Media headlines about Enterprise Products Partners L.P. (NYSE:EPD) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research group, a division of Accern, identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Enterprise Products Partners L.P. earned a media sentiment score of 0.10 on AlphaOne’s scale. AlphaOne also assigned press coverage about the oil and gas producer an impact score of 77 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Alpha One Sentiment Analysis’s rankings:
- Roundtable: 1 Stock I'm Never Selling (finance.yahoo.com)
- Products Partners L P : Enterprise Products to Participate in MUFG Securities Americas Oil and Gas Conference (4-traders.com)
- Products Partners L P : Enterprise Products to Participate in MUFG Securities Americas Inc. Oil and Gas Conference (4-traders.com)
- Enterprise Products Partners L.P. (EPD) Earns Outperform Rating from Analysts at Sanford C. Bernstein (americanbankingnews.com)
- How EPD May Perform This Week Based on Its Implied Volatility (finance.yahoo.com)
EPD has been the topic of a number of analyst reports. Guggenheim initiated coverage on Enterprise Products Partners L.P. in a research note on Monday, April 17th. They issued a “buy” rating and a $32.00 price target on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Tuesday, April 4th. Scotiabank reissued a “buy” rating and issued a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Sunday, March 12th. Macquarie reaffirmed an “outperform” rating and set a $32.00 price objective on shares of Enterprise Products Partners L.P. in a research note on Friday, April 21st. Finally, Sanford C. Bernstein started coverage on Enterprise Products Partners L.P. in a research note on Tuesday. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $32.08.
Enterprise Products Partners L.P. (NYSE:EPD) traded up 2.41% during trading on Friday, reaching $27.15. The company had a trading volume of 2,457,176 shares. The company has a 50-day moving average price of $27.37 and a 200 day moving average price of $27.10. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25. The company has a market capitalization of $58.00 billion, a price-to-earnings ratio of 21.98 and a beta of 0.91.
Enterprise Products Partners L.P. (NYSE:EPD) last posted its earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. Enterprise Products Partners L.P. had a net margin of 10.92% and a return on equity of 11.55%. The company had revenue of $7.32 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The firm’s revenue was up 46.3% compared to the same quarter last year. Analysts expect that Enterprise Products Partners L.P. will post $1.42 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 8th. Investors of record on Friday, April 28th were issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date was Wednesday, April 26th. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.41. Enterprise Products Partners L.P.’s dividend payout ratio is currently 136.67%.
In related news, insider Edwin E. Smith sold 15,000 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $28.02, for a total value of $420,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 37.50% of the company’s stock.
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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