|Bid||25.31 x 800|
|Ask||28.75 x 2900|
|Day's Range||25.74 - 26.75|
|52 Week Range||23.10 - 30.05|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||15.40|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||1.73 (6.43%)|
|1y Target Est||34.00|
Enterprise Products Partners (EPD) closed the most recent trading day at $26.88, moving -0.11% from the previous trading session.
Enterprise Products Partners (EPD), the largest midstream company by market capitalization and the largest component of the Alerian MLP ETF (AMLP), has risen marginally in 2018. Let’s take a look at how institutional investors played Enterprise Products Partners during the third quarter.
The increase in liquid price realizations and oil equivalent production supports third-quarter results. The surge in operation & projects expenses, however, hurt profits.
Per FERC, Kinder Morgan (KMI) will be able to reduce the negative impacts the Gulf LNG project if it adheres to the suggestions in the draft report.
Pioneer Natural's (PXD) to shut operations at the sand mine in Brady by the first quarter of 2019. Also, the company will shift to 100% West Texas sand by May 2019.
The largest Insider Buys this week were for Enterprise Products Partners LP (EPD), General Electric Co. (GE), Keurig Dr Pepper Inc. (KDP) and Weyerhaeuser Co. (WY). President and CFO W. Randall Fowler bought 10,000 shares of EPD stock on Nov. 13 at the average price of $26.19. Warning! GuruFocus has detected 4 Warning Signs with EPD.
In the Marcellus Shale, Cabot (COG) estimates roughly 3,000 of undrilled prospective drilling locations, reflecting strong production prospects.
According to Wall Street analyst estimates, Energy Transfer (ET) stock has a median price target of $22.33, compared to its current market price of $14.93, which implies an upside potential of 50% over the next 12 months. Morgan Stanley raised ET’s price target from $23.0 to $25.0 on November 9. Sixteen Wall Street analysts currently follow Energy Transfer stock. Six have given the stock “strong buy” ratings while eight have given it “buy” ratings.
Energy Transfer (ET) stock is currently trading at a forward enterprise value–to–EBITDA multiple of 12x, based on its expected 2019 earnings. Its five-year historical average valuation is over 16x. Peers’ average is close to 10x. So Energy Transfer stock seems to be trading at a premium valuation to its peers, and it seems inexpensive compared to its historical average. Although Energy Transfer stock looks expensive, its robust expected growth of above 15% next year likely justifies the premium valuation.
CEO of Enterprise Products Partners Lp (NYSE:EPD) Aj Teague bought 15,005 shares of EPD on 11/14/2018 at an average price of $26.32 a share.
Energy Transfer’s (ET) leverage position has improved over the last few quarters despite an increase in total debt. At the end of September 30, it had net debt of $44.4 billion—a 1.4% increase compared to its net debt at the end of 2017.
Chesapeake's (CHK) agreement with Hi-Crush relates to in-basin purchase of Northern White frac sand to support completions program in the Marcellus and Powder River Basins.
The Zacks Analyst Blog Highlights: Eni, Equinor, Enterprise Products, Energen and Phillips 66
Enterprise Products Partners L.P. announced today that it will participate in investor meetings at the RBC Capital Markets Midstream Conference Wednesday, November 14, 2018 in Dallas, Texas.
Phillips 66's (PSX) Liberty Pipeline to enable shippers to secure crude oil transportation from the Rockies and the Bakken production areas.