We’re back on the road traveling domestically, internationally. We’re growing existing relationships and developing new ones and new opportunities. The table below shows EPD’s growth in key financial areas (numbers in millions of US dollars). The facts discussed here and much other information on Zacks.com might help determine whether or not it’s worthwhile paying attention to the market buzz about Enterprise Products.
The consensus among Wall Street research analysts is that investors should “moderate buy” EPD shares. Enterprise’s geographical and asset diversity allow it to pursue growth in nearly any environment. It can aggregate supply of every type of hydrocarbon from multiple sources in major producing basins and deliver it to multiple end markets (refiners, petrochemicals, exports).
The most recent change in the company’s dividend was an increase of $0.01 on Monday, July 10, 2023. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. With 7%-plus dividend yields and prices well below recent highs, Enbridge and Enterprise Products Partners are smart buys.
© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were paid a dividend of $0.50 per share.
Over the last 30 days, the Zacks Consensus Estimate has changed -0.5%. Here at Zacks, we prioritize appraising the change in the projection of a company’s future https://bigbostrade.com/ earnings over anything else. That’s because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
This means that analysts believe this stock is likely to outperform the market over the next twelve months. According to 7 stock analysts, the average 12-month stock price forecast for EPD stock stock is $31.43, which predicts an increase of 17.06%. That’s why in addition to traditional midstream services, we’re also focused on investments in lower carbon projects, like carbon capture and sequestration, and providing blue ammonia into export markets. U.S. hydrocarbons remain badly needed to support countries who live in energy poverty, and to support our closest friends or allies in Europe who are in energy crisis.
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Its robust marketing operations let it clip transaction-fee-like earnings during volatile oil and gas markets like we saw with winter storm Uri in 2021. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please see disclaimer.
Enterprise Products Partners declared a quarterly dividend on Monday, July 10th. Shareholders of record on Monday, July 31st will be given a dividend of $0.50 per share on Monday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.43%. This is a positive change from the stock’s previous quarterly dividend of $0.49. 9 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Enterprise Products Partners in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock.
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The company topped consensus revenue estimates just once over this period. Enterprise Products reported revenues of $10.65 billion in the last reported quarter, representing a year-over-year change of -33.7%. EPS of $0.57 for the same period compares with $0.64 a year ago. While earnings growth is arguably the most superior indicator of a company’s financial health, nothing happens as such if a business isn’t able to grow its revenues.
- Enterprise Products Partners’s dividend payout ratio is presently 80.97%.
- This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.45%.
- This is a positive change from the stock’s previous quarterly dividend of $0.49.
- Below are the latest news stories about ENTERPRISE PRODUCTS PARTNERS LP that investors may wish to consider to help them evaluate EPD as an investment opportunity.
- For the next fiscal year, the consensus earnings estimate of $2.64 indicates a change of +4.9% from what Enterprise Products is expected to report a year ago.
We at Enterprise have been emphatic that it’s going to take all of the above in order to meet the world’s growing energy needs. Enterprise Products Partners (issues Schedule K-1) holds valuable energy midstream and processing infrastructure across the U.S. It holds a dominant position in the NGL market and is one of the few companies to be able to capture value across the full hydrocarbon value chain. This position was further boosted by its recent acquisition of Navitas Midstream, giving EPD a strong presence in the Permian Basin.
Earnings Transcripts
Dividend investing and growing one’s income stream is a good thing to be passionate about. To put it more bluntly, it’s better to collect stocks and bonds than to collect baseball cards and other things that don’t pay you anything in return. Enterprise Products Partners (EPD Quick QuoteEPD – Free Report) has recently been on Zacks.com’s list of the most searched stocks. Therefore, forex spread meaning you might want to consider some of the key factors that could influence the stock’s performance in the near future. Below are the latest news stories about ENTERPRISE PRODUCTS PARTNERS LP that investors may wish to consider to help them evaluate EPD as an investment opportunity. Enterprise Products Partners (EPD) has recently been on Zacks.com’s list of the most searched stocks.
This story was reviewed by MarketBeat’s editorial team prior to publication. The company’s other operations include NGL and natural gas storage in Louisiana salt domes. Salt domes are naturally occurring features that are capable of storing vast quantities of gas and natural gas liquids.
The company was founded in 1968 and is based in Houston, Texas. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Enterprise Products. Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states.
Finally, Morgan Stanley reissued an “equal weight” rating and set a $33.00 target price on shares of Enterprise Products Partners in a research report on Thursday, July 20th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.70. Without considering a stock’s valuation, no investment decision can be efficient.
Enterprise Products Partners (EPD) Stock Forecast, Price & News
ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Gen Alpha has teamed up with Hoya Capital to launch the premier income-focused investing service on Seeking Alpha. Europe recently declared both, natural gas and nuclear energy as clean energy, resources that will be needed for years to come and Asia continues to make no bones about their long-term appetite for U.S. energy.
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Recent stocks from this report have soared up to +178.7% in 3 months – this month’s picks could be even better. While Enterprise Products Partners currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… Compared to the Zacks Consensus Estimate of $12.69 billion, the reported revenues represent a surprise of -16.06%. Enterprise Products Partners’s most recent quarterly dividend payment of $0.50 per share was made to shareholders on Monday, August 14, 2023.
Style is calculated by combining value and growth scores, which are first individually calculated. For Enterprise Products, the consensus sales estimate for the current quarter of $12.44 billion indicates a year-over-year change of -19.6%. For the current and next fiscal years, $48.47 billion and $51.85 billion estimates indicate -16.7% and +7% changes, respectively. Enterprise Products is expected to post earnings of $0.63 per share for the current quarter, representing no change from the year-ago quarter.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
