Q2 2017 EPS Estimates for Enterprise Products Partners L.P. (EPD) Reduced by Analyst

Enterprise Products Partners L.P. (NYSE:EPD) – Jefferies Group dropped their Q2 2017 earnings per share estimates for shares of Enterprise Products Partners L.P. in a note issued to investors on Wednesday. Jefferies Group analyst C. Sighinolfi now anticipates that the oil and gas producer will post earnings of $0.32 per share for the quarter, down from their prior estimate of $0.34. Jefferies Group has a “Buy” rating and a $33.00 price target on the stock. Jefferies Group also issued estimates for Enterprise Products Partners L.P.’s FY2017 earnings at $1.39 EPS and FY2018 earnings at $1.59 EPS.

EPD has been the subject of a number of other research reports. BMO Capital Markets set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a research note on Monday, June 5th. Sanford C. Bernstein began coverage on shares of Enterprise Products Partners L.P. in a research note on Tuesday, May 16th. They issued an “outperform” rating for the company. Morgan Stanley raised shares of Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $26.37 to $26.50 in a research note on Thursday, June 15th. Vetr raised shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price objective for the company in a research note on Monday, April 24th. Finally, BidaskClub raised shares of Enterprise Products Partners L.P. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. One research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $32.00.

WARNING: This piece was originally reported by BBNS and is owned by of BBNS. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://baseballnewssource.com/markets/q2-2017-eps-estimates-for-enterprise-products-partners-l-p-epd-reduced-by-analyst-updated-updated-updated/1195882.html.

Enterprise Products Partners L.P. (EPD) opened at 27.28 on Friday. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The firm has a market capitalization of $58.28 billion, a P/E ratio of 22.09 and a beta of 0.89. The firm has a 50-day moving average price of $26.79 and a 200 day moving average price of $27.40.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Tuesday, May 2nd. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Enterprise Products Partners L.P. had a return on equity of 11.73% and a net margin of 10.31%. The firm had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the previous year, the firm posted $0.33 EPS. The company’s quarterly revenue was up 46.3% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 7th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.16%. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is currently 133.87%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EPD. Evanson Asset Management LLC increased its position in Enterprise Products Partners L.P. by 1.0% in the first quarter. Evanson Asset Management LLC now owns 110,131 shares of the oil and gas producer’s stock worth $3,041,000 after buying an additional 1,110 shares in the last quarter. North American Management Corp increased its position in Enterprise Products Partners L.P. by 6.1% in the first quarter. North American Management Corp now owns 175,930 shares of the oil and gas producer’s stock worth $4,857,000 after buying an additional 10,121 shares in the last quarter. Whalerock Point Partners LLC increased its position in Enterprise Products Partners L.P. by 8.9% in the fourth quarter. Whalerock Point Partners LLC now owns 77,130 shares of the oil and gas producer’s stock worth $2,086,000 after buying an additional 6,280 shares in the last quarter. Comerica Bank increased its position in Enterprise Products Partners L.P. by 9.5% in the fourth quarter. Comerica Bank now owns 53,883 shares of the oil and gas producer’s stock worth $1,476,000 after buying an additional 4,670 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new position in Enterprise Products Partners L.P. during the fourth quarter worth $2,076,000. Institutional investors and hedge funds own 38.56% of the company’s stock.

About Enterprise Products Partners L.P.

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.

Earnings History and Estimates for Enterprise Products Partners L.P. (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

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.