Seaport Global Securities Analysts Give Enterprise Products (NYSE:EPD) a $27.00 Price Target

Enterprise Products (NYSE:EPD) has been given a $27.00 price objective by stock analysts at Seaport Global Securities in a note issued to investors on Monday, April 9th. The firm presently has a “buy” rating on the oil and gas producer’s stock. Seaport Global Securities’ target price suggests a potential upside of 1.31% from the stock’s previous close.

EPD has been the subject of a number of other reports. Credit Suisse Group started coverage on Enterprise Products in a research note on Thursday, January 4th. They set an “outperform” rating and a $31.00 price objective for the company. Tudor Pickering upgraded Enterprise Products from a “hold” rating to a “buy” rating in a report on Wednesday, December 13th. UBS reiterated a “buy” rating and set a $34.00 target price (down from $36.00) on shares of Enterprise Products in a report on Friday, March 2nd. Bank of America reduced their target price on Enterprise Products from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, March 27th. Finally, Jefferies Group reiterated a “buy” rating and set a $31.00 target price on shares of Enterprise Products in a report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $30.86.

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Shares of Enterprise Products stock opened at $26.65 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.70 and a debt-to-equity ratio of 0.95. Enterprise Products has a 12 month low of $23.10 and a 12 month high of $29.51. The firm has a market cap of $58,003.79, a P/E ratio of 20.19, a P/E/G ratio of 4.31 and a beta of 0.84.

Enterprise Products (NYSE:EPD) last announced its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Enterprise Products had a return on equity of 12.52% and a net margin of 9.57%. The business had revenue of $8.43 billion during the quarter, compared to analysts’ expectations of $7.02 billion. During the same period in the previous year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. equities research analysts anticipate that Enterprise Products will post 1.54 earnings per share for the current fiscal year.

In other news, CEO Aj Teague purchased 24,665 shares of the business’s stock in a transaction dated Thursday, March 29th. The shares were bought at an average cost of $24.54 per share, for a total transaction of $605,279.10. Following the completion of the acquisition, the chief executive officer now directly owns 1,616,790 shares in the company, valued at approximately $39,676,026.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 37.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EPD. Global Trust Asset Management LLC bought a new stake in Enterprise Products during the fourth quarter worth about $123,000. Vigilant Capital Management LLC bought a new stake in Enterprise Products during the fourth quarter worth about $126,000. Johnson Financial Group Inc. raised its holdings in Enterprise Products by 315.8% during the fourth quarter. Johnson Financial Group Inc. now owns 5,256 shares of the oil and gas producer’s stock worth $140,000 after acquiring an additional 3,992 shares in the last quarter. First Dallas Securities Inc. bought a new stake in Enterprise Products during the fourth quarter worth about $143,000. Finally, Trust Department MB Financial Bank N A raised its holdings in Enterprise Products by 81.4% during the fourth quarter. Trust Department MB Financial Bank N A now owns 5,528 shares of the oil and gas producer’s stock worth $147,000 after acquiring an additional 2,480 shares in the last quarter. Institutional investors and hedge funds own 36.35% of the company’s stock.

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About Enterprise Products

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.

Analyst Recommendations for Enterprise Products (NYSE:EPD)

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