27.31 -0.06 (-0.22%)
After hours: 7:03PM EST
|Bid||27.31 x 3200|
|Ask||27.69 x 1000|
|Day's Range||27.32 - 27.69|
|52 Week Range||23.10 - 30.05|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||16.30|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||1.73 (6.39%)|
|1y Target Est||33.24|
Enterprise Products Partners L.P. (EPD) (“Enterprise”) announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to limited partners with respect to the fourth quarter of 2018 to $0.435 per common unit, or $1.74 per unit on an annualized basis. The quarterly distribution will be paid Friday, February 8, 2019, to unitholders of record as of the close of business Thursday, January 31, 2019. This distribution, which represents a 2.4 percent increase over the distribution declared with respect to the fourth quarter of 2017, is the partnership’s 58th consecutive quarterly distribution increase.
In the latest trading session, Enterprise Products Partners (EPD) closed at $27.37, marking a +0.63% move from the previous day.
Kinder Morgan Is Expected to Report Higher Q4 Earnings (Continued from Prior Part) ## Analysts’ recommendations Analysts’ average target price of $21.4 implies an upside potential of 24% from Kinder Morgan’s (KMI) current price. Among the 21 analysts surveyed by Reuters covering Kinder Morgan, ten recommended a “strong buy,” eight recommended a “buy,” two recommended a “hold,” and one recommended a “strong sell.” The above graph shows analysts’ recommendations for Kinder Morgan over the last 12 months. As the above graph shows, more analysts are bullish on Kinder Morgan now than a year ago. ## Peers’ recommendations Among the 19 Reuters-surveyed analysts covering ONEOK (OKE), seven recommended a “strong buy,” five recommended a “buy,” and seven recommended a “hold.” The mean target price for ONEOK is $70.7, which implies an upside potential of ~19% from its current price. Among the 21 analysts covering Williams Companies (WMB), seven recommended a “strong buy,” ten recommended a “buy,” and four recommended a “hold.” The mean target price for Williams Companies is $31.9, which implies an upside potential of 27% from its current price. Among the 24 analysts covering Enterprise Products Partners (EPD), 11 recommended a “strong buy,” 11 recommended a “buy,” and two recommended a “hold.” The mean target price for Enterprise Products Partners is $33.2, which implies an upside potential of ~22% from its current price. Among the 17 analysts covering Energy Transfer (ET), eight recommended a “strong buy,” seven recommended a “buy,” and two recommended a “hold.” The mean target price for Energy Transfer is $21.6, which implies an upside potential of ~43% from its current price. Browse this series on Market Realist: * Part 1 - Kinder Morgan: What to Expect from Its Q4 Earnings * Part 2 - Kinder Morgan’s Q4 Revenues Are Expected to Rise * Part 3 - Natural Gas Pipelines Might Drive Kinder Morgan’s Growth
Kinder Morgan Is Expected to Report Higher Q4 Earnings (Continued from Prior Part) ## Kinder Morgan stock So far, Kinder Morgan (KMI) stock has risen ~12% in 2019. Kinder Morgan has risen more compared to the 3% rise in the broader markets and an 8% rise in the Energy Select Sector SPDR ETF (XLE). In the last 12 months, Kinder Morgan fell ~9%. XLE fell 17%, while the SPDR S&P 500 ETF fell ~6% during the same period. Strong fourth-quarter results might boost Kinder Morgan stock. The above graph compares the performance of Kinder Morgan stock with its peers over the last 12 months. Enterprise Products Partners (EPD) fell 4%, while ONEOK (OKE) rose 5% during this period. ## Kinder Morgan’s yield Kinder Morgan is trading at a yield of ~4.6%. Enterprise Products Partners is trading at a yield of ~6.4%, while ONEOK is offering a yield of ~5.7%. Williams Companies (WMB) is trading at a yield of ~5.4%. So, Kinder Morgan’s yield is on the lower side compared to its peers. Kinder Morgan expects to increase its dividends 25% in 2019—compared to 2018. ## 2019 guidance Kinder Morgan expects its distributable cash flow to increase 10% in 2019—compared to 2018. Kinder Morgan’s Elba liquefaction project and the Gulf Coast Express project are expected to contribute to its earnings in 2019. The company expects to spend $3.1 billion on growth projects, including contributions to joint ventures. Kinder Morgan targets a net debt-to-adjusted EBITDA ratio of 4.5x at the end of 2019. The ratio was at 4.6x at the end of the third quarter. Next, we’ll discuss analysts’ recommendations for Kinder Morgan before its fourth-quarter earnings. Continue to Next Part Browse this series on Market Realist: * Part 1 - Kinder Morgan: What to Expect from Its Q4 Earnings * Part 2 - Kinder Morgan’s Q4 Revenues Are Expected to Rise * Part 3 - Natural Gas Pipelines Might Drive Kinder Morgan’s Growth
Based on analysts’ estimates, Kinder Morgan (KMI) could report revenues of ~$3.8 billion for the fourth quarter. The estimate is ~5% higher than Kinder Morgan’s revenues in the fourth quarter of 2017. The expected fourth-quarter revenues represent 8% sequential growth. Kinder Morgan missed its revenue estimates in five of the last nine quarters. Kinder Morgan beat the estimates in the other four quarters.
