Enterprise Products Partners (NYSE:EPD) Stock Rating Upgraded by Wall Street Zen

Enterprise Products Partners (NYSE:EPD) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Monday.

Several other equities analysts have also recently issued reports on EPD. UBS Group reissued a “buy” rating on shares of Enterprise Products Partners in a research note on Wednesday, March 4th. JPMorgan Chase & Co. raised their target price on shares of Enterprise Products Partners from $35.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Jefferies Financial Group lifted their target price on shares of Enterprise Products Partners from $34.00 to $40.00 and gave the company a “hold” rating in a report on Tuesday, March 31st. TD Cowen boosted their price target on shares of Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday, February 4th. Finally, Raymond James Financial cut 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. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.73.

Enterprise Products Partners Stock Down 0.0%

EPD opened at $37.56 on Monday. Enterprise Products Partners has a 52 week low of $27.77 and a 52 week high of $39.74. The business has a 50 day moving average price of $36.46 and a two-hundred day moving average price of $33.42. The company has a quick ratio of 0.74, a current ratio of 1.04 and a debt-to-equity ratio of 1.07. The company has a market cap of $81.20 billion, a PE ratio of 14.12, a P/E/G ratio of 1.50 and a beta of 0.55.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share (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 business had revenue of $13.79 billion for the quarter, compared to analyst estimates of $12.44 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, research analysts anticipate that Enterprise Products Partners will post 2.9 EPS for the current year.

Insider Activity

In related news, CEO Aj Teague purchased 2,665 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was acquired at an average price of $37.55 per share, for a total transaction of $100,070.75. Following the acquisition, the chief executive officer directly owned 77,576 shares of the company’s stock, valued at $2,912,978.80. This trade represents a 3.56% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 32.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EPD. Arete Wealth Advisors LLC lifted its position in shares of Enterprise Products Partners by 1.5% during the 3rd quarter. Arete Wealth Advisors LLC now owns 21,145 shares of the oil and gas producer’s stock valued at $661,000 after acquiring an additional 317 shares during the period. ORG Wealth Partners LLC grew its holdings in shares of Enterprise Products Partners by 0.5% in the 4th quarter. ORG Wealth Partners LLC now owns 66,266 shares of the oil and gas producer’s stock worth $2,125,000 after acquiring an additional 317 shares during the period. Walker Asset Management LLC increased its stake in Enterprise Products Partners by 1.7% in the 4th quarter. Walker Asset Management LLC now owns 19,678 shares of the oil and gas producer’s stock valued at $631,000 after purchasing an additional 326 shares in the last quarter. Mission Wealth Management LP raised its holdings in Enterprise Products Partners by 1.0% during the fourth quarter. Mission Wealth Management LP now owns 32,348 shares of the oil and gas producer’s stock worth $1,037,000 after purchasing an additional 328 shares during the last quarter. Finally, Montag A & Associates Inc. raised its holdings in Enterprise Products Partners by 5.9% during the fourth quarter. Montag A & Associates Inc. now owns 5,880 shares of the oil and gas producer’s stock worth $189,000 after purchasing an additional 330 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.