US Capital Advisors Analysts Reduce Earnings Estimates for Enterprise Products Partners L.P. (EPD)

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Enterprise Products Partners L.P. (NYSE:EPD) – Stock analysts at US Capital Advisors dropped their Q3 2016 earnings estimates for shares of Enterprise Products Partners L.P. in a research report issued on Thursday. US Capital Advisors analyst B. Followill now anticipates that the firm will earn $0.30 per share for the quarter, down from their previous forecast of $0.33. US Capital Advisors also issued estimates for Enterprise Products Partners L.P.’s FY2016 earnings at $1.22 EPS, Q4 2017 earnings at $0.35 EPS, Q1 2018 earnings at $0.38 EPS and Q2 2018 earnings at $0.41 EPS.
Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The business had revenue of $5.62 billion for the quarter, compared to analyst estimates of $5.62 billion. Enterprise Products Partners L.P. had a return on equity of 12.45% and a net margin of 11.06%. The business’s quarterly revenue was down 20.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share.
EPD has been the subject of a number of other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Enterprise Products Partners L.P. in a research report on Friday, July 29th. Vetr lowered shares of Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $30.88 price objective for the company. in a research report on Tuesday, May 31st. Morgan Stanley lowered shares of Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $33.00 to $30.00 in a research report on Thursday, August 18th. Howard Weil began coverage on shares of Enterprise Products Partners L.P. in a research report on Wednesday, June 1st. They set a “sector outperform” rating and a $31.00 price objective for the company. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Enterprise Products Partners L.P. in a research report on Friday, July 29th. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.94.

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Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.81 on Monday. The firm has a market capitalization of $56.08 billion, a P/E ratio of 21.41 and a beta of 0.92. The stock’s 50 day moving average price is $27.25 and its 200 day moving average price is $26.65. Enterprise Products Partners L.P. has a 12 month low of $19.00 and a 12 month high of $30.11.
Enterprise Products Partners L.P. 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.

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