Enterprise Products Partners L.P. (EPD) to Post Q1 2018 Earnings of $0.35 Per Share, Jefferies Group Forecasts

Enterprise Products Partners L.P. (NYSE:EPD) – Jefferies Group issued their Q1 2018 EPS estimates for Enterprise Products Partners in a report released on Wednesday. Jefferies Group analyst C. Sighinolfi anticipates that the oil and gas producer will post earnings per share of $0.35 for the quarter. Jefferies Group currently has a “Buy” rating and a $30.00 price target on the stock. Jefferies Group also issued estimates for Enterprise Products Partners’ Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.39 EPS, FY2019 earnings at $1.55 EPS, FY2020 earnings at $1.66 EPS and FY2021 earnings at $1.77 EPS.

A number of other equities research analysts also recently commented on EPD. Scotiabank set a $33.00 price objective on Enterprise Products Partners and gave the company a “buy” rating in a research report on Sunday, October 15th. Mizuho set a $31.00 price objective on Enterprise Products Partners and gave the company a “buy” rating in a research report on Sunday, October 15th. BMO Capital Markets set a $33.00 price objective on Enterprise Products Partners and gave the company a “buy” rating in a research report on Thursday, October 12th. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 price objective on shares of Enterprise Products Partners in a research report on Sunday, October 22nd. Finally, SunTrust Banks reiterated a “buy” rating and set a $29.00 price objective on shares of Enterprise Products Partners in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Enterprise Products Partners currently has a consensus rating of “Buy” and an average price target of $30.92.

Enterprise Products Partners (NYSE:EPD) traded up $0.10 on Friday, reaching $26.10. The company’s stock had a trading volume of 5,361,700 shares, compared to its average volume of 4,854,237. The firm has a market capitalization of $56,188.23, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 3.91 and a beta of 0.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.71 and a quick ratio of 0.48. Enterprise Products Partners has a 12-month low of $23.59 and a 12-month high of $30.25.

In other Enterprise Products Partners news, CEO Aj Teague bought 8,250 shares of the stock in a transaction on Tuesday, November 28th. The shares were purchased at an average cost of $24.26 per share, with a total value of $200,145.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carin Marcy Barth bought 12,000 shares of the stock in a transaction on Monday, November 6th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $300,000.00. The disclosure for this purchase can be found here. Corporate insiders own 37.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Tortoise Capital Advisors L.L.C. boosted its holdings in Enterprise Products Partners by 5.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 43,760,469 shares of the oil and gas producer’s stock valued at $1,140,835,000 after acquiring an additional 2,092,528 shares during the period. Harvest Fund Advisors LLC boosted its holdings in Enterprise Products Partners by 5.1% during the third quarter. Harvest Fund Advisors LLC now owns 42,612,584 shares of the oil and gas producer’s stock valued at $1,110,910,000 after acquiring an additional 2,076,377 shares during the period. Alps Advisors Inc. boosted its holdings in Enterprise Products Partners by 0.5% during the third quarter. Alps Advisors Inc. now owns 38,933,881 shares of the oil and gas producer’s stock valued at $1,015,006,000 after acquiring an additional 178,605 shares during the period. Neuberger Berman Group LLC boosted its holdings in Enterprise Products Partners by 4.3% during the third quarter. Neuberger Berman Group LLC now owns 19,989,662 shares of the oil and gas producer’s stock valued at $521,130,000 after acquiring an additional 826,525 shares during the period. Finally, Atlantic Trust Group LLC boosted its holdings in Enterprise Products Partners by 6.8% during the third quarter. Atlantic Trust Group LLC now owns 19,558,583 shares of the oil and gas producer’s stock valued at $509,892,000 after acquiring an additional 1,240,194 shares during the period. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

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Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

Earnings History and Estimates for Enterprise Products Partners (NYSE:EPD)

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