Stifel Nicolaus Forecasts Strong Price Appreciation for Enterprise Products Partners (NYSE:EPD) Stock

Enterprise Products Partners (NYSE:EPD) had its price objective hoisted by stock analysts at Stifel Nicolaus from $38.00 to $41.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 10.04% from the company’s previous close.

EPD has been the subject of a number of other research reports. Morgan Stanley cut Enterprise Products Partners from an “equal weight” rating to an “underweight” rating and set a $34.00 price objective for the company. in a research report on Thursday, December 18th. Raymond James Financial downgraded shares of Enterprise Products Partners from a “strong-buy” rating to an “outperform” rating and set a $36.00 price target for the company. in a report on Monday, January 5th. Wells Fargo & Company boosted their price objective on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. TD Cowen raised their target price on shares of Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, February 4th. Finally, Barclays reaffirmed an “overweight” rating and issued a $38.00 target price (up from $35.00) on shares of Enterprise Products Partners in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Enterprise Products Partners presently has a consensus rating of “Hold” and an average price target of $36.29.

Enterprise Products Partners Trading Up 0.2%

Shares of Enterprise Products Partners stock opened at $37.26 on Wednesday. Enterprise Products Partners has a 1 year low of $27.77 and a 1 year high of $37.74. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.04 and a quick ratio of 0.60. The business has a 50 day moving average price of $34.18 and a 200 day moving average price of $32.52. The company has a market capitalization of $80.55 billion, a P/E ratio of 14.01, a P/E/G ratio of 2.64 and a beta of 0.59.

Enterprise Products Partners (NYSE:EPD) last announced its earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The firm had revenue of $13.79 billion for the quarter, compared to analysts’ expectations of $12.44 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. Enterprise Products Partners’s quarterly revenue was down 2.9% on a year-over-year basis. Sell-side analysts anticipate that Enterprise Products Partners will post 2.9 EPS for the current fiscal year.

Insider Buying and Selling at Enterprise Products Partners

In related news, Director John R. Rutherford acquired 15,000 shares of the stock in a transaction dated Monday, December 29th. The stock was bought at an average cost of $32.09 per share, with a total value of $481,350.00. Following the purchase, the director directly owned 173,586 shares of the company’s stock, valued at approximately $5,570,374.74. This represents a 9.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 32.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. purchased a new position in shares of Enterprise Products Partners in the 3rd quarter worth about $292,194,000. Goldman Sachs Group Inc. increased its position in Enterprise Products Partners by 12.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 18,163,343 shares of the oil and gas producer’s stock worth $582,317,000 after purchasing an additional 1,940,583 shares in the last quarter. Energy Income Partners LLC raised its holdings in Enterprise Products Partners by 14.3% in the second quarter. Energy Income Partners LLC now owns 14,624,238 shares of the oil and gas producer’s stock valued at $453,498,000 after buying an additional 1,834,659 shares during the period. Corient Private Wealth LLC raised its holdings in Enterprise Products Partners by 119.4% in the second quarter. Corient Private Wealth LLC now owns 2,414,035 shares of the oil and gas producer’s stock valued at $74,859,000 after buying an additional 1,313,976 shares during the period. Finally, Barclays PLC lifted its position in Enterprise Products Partners by 57.5% during the fourth quarter. Barclays PLC now owns 2,928,068 shares of the oil and gas producer’s stock valued at $93,874,000 after buying an additional 1,069,304 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners News Roundup

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: Analyst upgrades — Stifel raised its price target to $41 (buy) and Barclays raised its target to $39 (overweight), sending fresh buy-side interest into EPD and supporting the stock’s gain. Article Title
• Positive Sentiment: Featured by energy strategist Marc Lichtenfeld as a core midstream/income holding: MarketBeat highlighted EPD for stable, “toll-collector” cash flows and a multi-decade track record of distribution increases — a clear draw for income-focused investors. Why One Energy Expert Is Betting on These 3 Oil Stocks Now (EPD)
• Positive Sentiment: Broader positive press — newsletters and sites (Seeking Alpha, The Motley Fool, MarketBeat lists) continue to recommend EPD as a defensive, high-yield energy holding that benefits from contracted cash flows, reinforcing demand from income investors. Enterprise Products Partners: An Anchor In Rough Seas
• Neutral Sentiment: Momentum check — Zacks notes EPD is up about 5.6% since its last earnings report and asks whether that run can continue; the piece frames upside as contingent on sustained cash flows and distribution stability. Enterprise Products (EPD) Up 5.6% Since Last Earnings Report: Can It Continue?

Enterprise Products Partners Company Profile

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.