Enterprise Products Partners (NYSE:EPD) Stock Price Target Raised at Truist Financial

Enterprise Products Partners (NYSE:EPD) had its price objective hoisted by equities researchers at Truist Financial from $40.00 to $41.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the oil and gas producer’s stock. Truist Financial‘s price objective indicates a potential upside of 6.88% from the company’s previous close.

A number of other analysts have also recently commented on the company. Wall Street Zen raised Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. Morgan Stanley reissued an “underweight” rating and issued a $41.00 price objective (up from $40.00) on shares of Enterprise Products Partners in a report on Tuesday, August 18th. Royal Bank Of Canada restated an “outperform” rating and issued a $42.00 price objective on shares of Enterprise Products Partners in a research note on Tuesday, September 22nd. TD Cowen reaffirmed a “hold” rating and set a $38.00 target price (down from $39.00) on shares of Enterprise Products Partners in a report on Monday, August 3rd. Finally, Stifel Nicolaus initiated coverage on Enterprise Products Partners in a research report on Thursday, September 10th. They issued a “hold” rating and a $40.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.18.

Enterprise Products Partners Stock Performance

Shares of NYSE EPD traded down $0.69 during midday trading on Friday, reaching $38.36. The company had a trading volume of 2,192,355 shares, compared to its average volume of 3,878,784. Enterprise Products Partners has a 1 year low of $30.02 and a 1 year high of $40.17. The business’s 50-day simple moving average is $37.68 and its 200 day simple moving average is $37.22. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market cap of $82.84 billion, a P/E ratio of 13.33, a P/E/G ratio of 1.35 and a beta of 0.50.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Thursday, October 29th. The oil and gas producer reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. The firm had revenue of $17.95 billion for the quarter, compared to analyst estimates of $14.98 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The business’s quarterly revenue was up 49.3% compared to the same quarter last year. On average, analysts forecast that Enterprise Products Partners will post 3.10 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EPD. Stiles Financial Services Inc increased its holdings in Enterprise Products Partners by 12.8% in the 3rd quarter. Stiles Financial Services Inc now owns 6,375 shares of the oil and gas producer’s stock valued at $227,000 after purchasing an additional 722 shares during the last quarter. Challenger Wealth Management raised its holdings in shares of Enterprise Products Partners by 8.3% in the 3rd quarter. Challenger Wealth Management now owns 10,728 shares of the oil and gas producer’s stock valued at $382,000 after purchasing an additional 822 shares in the last quarter. GraniteShares Advisors LLC lifted its stake in Enterprise Products Partners by 1.6% during the third quarter. GraniteShares Advisors LLC now owns 82,193 shares of the oil and gas producer’s stock worth $2,927,000 after purchasing an additional 1,272 shares during the last quarter. XML Financial LLC boosted its holdings in shares of Enterprise Products Partners by 6.0% in the 3rd quarter. XML Financial LLC now owns 108,226 shares of the oil and gas producer’s stock valued at $3,854,000 after buying an additional 6,087 shares in the last quarter. Finally, McAlvany Wealth Management LLC boosted its stake in Enterprise Products Partners by 5.7% in the third quarter. McAlvany Wealth Management LLC now owns 85,220 shares of the oil and gas producer’s stock valued at $3,035,000 after acquiring an additional 4,605 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners News Roundup

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: Third-quarter EBITDA increased 16% to approximately $2.8 billion, supported by record volumes across Enterprise’s natural-gas and natural-gas-liquids businesses. Revenue rose 49.3% year over year to $17.95 billion, well above the $14.98 billion analyst estimate. Enterprise Products Q3 EBITDA jumps 16% to $2.8 billion
• Positive Sentiment: Operating cash flow covered the partnership’s distribution by 1.9 times, leaving about $1.1 billion for reinvestment, unit repurchases, or debt reduction. Free cash flow also covered distributions after growth spending, reinforcing the appeal of EPD’s income-oriented investment case. Enterprise Products Partners distribution coverage
• Positive Sentiment: Management forecast 34% growth in Permian wet-gas and NGL volumes through 2030 and is advancing a $6.3 billion project backlog, providing potential long-term earnings and cash-flow catalysts. Enterprise growth outlook and project backlog
• Neutral Sentiment: Adjusted earnings of $0.75 per unit matched consensus, while US Capital Advisors made only a modest increase to its FY2027 estimate, raising it to $3.14 from $3.13. The limited upside surprise may be contributing to a restrained market response. Enterprise Products Partners earnings report
• Positive Sentiment: EPD moved above both its 50-day and 200-day moving averages, a technical signal suggesting improving short- and long-term momentum. EPD overtakes 200-day moving average
• Negative Sentiment: Pipeline partnerships can be sensitive to higher interest rates because rising borrowing costs may pressure valuations and make income-oriented securities relatively less attractive. Broader rate concerns could therefore offset EPD’s favorable operating performance. Rising-rate market risks

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a North American midstream energy partnership headquartered in Houston, Texas. The company provides infrastructure and services for the transportation, storage, processing and export of energy products, connecting producers with domestic and international markets.

Its operations include pipelines, storage facilities, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, and marine terminals. Enterprise handles NGLs such as ethane, propane, butanes and natural gasoline, as well as crude oil, refined products, petrochemicals and natural gas.