Stifel Nicolaus Reiterates Hold Rating for Enterprise Products Partners (NYSE:EPD)

Enterprise Products Partners (NYSE:EPD)‘s stock had its “hold” rating reaffirmed by analysts at Stifel Nicolaus in a report released on Thursday, Benzinga reports. They presently have a $40.00 price target on the oil and gas producer’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 1.71% from the company’s current price.

EPD has been the topic of several other reports. Weiss Ratings raised shares of Enterprise Products Partners from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group reiterated a “neutral” rating and set a $38.00 price target on shares of Enterprise Products Partners in a report on Wednesday, June 17th. Morgan Stanley reissued an “underweight” rating and set a $41.00 price target (up from $40.00) on shares of Enterprise Products Partners in a research report on Tuesday, August 18th. UBS Group reissued a “buy” rating and issued a $45.00 price objective on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. Finally, Wall Street Zen upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Enterprise Products Partners has an average rating of “Hold” and an average target price of $39.87.

Enterprise Products Partners Stock Performance

Enterprise Products Partners stock opened at $39.33 on Thursday. Enterprise Products Partners has a fifty-two week low of $30.01 and a fifty-two week high of $40.17. The firm’s 50 day simple moving average is $38.28 and its 200-day simple moving average is $37.84. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.93 and a quick ratio of 0.66. The company has a market cap of $84.93 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 1.42 and a beta of 0.50.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.75 by $0.09. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. The business had revenue of $18.27 billion during the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The firm’s quarterly revenue was up 60.8% on a year-over-year basis. As a group, equities research analysts predict that Enterprise Products Partners will post 3.03 EPS for the current year.

Institutional Investors Weigh In On Enterprise Products Partners

Several large investors have recently made changes to their positions in EPD. Palisade Asset Management LLC acquired a new position in Enterprise Products Partners in the third quarter worth approximately $31,000. N.E.W. Advisory Services LLC bought a new stake in Enterprise Products Partners in the second quarter worth approximately $37,000. Bravera Wealth grew its position in Enterprise Products Partners by 666.7% in the second quarter. Bravera Wealth now owns 1,035 shares of the oil and gas producer’s stock worth $38,000 after acquiring an additional 900 shares in the last quarter. Markowski Investments acquired a new position in shares of Enterprise Products Partners during the 2nd quarter worth $46,000. Finally, BOK Financial Private Wealth Inc. bought a new position in shares of Enterprise Products Partners during the 2nd quarter valued at $48,000. Institutional investors own 26.07% of the company’s stock.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a publicly traded midstream energy partnership that provides transportation, storage, processing and export services for crude oil, natural gas, natural gas liquids (NGLs), petrochemicals and refined products. The company operates an integrated network of pipelines, processing plants, fractionation facilities, storage assets and marine terminals.

Enterprise’s NGL operations include natural gas processing, NGL fractionation and the production and distribution of ethane, propane, butanes and natural gasoline.