Enterprise Products Partners (NYSE:EPD) had its price target lowered by Citigroup from $31.00 to $21.00 in a research note published on Thursday, The Fly reports. The brokerage currently has a buy rating on the oil and gas producer’s stock.

Other research analysts also recently issued reports about the company. Raymond James lowered their price target on Enterprise Products Partners from $36.00 to $27.00 and set a strong-buy rating on the stock in a report on Thursday, March 12th. Cfra lowered their target price on shares of Enterprise Products Partners from $34.00 to $31.00 and set a buy rating on the stock in a research note on Wednesday, April 29th. Stifel Nicolaus reduced their price target on shares of Enterprise Products Partners from $35.00 to $29.00 and set a buy rating for the company in a research note on Tuesday, March 17th. Mizuho restated a buy rating and set a $24.00 price objective on shares of Enterprise Products Partners in a research report on Thursday, April 30th. Finally, Wells Fargo & Co cut their target price on shares of Enterprise Products Partners from $26.00 to $25.00 and set an overweight rating for the company in a research report on Tuesday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Enterprise Products Partners has an average rating of Buy and an average price target of $27.00.

Enterprise Products Partners stock traded down $0.06 during trading hours on Thursday, hitting $17.85. The stock had a trading volume of 4,859,675 shares, compared to its average volume of 8,144,055. The stock’s 50-day moving average price is $19.02 and its 200-day moving average price is $21.39. The stock has a market capitalization of $39.02 billion, a P/E ratio of 8.42 and a beta of 1.44. Enterprise Products Partners has a 12-month low of $10.27 and a 12-month high of $30.86. The company has a quick ratio of 0.89, a current ratio of 1.12 and a debt-to-equity ratio of 1.07.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas producer reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.09. The company had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $8.28 billion. Enterprise Products Partners had a net margin of 14.75% and a return on equity of 18.93%. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 earnings per share. On average, research analysts expect that Enterprise Products Partners will post 2.02 EPS for the current fiscal year.

In related news, COO Graham W. Bacon acquired 10,000 shares of the stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average cost of $19.70 per share, with a total value of $197,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 37.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in Enterprise Products Partners by 5.2% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 30,997 shares of the oil and gas producer’s stock valued at $562,000 after acquiring an additional 1,533 shares in the last quarter. Birch Capital Management LLC lifted its stake in Enterprise Products Partners by 20.6% in the 2nd quarter. Birch Capital Management LLC now owns 72,525 shares of the oil and gas producer’s stock worth $1,318,000 after purchasing an additional 12,371 shares in the last quarter. Modus Advisors LLC boosted its holdings in shares of Enterprise Products Partners by 33.5% during the 2nd quarter. Modus Advisors LLC now owns 27,882 shares of the oil and gas producer’s stock valued at $507,000 after purchasing an additional 7,000 shares during the last quarter. Pathstone Family Office LLC purchased a new position in shares of Enterprise Products Partners during the first quarter valued at about $119,000. Finally, Telemus Capital LLC increased its holdings in shares of Enterprise Products Partners by 49.2% in the first quarter. Telemus Capital LLC now owns 120,299 shares of the oil and gas producer’s stock worth $2,298,000 after purchasing an additional 39,644 shares during the last quarter. Institutional investors and hedge funds own 34.85% 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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The Fly

Analyst Recommendations for Enterprise Products Partners (NYSE:EPD)

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