52 and its 200-day simple moving average is $37.97. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 1.00. The stock has a market cap of $83.57 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.42 and a beta of 0.50. Enterprise Products Partners has a fifty-two week low of $30.01 and a fifty-two week high of $40.17.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.75 by $0.09. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. The firm had revenue of $18.27 billion during the quarter, compared to analysts’ expectations of $13.69 billion. During the same quarter last year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was up 60.8% compared to the same quarter last year. Analysts expect that Enterprise Products Partners will post 3.03 earnings per share for the current fiscal year.

Institutional Trading of Enterprise Products Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPD. N.E.W. Advisory Services LLC acquired a new stake in shares of Enterprise Products Partners during the 2nd quarter worth about $37,000. Bravera Wealth lifted its stake in shares of 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 valued at $38,000 after buying an additional 900 shares during the period. Markowski Investments purchased a new position in shares of Enterprise Products Partners during the second quarter valued at approximately $46,000. BOK Financial Private Wealth Inc. acquired a new stake in Enterprise Products Partners during the second quarter worth approximately $48,000. Finally, West Paces Advisors Inc. purchased a new stake in Enterprise Products Partners in the 2nd quarter worth approximately $55,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a publicly traded midstream energy partnership that provides transportation, storage, processing and export services for crude oil, natural gas, natural gas liquids (NGLs), petrochemicals and refined products. The company operates an integrated network of pipelines, processing plants, fractionation facilities, storage assets and marine terminals.

Enterprise’s NGL operations include natural gas processing, NGL fractionation and the production and distribution of ethane, propane, butanes and natural gasoline.