Enterprise Products Partners (NYSE:EPD) Receives “Buy” Rating from Mizuho

Enterprise Products Partners (NYSE:EPDGet Free Report)‘s stock had its “buy” rating reiterated by stock analysts at Mizuho in a research note issued on Thursday, Benzinga reports. They currently have a $34.00 target price on the oil and gas producer’s stock. Mizuho’s target price points to a potential upside of 13.75% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $35.00 price target on shares of Enterprise Products Partners in a report on Tuesday, February 13th. StockNews.com raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. Scotiabank upped their price objective on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Thursday. Barclays lifted their target price on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 26th. Finally, Truist Financial increased their price target on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Enterprise Products Partners has an average rating of “Buy” and a consensus price target of $32.50.

Get Our Latest Stock Analysis on Enterprise Products Partners

Enterprise Products Partners Stock Performance

Shares of EPD opened at $29.89 on Thursday. The firm has a market capitalization of $64.81 billion, a P/E ratio of 11.86 and a beta of 1.02. Enterprise Products Partners has a 52 week low of $25.19 and a 52 week high of $29.89. The stock has a 50 day moving average price of $27.82 and a two-hundred day moving average price of $27.12. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93.

Enterprise Products Partners (NYSE:EPDGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The business had revenue of $14.62 billion during the quarter, compared to analyst estimates of $12.43 billion. During the same period in the prior year, the firm posted $0.65 EPS. Enterprise Products Partners’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts forecast that Enterprise Products Partners will post 2.64 earnings per share for the current fiscal year.

Institutional Trading of Enterprise Products Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fairfield Bush & CO. bought a new position in shares of Enterprise Products Partners in the second quarter valued at approximately $26,000. Pacific Center for Financial Services bought a new stake in Enterprise Products Partners during the first quarter valued at $27,000. Burkett Financial Services LLC bought a new position in Enterprise Products Partners in the 4th quarter worth about $28,000. Intrepid Capital Management Inc. bought a new stake in shares of Enterprise Products Partners during the 2nd quarter valued at about $35,000. Finally, Financial Freedom LLC bought a new position in shares of Enterprise Products Partners in the fourth quarter worth approximately $38,000. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Enterprise Products Partners (NYSE:EPD)

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