FY2024 EPS Estimates for EPD Lowered by US Capital Advisors

Enterprise Products Partners L.P. (NYSE:EPD) – Research analysts at US Capital Advisors decreased their FY2024 earnings per share estimates for shares of Enterprise Products Partners in a note issued to investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now forecasts that the oil and gas producer will post earnings per share of $2.67 for the year, down from their prior estimate of $2.68. US Capital Advisors currently has a “Strong-Buy” rating on the stock. The consensus estimate for Enterprise Products Partners’ current full-year earnings is $2.69 per share. US Capital Advisors also issued estimates for Enterprise Products Partners’ Q1 2025 earnings at $0.66 EPS, Q2 2025 earnings at $0.65 EPS, Q3 2025 earnings at $0.68 EPS, FY2025 earnings at $2.72 EPS and FY2026 earnings at $2.84 EPS.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The company had revenue of $13.78 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same period in the previous year, the company earned $0.60 EPS. Enterprise Products Partners’s quarterly revenue was up 14.8% on a year-over-year basis.

A number of other analysts also recently weighed in on EPD. Bank of America started coverage on Enterprise Products Partners in a research report on Thursday, October 17th. They issued a “buy” rating and a $35.00 target price for the company. Truist Financial upped their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. StockNews.com downgraded shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $34.00.

Enterprise Products Partners Trading Up 1.6 %

NYSE EPD opened at $32.86 on Wednesday. The stock’s 50-day simple moving average is $29.84 and its two-hundred day simple moving average is $29.25. Enterprise Products Partners has a twelve month low of $25.96 and a twelve month high of $33.22. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $71.23 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.69 and a beta of 1.04.

Institutional Investors Weigh In On Enterprise Products Partners

Large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. purchased a new stake in Enterprise Products Partners in the second quarter worth $25,000. Mascoma Wealth Management LLC purchased a new stake in shares of Enterprise Products Partners in the 2nd quarter worth about $29,000. DiNuzzo Private Wealth Inc. boosted its stake in shares of Enterprise Products Partners by 1,000.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 1,000 shares in the last quarter. Assetmark Inc. increased its position in shares of Enterprise Products Partners by 19,800.0% during the third quarter. Assetmark Inc. now owns 1,194 shares of the oil and gas producer’s stock valued at $35,000 after buying an additional 1,188 shares during the period. Finally, Sanctuary Wealth Management L.L.C. bought a new position in Enterprise Products Partners in the third quarter worth about $36,000. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 6.39%. The ex-dividend date was Thursday, October 31st. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 78.65%.

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