Enterprise Products Partners L.P. Forecasted to Earn Q2 2017 Earnings of $0.39 Per Share (EPD)

Enterprise Products Partners L.P. (NYSE:EPD) – Investment analysts at US Capital Advisors boosted their Q2 2017 EPS estimates for Enterprise Products Partners L.P. in a report issued on Wednesday. US Capital Advisors analyst B. Followill now anticipates that the oil and gas producer will earn $0.39 per share for the quarter, up from their previous estimate of $0.35. US Capital Advisors also issued estimates for Enterprise Products Partners L.P.’s Q3 2017 earnings at $0.40 EPS, Q4 2017 earnings at $0.44 EPS, FY2017 earnings at $1.59 EPS, Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.34 EPS and FY2018 earnings at $1.54 EPS.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. Enterprise Products Partners L.P. had a net margin of 10.92% and a return on equity of 11.55%. The company had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The firm’s quarterly revenue was up 46.3% on a year-over-year basis.

ILLEGAL ACTIVITY WARNING: “Enterprise Products Partners L.P. Forecasted to Earn Q2 2017 Earnings of $0.39 Per Share (EPD)” was first posted by BBNS and is the property of of BBNS. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://baseballnewssource.com/markets/enterprise-products-partners-l-p-forecasted-to-earn-q2-2017-earnings-of-0-39-per-share-epd-updated-updated/862379.html.

Earnings History and Estimates for Enterprise Products Partners L.P. (NYSE:EPD)

Other analysts also recently issued research reports about the stock. Guggenheim started coverage on shares of Enterprise Products Partners L.P. in a research report on Monday, April 17th. They issued a “buy” rating and a $32.00 price objective for the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Tuesday, April 4th. Scotiabank reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Sunday, March 12th. Macquarie reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, April 21st. Finally, Sanford C. Bernstein started coverage on shares of Enterprise Products Partners L.P. in a research report on Tuesday, May 16th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Enterprise Products Partners L.P. presently has an average rating of “Buy” and a consensus price target of $32.08.

Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.89 on Friday. The stock has a market cap of $57.45 billion, a P/E ratio of 21.77 and a beta of 0.91. Enterprise Products Partners L.P. has a 52 week low of $24.01 and a 52 week high of $30.25. The company has a 50-day moving average of $27.32 and a 200-day moving average of $27.18.

A number of institutional investors have recently made changes to their positions in the company. Dubuque Bank & Trust Co. boosted its position in shares of Enterprise Products Partners L.P. by 222.6% in the first quarter. Dubuque Bank & Trust Co. now owns 3,790 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 2,615 shares during the period. Baystate Wealth Management LLC boosted its position in shares of Enterprise Products Partners L.P. by 1,050.7% in the first quarter. Baystate Wealth Management LLC now owns 4,361 shares of the oil and gas producer’s stock valued at $122,000 after buying an additional 3,982 shares during the period. Archford Capital Strategies LLC boosted its position in shares of Enterprise Products Partners L.P. by 78.7% in the fourth quarter. Archford Capital Strategies LLC now owns 4,888 shares of the oil and gas producer’s stock valued at $132,000 after buying an additional 2,153 shares during the period. Intellectus Partners LLC purchased a new position in shares of Enterprise Products Partners L.P. during the fourth quarter valued at about $135,000. Finally, Crestwood Advisors Group LLC purchased a new position in shares of Enterprise Products Partners L.P. during the first quarter valued at about $140,000. Hedge funds and other institutional investors own 36.31% of the company’s stock.

In other news, insider Edwin E. Smith sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $28.02, for a total transaction of $420,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 37.50% of the stock is currently owned by company insiders.

The business also recently declared a quarterly dividend, which was paid on Monday, May 8th. Stockholders of record on Friday, April 28th were given a dividend of $0.415 per share. The ex-dividend date of this dividend was Wednesday, April 26th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.17%. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.41. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 136.67%.

Enterprise Products Partners L.P. Company Profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

12 Month Chart for NYSE:EPD

Receive News & Ratings for Enterprise Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners L.P. and related companies with our FREE daily email newsletter.

 


Latest News

Hitters in Major League Baseball on Record Home Run Pace
Hitters in Major League Baseball on Record Home Run Pace
Atlanta Considering Playing Freddie Freeman at Third
Atlanta Considering Playing Freddie Freeman at Third
Injury to Gleyber Torres Adds to Questions About Yankees
Injury to Gleyber Torres Adds to Questions About Yankees
Game Winning Home Run Completes Nolan Arenado Cycle
Game Winning Home Run Completes Nolan Arenado Cycle
New York Yankees and Masahiro Tanaka Hit Hard Again
New York Yankees and Masahiro Tanaka Hit Hard Again
Victor Martinez Diagnosed with Irregular Heartbeat
Victor Martinez Diagnosed with Irregular Heartbeat


Leave a Reply

 
© 2006-2017 BBNS.