Enterprise Products Partners (NYSE:EPD) Raised to “Strong-Buy” at US Capital Advisors

Enterprise Products Partners (NYSE:EPD) was upgraded by investment analysts at US Capital Advisors from a “moderate buy” rating to a “strong-buy” rating in a research report issued on Monday, Zacks.com reports.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada increased their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Truist Financial increased their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America began coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective on the stock. Finally, StockNews.com downgraded shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Enterprise Products Partners has a consensus rating of “Buy” and an average target price of $33.73.

Enterprise Products Partners Stock Performance

Shares of NYSE:EPD opened at $29.14 on Monday. The stock has a market capitalization of $63.24 billion, a P/E ratio of 11.12, a P/E/G ratio of 1.32 and a beta of 1.03. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.98. Enterprise Products Partners has a 1-year low of $25.61 and a 1-year high of $30.05. The business has a 50-day moving average price of $29.24 and a two-hundred day moving average price of $28.94.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.13%. The business had revenue of $13.48 billion during the quarter, compared to analyst estimates of $14.23 billion. During the same quarter in the prior year, the company earned $0.57 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. Equities analysts predict that Enterprise Products Partners will post 2.7 earnings per share for the current year.

Institutional Trading of Enterprise Products Partners

Several institutional investors and hedge funds have recently bought and sold shares of the business. Strategic Wealth Partners Ltd. increased its holdings in shares of Enterprise Products Partners by 3.8% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 9,731 shares of the oil and gas producer’s stock worth $283,000 after acquiring an additional 353 shares during the last quarter. Cadence Bank lifted its stake in shares of Enterprise Products Partners by 0.7% during the 1st quarter. Cadence Bank now owns 52,428 shares of the oil and gas producer’s stock worth $1,530,000 after buying an additional 365 shares during the last quarter. McAdam LLC grew its stake in Enterprise Products Partners by 1.3% in the 2nd quarter. McAdam LLC now owns 28,670 shares of the oil and gas producer’s stock valued at $831,000 after buying an additional 372 shares during the last quarter. Ellenbecker Investment Group raised its holdings in Enterprise Products Partners by 1.5% in the 3rd quarter. Ellenbecker Investment Group now owns 25,247 shares of the oil and gas producer’s stock valued at $735,000 after acquiring an additional 374 shares during the period. Finally, Advisor OS LLC lifted its position in Enterprise Products Partners by 1.3% during the second quarter. Advisor OS LLC now owns 29,485 shares of the oil and gas producer’s stock worth $854,000 after acquiring an additional 379 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners 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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.