Enterprise Products Partners (EPD) closed the most recent trading day at $27.18, moving -1.24% from the previous trading session.
Wall Street analysts seem very positive about Enterprise Products Partners (EPD). Almost 92% of the analysts that cover Enterprise Products Partners recommended a “buy.” The company has a median target price of $33.2—compared to its current market price of $27.1, which indicates a potential upside of 22.4% for the next 12 months.
How Analysts View the Top MLPs at the Beginning of 2019 ## MLPs in 2019 Midstream energy companies had poor performances in 2018. So far, 2019 has brought many lucrative opportunities in the space. Including dividends, the Alerian MLP ETF (AMLP), the representative of the largest energy MLPs in the country, returned -12%, while crude oil cracked almost 30% last year. Many MLP giants expect strong earnings growth in 2019 based on analysts’ estimates. In this series, we’ll see how Wall Street analysts view these MLPs. We’ll also discuss MLPs’ current valuations and target prices. ## Strong potential upside The above chart shows the estimated upside offered by MLP giants based on the target prices from Wall Street analysts. Among the top five, Energy Transfer (ET) offers a potential upside of 50% for the next 12 months. Enterprise Products Partners (EPD) stock has an implied upside of 22% going forward. Increasing production volumes had a favorable impact on MLPs’ earnings last year. However, geopolitical tensions hampered crude oil prices and MLPs late last year. MLPs played out well when crude oil’s weakness was worse in October. MLPs are relatively more defensive compared to other energy sectors due to their fee-based operations and comparatively lower exposure to energy commodity prices. Currently, MLPs offer a handsome total return potential considering their higher distribution yield and estimated upside based on analysts’ estimates. AMLP offers a distribution yield of 8.6%, which is a spread of more than 6%–7% compared to broader markets and Treasury yields. Continue to Next Part Browse this series on Market Realist: * Part 2 - Enterprise Products Partners: Analysts Are Positive * Part 3 - Is Plains All American Pipeline Stock a Good Bargain? * Part 4 - Magellan Midstream Partners Stock: What to Expect
HENDERSON, NV / ACCESSWIRE / January 8 , 2019 / Energy Select Sector SPDR ETF that holds the 30 top energy companies - slumped 20% last year. While a short-term slump could happen, the longer-term outlook ...
Details the CEO buys this past week for the following companies: OPKO Health, American Assets Trust, Enterprise Products Partners, SITE Centers and Corporate Office Properties
Enterprise Products Partners (EPD) closed the most recent trading day at $25.45, moving +1.84% from the previous trading session.
Enterprise Products Partners L.P. (“Enterprise” NYSE:EPD) today announced that Murray E. Brasseux and John R. Rutherford have been elected members of the board of directors of its general partner, Enterprise Products Holdings LLC, effective today. Each of Mr. Brasseux and Mr. Rutherford has also been appointed to serve on the board’s Audit and Conflicts Committee. Mr. Brasseux is a member of the board of directors of Adams Resources & Energy, Inc., a publicly-traded company primarily engaged in the business of crude oil marketing and tank truck transportation of liquid and dry bulk chemicals.
Given our bearish long-term oil outlook we think investors are more likely to find value in the volume-driven areas of the sector, namely midstream and refining.
CEO of Enterprise Products Partners Lp (NYSE:EPD) Aj Teague bought 10,000 shares of EPD on 12/31/2018 at an average price of $24.36 a share.
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. The price of Philip Morris International Inc. (PM) shares has declined to close to the 52-week low of $67.27, which is 41.9% off the 52-week high of $111.25. The company has a market cap of $104.57 billion.
In the latest trading session, Enterprise Products Partners (EPD) closed at $23.88, marking a -1.49% move from the previous day.
Master limited partnership (MLP) Enterprise Products Partners Ltd. EPD is an integrated provider of natural gas, and natural gas liquids in both the United States and Canada. In fact, EPD's management garners Morningstar Research's rarely awarded "exemplary" rating.
Energy Information Administration projects Brent price and WTI crude to average $61 and $54 per barrel, respectively, in 2019.
Energy Transfer (ET) stock was one of the top gainers among energy midstream giants on December 26. Energy stocks broke the downward run after crude oil prices rose more than 7% yesterday. Energy Transfer stock continues to look weak given a large discount to its simple moving average levels.