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A Glimpse Into The Expert Outlook On Enterprise Prods Partners Through 11 Analysts

Author: Benzinga Insights | May 01, 2024 10:00am

During the last three months, 11 analysts shared their evaluations of Enterprise Prods Partners (NYSE:EPD), revealing diverse outlooks from bullish to bearish.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 5 6 0 0 0
Last 30D 1 0 0 0 0
1M Ago 1 3 0 0 0
2M Ago 1 1 0 0 0
3M Ago 2 2 0 0 0

Insights from analysts' 12-month price targets are revealed, presenting an average target of $33.64, a high estimate of $36.00, and a low estimate of $31.00. Witnessing a positive shift, the current average has risen by 4.41% from the previous average price target of $32.22.

price target chart

Analyzing Analyst Ratings: A Detailed Breakdown

A clear picture of Enterprise Prods Partners's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Neal Dingmann Truist Securities Raises Buy $35.00 $33.00
Elvira Scotto RBC Capital Maintains Outperform $35.00 -
Michael Blum Wells Fargo Raises Overweight $33.00 $32.00
Tristan Richardson Scotiabank Raises Sector Outperform $32.00 $31.00
Gabriel Moreen Mizuho Maintains Buy $34.00 $34.00
Gabriel Moreen Mizuho Raises Buy $34.00 $33.00
Theresa Chen Barclays Raises Overweight $31.00 $30.00
Neal Dingmann Truist Securities Raises Buy $33.00 $31.00
Elvira Scotto RBC Capital Maintains Outperform $35.00 -
Michael Blum Wells Fargo Raises Overweight $32.00 $31.00
Selman Akyol Stifel Raises Buy $36.00 $35.00

Key Insights:

  • Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Enterprise Prods Partners. This offers insight into analysts' perspectives on the current state of the company.
  • Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Enterprise Prods Partners compared to the broader market.
  • Price Targets: Delving into movements, analysts provide estimates for the future value of Enterprise Prods Partners's stock. This analysis reveals shifts in analysts' expectations over time.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Enterprise Prods Partners's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on Enterprise Prods Partners analyst ratings.

Get to Know Enterprise Prods Partners Better

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. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.

Breaking Down Enterprise Prods Partners's Financial Performance

Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.

Revenue Growth: Enterprise Prods Partners's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 7.12%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: Enterprise Prods Partners's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 10.38%, the company may face hurdles in effective cost management.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 5.54%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.16%, the company showcases effective utilization of assets.

Debt Management: Enterprise Prods Partners's debt-to-equity ratio is below the industry average. With a ratio of 1.05, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

How Are Analyst Ratings Determined?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: EPD

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