Enterprise Products Partners (EPD) to Release Earnings on Monday

Enterprise Products Partners (NYSE:EPDGet Rating) is scheduled to be releasing its earnings data before the market opens on Monday, May 2nd. Analysts expect Enterprise Products Partners to post earnings of $0.52 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Enterprise Products Partners (NYSE:EPDGet Rating) last released its quarterly earnings data on Tuesday, February 1st. The oil and gas producer reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.02). The company had revenue of $11.37 billion during the quarter, compared to analyst estimates of $9.67 billion. Enterprise Products Partners had a net margin of 11.36% and a return on equity of 18.56%. Enterprise Products Partners’s revenue for the quarter was up 61.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. On average, analysts expect Enterprise Products Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE EPD opened at $26.67 on Monday. The stock has a market cap of $58.04 billion, a PE ratio of 12.70 and a beta of 1.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.91 and a current ratio of 1.14. The firm has a 50-day moving average of $25.23 and a 200-day moving average of $23.69. Enterprise Products Partners has a 52-week low of $20.42 and a 52-week high of $27.65.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 12th. Shareholders of record on Friday, April 29th will be issued a $0.465 dividend. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $1.86 annualized dividend and a yield of 6.97%. Enterprise Products Partners’s dividend payout ratio is currently 88.57%.

In other Enterprise Products Partners news, Director John R. Rutherford purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 2nd. The shares were bought at an average price of $23.72 per share, for a total transaction of $237,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John R. Rutherford acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, February 18th. The shares were acquired at an average price of $23.76 per share, with a total value of $356,400.00. The disclosure for this purchase can be found here. Corporate insiders own 37.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its stake in shares of Enterprise Products Partners by 17.6% in the 2nd quarter. Morgan Stanley now owns 19,946,631 shares of the oil and gas producer’s stock valued at $481,312,000 after acquiring an additional 2,986,213 shares during the last quarter. BlackRock Inc. raised its position in Enterprise Products Partners by 2.4% in the fourth quarter. BlackRock Inc. now owns 23,935,602 shares of the oil and gas producer’s stock valued at $525,626,000 after purchasing an additional 549,925 shares during the last quarter. Boston Private Wealth LLC boosted its stake in shares of Enterprise Products Partners by 166.1% during the fourth quarter. Boston Private Wealth LLC now owns 60,071 shares of the oil and gas producer’s stock valued at $1,319,000 after purchasing an additional 37,500 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Enterprise Products Partners by 31.4% during the fourth quarter. NewEdge Advisors LLC now owns 138,357 shares of the oil and gas producer’s stock worth $3,038,000 after purchasing an additional 33,093 shares during the last quarter. Finally, Autumn Glory Partners LLC bought a new position in Enterprise Products Partners in the 4th quarter valued at approximately $682,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on EPD. StockNews.com assumed coverage on Enterprise Products Partners in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Mizuho upped their price objective on Enterprise Products Partners from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, January 11th. Morgan Stanley downgraded Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $29.00 to $27.00 in a report on Friday, January 7th. Raymond James upped their price target on shares of Enterprise Products Partners from $26.00 to $30.00 and gave the company a “strong-buy” rating in a research note on Monday, April 18th. Finally, Citigroup cut shares of Enterprise Products Partners from a “buy” rating to a “neutral” rating in a research note on Monday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $26.83.

Enterprise Products Partners Company Profile (Get Rating)

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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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Earnings History for Enterprise Products Partners (NYSE:EPD)

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