US Capital Advisors Equities Analysts Decrease Earnings Estimates for Enterprise Products Partners L.P. (NYSE:EPD)

Enterprise Products Partners L.P. (NYSE:EPD) – Investment analysts at US Capital Advisors lowered their Q2 2017 earnings per share (EPS) estimates for shares of Enterprise Products Partners L.P. in a note issued to investors on Monday. US Capital Advisors analyst B. Followill now expects that the oil and gas producer will earn $0.32 per share for the quarter, down from their prior estimate of $0.33. US Capital Advisors also issued estimates for Enterprise Products Partners L.P.’s Q3 2017 earnings at $0.34 EPS, Q4 2017 earnings at $0.40 EPS, FY2017 earnings at $1.42 EPS and FY2018 earnings at $1.52 EPS.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings data on Tuesday, May 2nd. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same period last year, the firm posted $0.33 earnings per share. The business’s revenue was up 46.3% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “US Capital Advisors Equities Analysts Decrease Earnings Estimates for Enterprise Products Partners L.P. (NYSE:EPD)” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/07/20/us-capital-advisors-equities-analysts-decrease-earnings-estimates-for-enterprise-products-partners-l-p-nyseepd.html.

EPD has been the topic of several other research reports. BMO Capital Markets set a $33.00 price objective on Enterprise Products Partners L.P. and gave the company a “buy” rating in a research note on Monday, June 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Friday, July 14th. Sanford C. Bernstein began coverage on Enterprise Products Partners L.P. in a research report on Tuesday, May 16th. They set an “outperform” rating on the stock. Morgan Stanley upgraded Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $26.37 to $26.50 in a research report on Thursday, June 15th. Finally, Vetr upgraded Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 target price on the stock in a research report on Monday, April 24th. One equities research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Enterprise Products Partners L.P. presently has a consensus rating of “Buy” and an average target price of $32.05.

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at 27.73 on Tuesday. The firm has a market capitalization of $59.24 billion, a PE ratio of 22.45 and a beta of 0.89. The stock has a 50 day moving average price of $26.91 and a 200-day moving average price of $27.49. Enterprise Products Partners L.P. has a 52-week low of $24.01 and a 52-week high of $30.25.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 7th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.42 per share. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date of this dividend is Thursday, July 27th. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is 133.87%.

Several hedge funds and other institutional investors have recently made changes to their positions in EPD. 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 worth $105,000 after buying an additional 2,615 shares during the period. First Financial Corp IN raised its stake in Enterprise Products Partners L.P. by 11.1% in the second quarter. First Financial Corp IN now owns 4,000 shares of the oil and gas producer’s stock worth $108,000 after buying an additional 400 shares in the last quarter. Baystate Wealth Management LLC raised its stake in 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 worth $122,000 after buying an additional 3,982 shares in the last quarter. Camarda Financial Advisors LLC raised its stake in Enterprise Products Partners L.P. by 0.6% in the second quarter. Camarda Financial Advisors LLC now owns 4,835 shares of the oil and gas producer’s stock worth $131,000 after buying an additional 27 shares in the last quarter. Finally, Crestwood Advisors Group LLC purchased a new stake in Enterprise Products Partners L.P. during the first quarter worth $140,000. 38.52% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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