Enterprise Products Partners (NYSE:EPD) will be issuing its quarterly earnings data before the market opens on Monday, October 28th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $8.57 billion. Enterprise Products Partners had a return on equity of 20.02% and a net margin of 14.26%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. On average, analysts expect Enterprise Products Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of EPD opened at $27.60 on Monday. The company has a market cap of $59.91 billion, a P/E ratio of 14.23, a PEG ratio of 3.11 and a beta of 0.87. The stock has a fifty day moving average price of $28.34 and a 200 day moving average price of $28.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.00 and a quick ratio of 0.75. Enterprise Products Partners has a 12 month low of $23.33 and a 12 month high of $30.86.
EPD has been the subject of a number of recent research reports. Piper Jaffray Companies initiated coverage on Enterprise Products Partners in a research note on Wednesday, July 17th. They set an “overweight” rating and a $37.00 price objective for the company. Stifel Nicolaus upped their price objective on Enterprise Products Partners from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada initiated coverage on Enterprise Products Partners in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $35.00 price objective for the company. Scotiabank initiated coverage on Enterprise Products Partners in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $35.00 price target for the company. Finally, Scotia Howard Weill initiated coverage on Enterprise Products Partners in a research note on Wednesday, September 4th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $33.45.
In other Enterprise Products Partners news, Director Murray E. Brasseux purchased 5,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $30.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the director now owns 17,885 shares in the company, valued at approximately $536,550. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 37.50% of the company’s stock.
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. 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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