Enterprise financial update
Published by Stephanie Roker,
Editor
World Pipelines,
Enterprise Products Partners L.P has received a credit rating of ‘BBB+’ from Morningstar.
The BBB+ rating was given as the company is a moderate default risk. Additionally, Morningstar also awarded their stock a four star rating.
Similarly, financial institution Morgan Stanley increased Enterprise’s rating from an equal weight to overweight. As a result, this allowed for a US$27 target on the company’s stock.
Enterprise also reported its 4Q15 share earnings on 28 January, which met Thomson Reuters’ target estimate of US$0.34.
Enterprise’s 4Q14 earnings per share were US$0.36.
The company earned US$6.16 billion during the quarter, in comparison to the US$7.74 billion estimate. As a result, Enterprise’s revenue decreased by 39.6% in 4Q15 from the previous 2015 quarter.
It has been predicted that the company shall post US$1.38 earnings per share in 2016.
Edited from various sources by Stephanie Roker
Sources: Financial Market News, The Vista Voice
Read the article online at: https://www.worldpipelines.com/business-news/21032016/enterprise-financial-update/
You might also like
The World Pipelines Podcast
Juan Caballero, Chair of the AMPP Board of Directors, talks about AMPP’s global efforts to prevent corrosion and to protect assets, offering insight into how the association listens to its members and serves the pipeline industry.
Listen for free today at www.worldpipelines.com/podcasts or subscribe and review on your favourite podcast app.
Qapqa have signed a contract for the supply of automatic welding equipment and services
Qapqa have signed a contract for the supply of automatic welding equipment and services with A-HAK Pijpleidingen Saudi for ARAMCO’s Master Gas System-3 Project.
