Johnson Rice assumed coverage on shares of Enterprise Products Partners (NYSE:EPD) in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $35.00 price objective on the oil and gas producer’s stock.

A number of other brokerages also recently weighed in on EPD. Zacks Investment Research downgraded Enterprise Products Partners from a buy rating to a hold rating in a research report on Friday, February 15th. Goldman Sachs Group raised Enterprise Products Partners from a neutral rating to a buy rating and boosted their price target for the stock from $30.00 to $32.00 in a research report on Tuesday, April 2nd. Finally, Evercore ISI began coverage on Enterprise Products Partners in a research report on Tuesday, February 5th. They set an outperform rating on the stock. One 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 stock. The stock currently has an average rating of Buy and an average target price of $33.38.

NYSE:EPD opened at $27.89 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.58 and a current ratio of 0.77. The stock has a market capitalization of $60.95 billion, a P/E ratio of 14.38, a P/E/G ratio of 3.34 and a beta of 0.95. Enterprise Products Partners has a 52-week low of $23.33 and a 52-week high of $30.05.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $9.23 billion. Enterprise Products Partners had a return on equity of 19.50% and a net margin of 12.67%. Enterprise Products Partners’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, analysts anticipate that Enterprise Products Partners will post 2.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Tuesday, April 30th were paid a $0.4375 dividend. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.44. This represents a $1.75 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend was Monday, April 29th. Enterprise Products Partners’s payout ratio is 90.21%.

Several hedge funds have recently modified their holdings of EPD. Natixis boosted its stake in shares of Enterprise Products Partners by 1,064.6% in the first quarter. Natixis now owns 8,364,326 shares of the oil and gas producer’s stock valued at $243,402,000 after buying an additional 7,646,126 shares during the period. Deutsche Bank AG boosted its stake in shares of Enterprise Products Partners by 71.9% in the fourth quarter. Deutsche Bank AG now owns 11,279,445 shares of the oil and gas producer’s stock valued at $277,359,000 after buying an additional 4,719,647 shares during the period. Bank of Montreal Can boosted its stake in shares of Enterprise Products Partners by 86.9% in the first quarter. Bank of Montreal Can now owns 8,937,630 shares of the oil and gas producer’s stock valued at $260,084,000 after buying an additional 4,156,710 shares during the period. Energy Income Partners LLC boosted its stake in shares of Enterprise Products Partners by 14.2% in the fourth quarter. Energy Income Partners LLC now owns 20,868,803 shares of the oil and gas producer’s stock valued at $513,164,000 after buying an additional 2,596,527 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Enterprise Products Partners by 14.3% in the fourth quarter. BlackRock Inc. now owns 15,304,914 shares of the oil and gas producer’s stock valued at $376,347,000 after buying an additional 1,912,588 shares during the period. Institutional investors and hedge funds own 37.19% of the company’s stock.

Enterprise Products Partners Company Profile

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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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Analyst Recommendations for Enterprise Products Partners (NYSE:EPD)

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