Enterprise Products Partners (NYSE:EPD) PT Raised to $37.00 at Truist Financial

Enterprise Products Partners (NYSE:EPD) had its target price boosted by research analysts at Truist Financial from $35.00 to $37.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the oil and gas producer’s stock. Truist Financial’s price target points to a potential upside of 29.51% from the stock’s current price.

Several other research analysts have also recently commented on the company. Morgan Stanley reduced their target price on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, June 10th. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price objective on shares of Enterprise Products Partners in a report on Friday, April 5th. Wells Fargo & Company lifted their price objective on Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Scotiabank lifted their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a report on Thursday, April 4th. Finally, StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 4th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $32.92.

Enterprise Products Partners Trading Down 1.0 %

Shares of Enterprise Products Partners stock opened at $28.57 on Wednesday. The company has a market cap of $62.04 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.34 and a beta of 1.04. Enterprise Products Partners has a 1 year low of $25.61 and a 1 year high of $30.05. The company’s fifty day simple moving average is $28.92 and its 200-day simple moving average is $28.37. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.99.

Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). The firm had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $14.23 billion. Enterprise Products Partners had a return on equity of 20.18% and a net margin of 10.48%. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period last year, the business earned $0.57 earnings per share. As a group, sell-side analysts expect that Enterprise Products Partners will post 2.72 EPS for the current year.

Hedge Funds Weigh In On Enterprise Products Partners

Institutional investors and hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. acquired a new position in shares of Enterprise Products Partners in the 2nd quarter valued at approximately $25,000. Accordant Advisory Group Inc bought a new stake in Enterprise Products Partners in the 1st quarter valued at approximately $26,000. Burkett Financial Services LLC bought a new stake in Enterprise Products Partners in the 4th quarter valued at approximately $28,000. Stephens Consulting LLC bought a new stake in Enterprise Products Partners in the 1st quarter valued at approximately $29,000. Finally, Palisade Asset Management LLC bought a new stake in Enterprise Products Partners in the 1st quarter valued at approximately $29,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Company Profile

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.