Enterprise Products Partners (NYSE:EPD) Given New $36.00 Price Target at Barclays

Enterprise Products Partners (NYSE:EPD) had its price target decreased by analysts at Barclays from $37.00 to $36.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas producer’s stock. Barclays‘s price target points to a potential upside of 10.57% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Citigroup cut their target price on shares of Enterprise Products Partners from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. JPMorgan Chase & Co. raised their price objective on Enterprise Products Partners from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Scotiabank upped their target price on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 6th. Morgan Stanley boosted their price target on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.56.

Enterprise Products Partners Stock Performance

Shares of NYSE:EPD opened at $32.56 on Tuesday. The business has a 50-day moving average of $31.63 and a two-hundred day moving average of $32.18. The firm has a market capitalization of $70.62 billion, a PE ratio of 12.10, a P/E/G ratio of 1.37 and a beta of 0.67. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. Enterprise Products Partners has a 12 month low of $27.37 and a 12 month high of $34.63.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. During the same period last year, the company posted $0.66 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts forecast that Enterprise Products Partners will post 2.9 earnings per share for the current year.

Institutional Investors Weigh In On Enterprise Products Partners

A number of institutional investors have recently modified their holdings of EPD. Brooklyn Investment Group acquired a new stake in Enterprise Products Partners during the first quarter valued at approximately $27,000. Tidemark LLC increased its holdings in shares of Enterprise Products Partners by 54.3% in the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 318 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of Enterprise Products Partners during the 1st quarter valued at approximately $28,000. Lee Danner & Bass Inc. bought a new position in Enterprise Products Partners during the fourth quarter worth $29,000. Finally, Crowley Wealth Management Inc. acquired a new position in Enterprise Products Partners in the fourth quarter worth $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

About Enterprise Products Partners

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.