US Capital Advisors Analysts Cut Earnings Estimates for EPD

Enterprise Products Partners L.P. (NYSE:EPD) – Investment analysts at US Capital Advisors reduced their FY2024 earnings estimates for Enterprise Products Partners in a research report issued to clients and investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now forecasts that the oil and gas producer will earn $2.67 per share for the year, down from their previous forecast of $2.68. US Capital Advisors has a “Strong-Buy” rating on the stock. The consensus estimate for Enterprise Products Partners’ current full-year earnings is $2.69 per share. US Capital Advisors also issued estimates for Enterprise Products Partners’ Q1 2025 earnings at $0.66 EPS, Q2 2025 earnings at $0.65 EPS, Q3 2025 earnings at $0.68 EPS, FY2025 earnings at $2.72 EPS and FY2026 earnings at $2.84 EPS.

A number of other research analysts have also recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Bank of America initiated coverage on Enterprise Products Partners in a report on Thursday, October 17th. They set a “buy” rating and a $35.00 price objective for the company. StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Finally, Truist Financial increased their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $34.00.

Enterprise Products Partners Stock Performance

NYSE EPD opened at $32.86 on Wednesday. The company has a market cap of $71.23 billion, a P/E ratio of 12.31, a PEG ratio of 1.69 and a beta of 1.04. The company has a fifty day simple moving average of $29.84 and a 200 day simple moving average of $29.25. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. Enterprise Products Partners has a 12-month low of $25.96 and a 12-month high of $33.22.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The firm had revenue of $13.78 billion for the quarter, compared to analyst estimates of $13.87 billion. Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share.

Institutional Trading of Enterprise Products Partners

A number of large investors have recently bought and sold shares of EPD. Tortoise Capital Advisors L.L.C. boosted its position in Enterprise Products Partners by 4.8% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 16,221,236 shares of the oil and gas producer’s stock worth $470,091,000 after purchasing an additional 741,237 shares during the period. FMR LLC lifted its holdings in Enterprise Products Partners by 9.3% during the 3rd quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer’s stock worth $420,037,000 after purchasing an additional 1,225,988 shares in the last quarter. Pathway Financial Advisers LLC grew its holdings in Enterprise Products Partners by 2,862.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 7,756,006 shares of the oil and gas producer’s stock valued at $225,777,000 after buying an additional 7,494,224 shares in the last quarter. Chickasaw Capital Management LLC increased its position in shares of Enterprise Products Partners by 1.6% during the second quarter. Chickasaw Capital Management LLC now owns 5,517,617 shares of the oil and gas producer’s stock valued at $159,901,000 after buying an additional 87,930 shares during the period. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Enterprise Products Partners by 9.0% in the second quarter. Westwood Holdings Group Inc. now owns 5,404,012 shares of the oil and gas producer’s stock worth $156,608,000 after buying an additional 447,768 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were paid a $0.525 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.10 annualized dividend and a yield of 6.39%. Enterprise Products Partners’s payout ratio is 78.65%.

About Enterprise Products Partners

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.