Trade Report: The Research Analysts’ Recent Ratings Changes for Enterprise Products Partners L.P. (EPD)

The Research Analysts’ Recent Ratings Changes for Enterprise Products Partners L.P. (EPD)

A number of firms have modified their ratings and price targets on shares of Enterprise Products Partners L.P. (NYSE: EPD) recently:

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded down 0.26% during midday trading on Wednesday, hitting $27.20. 1,532,586 shares of the stock were exchanged. Enterprise Products Partners L.P. has a 52-week low of $19.00 and a 52-week high of $30.11. The firm’s 50-day moving average is $26.86 and its 200 day moving average is $27.15. The firm has a market cap of $56.89 billion, a PE ratio of 21.73 and a beta of 0.93.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its earnings results on Thursday, July 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.04. Enterprise Products Partners L.P. had a net margin of 11.06% and a return on equity of 12.45%. The company earned $5.62 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter last year, the firm earned $0.34 EPS. Enterprise Products Partners L.P.’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, analysts forecast that Enterprise Products Partners L.P. will post $1.25 earnings per share for the current year.

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