So Far This Year, Enterprise Products Partners L.P. (EPD) Reached A New High 1 time

As of Thursday close, Enterprise Products Partners L.P.’s (NYSE:EPD) stock was down -$0.49, moving down -2.03 percent to $23.60. The average number of shares traded per day over the past five days has been 9,560,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.86 fall in that time frame. In the last twenty days, the average volume was 6,648,015, while in the previous 50 days, it was 6,857,494.

Since last month, EPD stock retreated -11.91%. Shares of the company fell to $23.05 on 06/17/22, the lowest level in the past month. A 52-week high of $28.65 was reached on 06/08/22 after having rallying from a 52-week low of $20.42. Since the beginning of this year, EPD’s stock price has risen by 7.47% or $1.64, and marked a new high 34 times. However, the stock has declined by -17.63% since its 52-week high.

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Enterprise Products Partners L.P. (EPD) last reported insider trading activity 43 days ago on May 12. Rutherford John R, the Director of the company, purchased of 10,000 shares for $25.74 on May 12. It resulted in a $257,384 investment by the insider. Rutherford John R added 15,000 shares at an average price of $23.76 on Feb 18. The insider now owns 97,441 shares following the transaction. On Feb 02, Director Rutherford John R bought 10,000 shares at $23.72 apiece. The transaction was valued at $237,205.

Valuation Metrics

Right now, Enterprise Products Partners L.P. (EPD) has a P/E ratio of about 11.42. The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 1.19, the price-to-book (PB) ratio of 2.01, and the price-to-cash flow ratio of 19.06 may also be considered.

The latest dividend of $0.4650 per share was paid out, remained unchanged from last year’s $0.4650. On Thursday January 6 2022, a $0.0150 dividend increase was announced.

Financial Health

In the three months ended March 30, Enterprise Products Partners L.P.’s quick ratio stood at 0.70, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.05, and the total debt-to-equity ratio was 1.16. On the profitability front, the trailing twelve-month gross margin is 19.90% percent. In the year ended March 30, operating margins totaled 13.60%. Based on annual data, EPD earned $5.73 billion in gross profit and brought in $40.81 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.00%. Return on equity (ROE) for the past 12 months was 18.10%.

In Enterprise Products Partners L.P.’s quarter-end financial report for March 30, it reported total debt of $28.14 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EPD’s revenue rose 39.12% to $10.83 billion during the quarter, while net income inched up to $11.37 billion. While analysts expected Enterprise Products Partners L.P. to report $0.53 quarterly earnings, the actual figure was $0.59 per share, beating the consensus estimate by 11.30%. During the quarter, the company generated $2.22 billion in EBITDA. The liabilities of Enterprise Products Partners L.P. were 43.66 billion at the end of its most recent quarter ended March 30, and its total debt was $29.92 billion. The value of shareholders’ equity is $2.18 billion.

Technical Picture

This quick technical analysis looks at Enterprise Products Partners L.P.’s (EPD) price momentum. With a historical volatility rate of 34.98%, the RSI 9-day stood at 25.32% on 23 June.

With respect to its five-day moving average, the current Enterprise Products Partners L.P. price is down by -7.31% percent or -$1.86. At present, EPD shares trade -11.94% below its 20-day simple moving average and -0.25% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.92% below its SMA50 and +4.33% above its SMA200.

Stochastic coefficient K was 17.87% and Stochastic coefficient D was 16.01%, while ATR was 0.89. Given the Stochastic reading of 9.90% for the 14-day period, the RSI (14) reading has been calculated as 29.38%. As of today, the MACD Oscillator reading stands at -1.00, while the 14-day reading stands at -2.14.

Analyst Ratings

Enterprise Products Partners L.P. (EPD) has been rated Overweight by analysts. According to 0 brokerage firms, EPD is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Enterprise Products Partners L.P. stock as buy, with 16 recommending it as overweight.

With a median target price of $31.00, the current consensus forecast for the stock is $28.00 – $33.00. Based on these forecasts, analysts predict Enterprise Products Partners L.P. (EPD) will achieve an average price target of $31.05.


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