Enterprise Products Partners (NYSE:EPD) Posts Earnings Results, Beats Expectations By $0.13 EPS

Enterprise Products Partners (NYSE:EPD) announced its quarterly earnings data on Sunday. The oil and gas producer reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.13, RTT News reports. Enterprise Products Partners had a net margin of 16.10% and a return on equity of 17.76%. The firm had revenue of $9.16 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same period in the previous year, the business posted $0.61 EPS. The business’s quarterly revenue was up 22.4% on a year-over-year basis.

EPD traded up $0.21 during midday trading on Tuesday, hitting $23.16. 127,896 shares of the company traded hands, compared to its average volume of 7,361,230. The company has a quick ratio of 0.71, a current ratio of 1.12 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $50.53 billion, a PE ratio of 11.14 and a beta of 1.38. The company’s 50-day moving average is $22.85 and its 200 day moving average is $20.94. Enterprise Products Partners has a 52 week low of $14.90 and a 52 week high of $23.71.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 12th. Shareholders of record on Friday, April 30th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.77%. The ex-dividend date of this dividend is Thursday, April 29th. Enterprise Products Partners’s dividend payout ratio is currently 83.72%.

A number of research firms recently commented on EPD. Mizuho upped their price target on shares of Enterprise Products Partners from $24.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, January 20th. TD Securities began coverage on shares of Enterprise Products Partners in a report on Tuesday, April 13th. They set a “buy” rating and a $28.00 price target for the company. Finally, Morgan Stanley upped their price target on shares of Enterprise Products Partners from $29.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, March 29th. Thirteen equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $25.33.

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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Earnings History for Enterprise Products Partners (NYSE:EPD)

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