For close to two decades, Enterprise Products Partners (NYSE:EPD) has been a wealth-compounding machine for its investors, thanks to a reasonable yield and a payout that has grown consistently since it went public. Over the past few years, though, that growth has stalled out a bit, as investors have soured on oil and gas investments in general and on management's decision to slow the company's payout growth.
The announcement that investors' distribution checks weren't going to grow as quickly as they have in the past may sound like the company is struggling with finances. On the contrary, the decision appears to be saving Enterprise Products Partners hundreds of millions of dollars annually, and should make it a better investment down the road. This statement from management explains it all.
Image source: Getty Images.
Hot Growth Stocks To Buy Right Now: Ennis, Inc.(EBF)
Advisors' Opinion:- [By Stephan Byrd]
WARNING: “LSV Asset Management Decreases Position in Ennis, Inc. (EBF)” was reported by Ticker Report and is owned by of Ticker Report. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/4159501/lsv-asset-management-decreases-position-in-ennis-inc-ebf.html.
- [By Logan Wallace]
These are some of the media stories that may have impacted Accern’s scoring:
Get Ennis alerts: Ennis (EBF) Issues Earnings Results (americanbankingnews.com) Ennis beats by $0.07, beats on revenue (seekingalpha.com) Ennis up 4% post Q1 results (seekingalpha.com) Ennis, Inc. Reports Results for the First Quarter Ended May 31, 2018 (finance.yahoo.com) Ennis: Fiscal 1Q Earnings Snapshot (finance.yahoo.com)Shares of Ennis traded down $0.05, hitting $20.20, during trading on Tuesday, according to Marketbeat.com. The company had a trading volume of 117,000 shares, compared to its average volume of 79,358. The firm has a market cap of $489.94 million, a price-to-earnings ratio of 15.66 and a beta of 0.69. Ennis has a fifty-two week low of $17.65 and a fifty-two week high of $21.50. The company has a quick ratio of 4.63, a current ratio of 5.52 and a debt-to-equity ratio of 0.11.
Hot Growth Stocks To Buy Right Now: Patterson-UTI Energy, Inc.(PTEN)
Advisors' Opinion:- [By Tyler Crowe]
The oil services industry, as a whole, has been a challenging one over the past few years as exploration and production companies have drastically scaled back capital spending. Within the industry, the two segments that have been some of the most difficult to make money in are drilling and pressure pumping (fracking). For Patterson-UTI Energy (NASDAQ:PTEN), weakness in these segments has been a double-whammy because they are Patterson's two largest businesses. This past quarter was particularly tough because many producers finished their capital spending plans for 2018 early and might not start back up again until later in 2019.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Patterson-UTI Energy (PTEN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Analysts at Jefferies Financial Group issued their Q1 2019 EPS estimates for shares of Patterson-UTI Energy in a research report issued on Wednesday, October 3rd. Jefferies Financial Group analyst B. Handler forecasts that the oil and gas company will post earnings per share of ($0.13) for the quarter. Jefferies Financial Group has a “Buy” rating and a $22.00 price target on the stock. Jefferies Financial Group also issued estimates for Patterson-UTI Energy’s Q2 2019 earnings at ($0.03) EPS, Q3 2019 earnings at $0.08 EPS and Q4 2019 earnings at $0.13 EPS.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Patterson-UTI Energy (PTEN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Patterson-UTI Energy (PTEN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Get a free copy of the Zacks research report on Patterson-UTI Energy (PTEN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Hot Growth Stocks To Buy Right Now: Guess?, Inc.(GES)
Advisors' Opinion:- [By Jim Crumly]
As for individual stocks, Copart (NASDAQ:CPRT) shares shot up on strong sales and profits, and Guess? (NYSE:GES) disappointed investors with its latest sales numbers and its outlook for the rest of the year.
- [By Garrett Baldwin] On Tuesday, the Trump administration said it would press ahead with 25% tariffs on roughly $50 billion in Chinese goods. As U.S. Trade Secretary Wilbur Ross prepares to head to Beijing to discuss trade this week, the Trump administration is demanding that China address ongoing theft of U.S. intellectual property. Ahead of Friday's jobs report, Automatic Data Processing (NYSE: ADP) reported that private jobs increased by 178,000 during May. That figure was actually 12,000 behind what the markets were anticipating. Job growth appears to be slowing down as the firm also revised its jobs figure for April downward, from 204,000 new positions to 163,000. Three Stocks to Watch Today: KORS, HP, KMI Michael Kors Holdings Ltd. (NYSE: KORS) stock was off 3.2% in pre-market hours after the company reported earnings before the bell. The luxury retailer reported earnings per share (EPS) of $0.63, a figure that topped Wall Street expectations of $0.60. The firm also beat revenue expectations and reported an increase in same-store sales. However, the firm's earnings forecast for the year ahead came in lower than expectations, a factor that pushed its stock lower on Wednesday morning. Shares of HP Inc. (NYSE: HP) were up slightly after the company raised its full-year outlook and topped Wall Street earnings expectations on Tuesday. The company cited stronger demand in desktops and notebooks for its financial performance. The firm matched EPS expectations of $0.48. However, revenue came in at $14.0 billion, a figure that easily beat forecasts of $13.59. The Canadian government announced plans to purchase the Trans Mountain pipeline from Kinder Morgan Canada Ltd. (NYSE: KML) for $3.5 billion. The Canadian government said that the deal was the only way to ensure that the long-awaited project could proceed. The pipeline runs from the Alberta oil sands to a port all the way in British Columbia along the Pacific Ocean. The pipeline is designed to give Canadian crude grea
- [By Shane Hupp]
Guess?, Inc. (NYSE:GES) Director Gianluca Bolla acquired 2,832 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The shares were acquired at an average cost of $26.00 per share, with a total value of $73,632.00. Following the purchase, the director now directly owns 63,936 shares of the company’s stock, valued at approximately $1,662,336. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
- [By Dan Caplinger]
Wall Street had a down day on Thursday, with the trade-sensitive industrial side of the market seeing the largest declines on news that the U.S. and Canada had imposed a set of matching tariffs on each other. The Dow lost more than 200 points, but declines were somewhat less extensive on a percentage basis for other parts of the market. Crude oil prices also moved lower, and the general sense among investors was one of uncertainty about how these initial disputes would evolve over time. Moreover, some bad news from key sectors of the economy weighed on individual stocks. Dollar Tree (NASDAQ:DLTR), Guess? (NYSE:GES), and Micron Technology (NASDAQ:MU) were among the worst performers on the day. Below, we'll look more closely at these stocks to tell you why they did so poorly.
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