Capital One Financial Equities analysts raise earnings estimates for Enterprise Products Partners LP (NYSE: EPD)

Enterprise Products Partners LP (NYSE: EPD) – Capital One Financial stock research analysts increased their estimates of first quarter 2022 earnings per share for shares of Enterprise Products Partners in a research report released on Thursday December 2. Capital One Financial analyst K. May now expects the oil and gas producer to post earnings per share of $ 0.53 for the quarter, up from its previous forecast of $ 0.51. Capital One Financial also released earnings estimates for Enterprise Products Partners for the fourth quarter of 2022 at $ 0.57 per share and earnings for fiscal 2023 at $ 2.33 per share.

A number of other equity analysts also weighed on EPD. Wolfe Research downgraded shares of Enterprise Products Partners from an “outperformance” rating to a “peer performance” rating and set a price target of $ 24.00 for the stock. in a research report on Tuesday, October 19. Morgan Stanley lowered its price target for Enterprise Products Partners shares from $ 33.00 to $ 30.00 and set an “overweight” rating on the stock in a research report released Thursday, August 26. Bank of America began covering shares of Enterprise Products Partners in a research report on Tuesday, September 28. They issued a “buy” note on the title. Zacks Investment Research downgraded shares of Enterprise Products Partners from a “hold” rating to a “sell” rating and set a price target of $ 23.00 for the stock. in a research report on Tuesday, September 28. Finally, Mizuho raised his target price on Enterprise Products Partners shares from $ 28.00 to $ 29.00 and gave the stock a “buy” rating in a research report on Tuesday, October 5. One research analyst rated the stock with a sell rating, another assigned a conservation rating, seven assigned a buy rating, and one assigned a high buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $ 27.33.

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Shares of Enterprise Products Partners opened at $ 21.31 on Friday. The company’s fifty-day simple moving average is $ 22.76 and its 200-day simple moving average is $ 23.12. The stock has a market cap of $ 46.50 billion, a price-to-earnings ratio of 11.97 and a beta of 1.37. Enterprise Products Partners has a 12-month low of $ 19.28 and a 12-month high of $ 25.69. The company has a debt to equity ratio of 1.08, a current ratio of 1.08, and a quick ratio of 0.82. Enterprise Products Partners (NYSE: EPD) last reported its results on Tuesday, November 2. The oil and gas producer reported EPS of $ 0.52 for the quarter, meeting analyst consensus estimates of $ 0.52. The company posted revenue of $ 10.83 billion for the quarter, compared to analysts’ expectations of $ 8.51 billion. Enterprise Products Partners had a net margin of 10.81% and a return on equity of 18.67%. The company’s quarterly revenue increased 56.5% year-over-year. During the same period of the previous year, the company posted EPS of $ 0.48.

Several hedge funds and other institutional investors have recently bought and sold shares in the company. Liontrust Investment Partners LLP acquired a new position in the shares of Enterprise Products Partners during the 3rd quarter for a value of approximately $ 9,954,000. Personal CFO Solutions LLC increased its position in Enterprise Products Partners by 30.1% during the 3rd quarter. Personal CFO Solutions LLC now owns 18,176 shares of the oil and gas producer valued at $ 393,000 after purchasing an additional 4,208 shares in the last quarter. Energy Opportunities Capital Management LLC strengthened its position in Enterprise Products Partners by 3.1% during the 3rd quarter. Energy Opportunities Capital Management LLC now owns 58,785 shares of the oil and gas producer valued at $ 1,272,000 after purchasing an additional 1,760 shares in the last quarter. Wealthsource Partners LLC acquired a new stake in Enterprise Products Partners during the third quarter for a value of approximately $ 872,000. Finally, Strategic Wealth Advisors Group LLC strengthened its position in Enterprise Products Partners by 11.8% during the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 48,344 shares of the oil and gas producer valued at $ 1,048,000 after purchasing an additional 5,107 shares in the last quarter. 28.32% of the capital is held by institutional investors.

In addition, director John R. Rutherford acquired 10,000 shares of the company in a transaction dated Tuesday, November 16. The stock was purchased at an average price of $ 22.86 per share, for a total value of $ 228,600.00. The purchase was disclosed in a filing with the SEC, which is available through this link. In addition, CEO Aj Teague acquired 23,300 shares of the company in a transaction dated Monday, September 20. The shares were purchased at an average cost of $ 21.41 per share, for a total value of $ 498,853.00. Disclosure of this purchase can be found here. 37.50% of the shares are held by insiders.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 12. Investors registered on Friday October 29 received a dividend of $ 0.45. The ex-dividend date of this dividend was Thursday, October 28. This represents an annualized dividend of $ 1.80 and a dividend yield of 8.45%. Enterprise Products Partners’ dividend payout ratio is currently 101.12%.

About corporate products Partners

Enterprise Products Partners LP operates as a holding company, engaged in the production and trading of natural gas and petrochemicals. It operates through the following segments: NGL pipelines and services, crude oil pipelines and services, natural gas pipelines and services, and petrochemical and refined services.

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Revenue History and Estimates of Enterprise Product Partners (NYSE: EPD)

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