Jefferies Financial Group Issues Positive Forecast for Enterprise Products Partners (NYSE:EPD) Stock Price

Enterprise Products Partners (NYSE:EPD) had its price objective increased by stock analysts at Jefferies Financial Group from $34.00 to $40.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the oil and gas producer’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 3.88% from the company’s previous close.

Several other brokerages have also commented on EPD. JPMorgan Chase & Co. raised their price objective on shares of Enterprise Products Partners from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. TD Cowen upped their target price on Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. Stifel Nicolaus increased their target price on Enterprise Products Partners from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Citigroup restated a “buy” rating and issued a $39.00 target price (up from $36.00) on shares of Enterprise Products Partners in a research note on Wednesday, February 4th. Finally, UBS Group restated a “buy” rating on shares of Enterprise Products Partners in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Enterprise Products Partners presently has a consensus rating of “Moderate Buy” and an average price target of $37.73.

Enterprise Products Partners Trading Down 1.5%

Shares of Enterprise Products Partners stock traded down $0.57 during midday trading on Tuesday, reaching $38.51. 3,651,442 shares of the company’s stock traded hands, compared to its average volume of 4,604,930. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.74 and a current ratio of 1.04. The stock has a 50 day moving average of $36.08 and a 200-day moving average of $33.26. The company has a market cap of $83.24 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.57 and a beta of 0.58. Enterprise Products Partners has a 12 month low of $27.77 and a 12 month high of $39.74.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The firm had revenue of $13.79 billion during the quarter, compared to analysts’ expectations of $12.44 billion. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.33%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.74 EPS. As a group, equities analysts expect that Enterprise Products Partners will post 2.9 EPS for the current fiscal year.

Insider Transactions at Enterprise Products Partners

In other Enterprise Products Partners news, CEO Aj Teague acquired 2,665 shares of the company’s stock in a transaction on Friday, March 20th. The stock was acquired at an average cost of $37.55 per share, with a total value of $100,070.75. Following the purchase, the chief executive officer directly owned 77,576 shares of the company’s stock, valued at approximately $2,912,978.80. This represents a 3.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 32.60% of the company’s stock.

Institutional Investors Weigh In On Enterprise Products Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in Enterprise Products Partners by 19.9% in the fourth quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock worth $1,023,000 after acquiring an additional 5,425 shares during the period. Schnieders Capital Management LLC. increased its position in Enterprise Products Partners by 9.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 58,918 shares of the oil and gas producer’s stock valued at $1,827,000 after purchasing an additional 5,000 shares during the period. Geode Capital Management LLC raised its holdings in shares of Enterprise Products Partners by 6.2% in the 2nd quarter. Geode Capital Management LLC now owns 63,702 shares of the oil and gas producer’s stock valued at $1,975,000 after purchasing an additional 3,742 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Enterprise Products Partners by 7.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 277,197 shares of the oil and gas producer’s stock worth $8,596,000 after purchasing an additional 20,371 shares during the period. Finally, JRM Investment Counsel LLC lifted its position in shares of Enterprise Products Partners by 9.4% in the 2nd quarter. JRM Investment Counsel LLC now owns 523,012 shares of the oil and gas producer’s stock worth $16,219,000 after purchasing an additional 45,029 shares during the period. Institutional investors own 26.07% of the company’s stock.

About Enterprise Products Partners

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.