US Capital Advisors Issues Negative Outlook for EPD Earnings

Enterprise Products Partners L.P. (NYSE:EPDFree Report) – Equities research analysts at US Capital Advisors decreased their Q3 2027 earnings estimates for shares of Enterprise Products Partners in a research note issued on Thursday, August 20th. US Capital Advisors analyst J. Carreker now forecasts that the oil and gas producer will post earnings per share of $0.78 for the quarter, down from their prior forecast of $0.79. The consensus estimate for Enterprise Products Partners’ current full-year earnings is $3.01 per share.

A number of other research analysts have also commented on the company. Scotiabank reaffirmed a “sector perform” rating and set a $40.00 price target (up from $39.00) on shares of Enterprise Products Partners in a research report on Tuesday, May 12th. Citigroup restated a “buy” rating and set a $44.00 target price (up from $39.00) on shares of Enterprise Products Partners in a report on Friday, May 1st. Morgan Stanley reaffirmed an “underweight” rating and issued a $41.00 price target (up from $40.00) on shares of Enterprise Products Partners in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Stifel Nicolaus boosted their price objective on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Read Our Latest Analysis on Enterprise Products Partners

Enterprise Products Partners Stock Performance

Enterprise Products Partners stock opened at $38.41 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a market cap of $82.95 billion, a P/E ratio of 13.34, a P/E/G ratio of 1.26 and a beta of 0.49. Enterprise Products Partners has a 1-year low of $30.01 and a 1-year high of $40.17. The firm has a 50-day moving average of $37.65 and a 200-day moving average of $37.51.

Enterprise Products Partners (NYSE:EPDGet Free Report) last released its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $18.27 billion for the quarter, compared to analysts’ expectations of $13.69 billion. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. The company’s revenue for the quarter was up 60.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 earnings per share.

Enterprise Products Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 5.8%. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, July 31st. Enterprise Products Partners’s dividend payout ratio is currently 77.78%.

Institutional Trading of Enterprise Products Partners

A number of hedge funds have recently modified their holdings of EPD. Royal Palms Capital LLC purchased a new position in shares of Enterprise Products Partners during the 4th quarter valued at $1,830,000. Oxbow Advisors LLC raised its holdings in Enterprise Products Partners by 3.0% during the fourth quarter. Oxbow Advisors LLC now owns 1,329,085 shares of the oil and gas producer’s stock valued at $42,610,000 after acquiring an additional 39,052 shares during the period. Texas Yale Capital Corp. lifted its position in shares of Enterprise Products Partners by 4.9% in the fourth quarter. Texas Yale Capital Corp. now owns 1,905,939 shares of the oil and gas producer’s stock valued at $61,104,000 after acquiring an additional 88,475 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Enterprise Products Partners by 7.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 4,510,036 shares of the oil and gas producer’s stock worth $144,592,000 after purchasing an additional 327,807 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC raised its stake in Enterprise Products Partners by 7.0% during the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 410,581 shares of the oil and gas producer’s stock valued at $13,163,000 after purchasing an additional 26,752 shares during the period. Institutional investors own 26.07% of the company’s stock.

About Enterprise Products Partners

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Enterprise Products Partners (NYSE:EPD)

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