Buying Enterprise Products Partners L.P. (EPD) Stock Is A Smart Move Today?


Enterprise Products Partners L.P. (NYSE:EPD) finished Thursday with a subtraction of -$0.49 to close at $24.92, a downside of -1.93 percent. An average of 4,409,620 shares of common stock have been traded in the last five days. There was a fall of -$1.33 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 4,393,490 shares traded, while the 50-day average volume stands at 4,768,356.

EPD stock has decreased by -7.53% in the last month. The company shares reached their 1-month lowest point of $24.83 on 09/22/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $20.42 and a high of $28.65 in 52 weeks. It has reached a new high 34 times so far this year and achieved 13.48% or $2.96 in price. In spite of this, the price is down -13.02% from the 52-week high.

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Valuation Metrics

Enterprise Products Partners L.P. (EPD) has a trailing price-to-earnings (P/E) ratio of 11.31. The stock’s beta is 1.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.08, the price-to-book (PB) ratio at 2.10, and the price-to-cash flow ratio at 17.74.

The company has a payout ratio of 82.30%. The company’s most recent quarterly dividend payment was $0.4750 a share, representing a up of 2.15% from $0.4650 last year. Its latest increase dividend $0.01 reported on Thursday July 7 2022.

Financial Health

The quick ratio of Enterprise Products Partners L.P. for the three months ended March 30 was 0.60, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.04 and a total debt to equity ratio of 1.11 for the quarter ending March 30. Its gross profit as reported stood at $5.73 billion compared to revenue of $40.81 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Enterprise Products Partners L.P.’s return on assets was 7.00%.

Earnings Surprise

For the three-month period that ended March 30, Enterprise Products Partners L.P. had $28.14 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.03 billion in the quarter, while revenues of $1.15 billion were shrunk -2.35%. The analyst consensus anticipated Enterprise Products Partners L.P.’s latest quarter earnings to come in at $0.53 per share, but it turned out to be $0.59, a 11.30% surprise. For the quarter, EBITDA amounted to $2.35 billion. Shareholders own equity worth $2.18 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Enterprise Products Partners L.P. (EPD) price momentum. RSI 9-day as of the close on 22 September was 24.82%, suggesting the stock is oversold, with historical volatility in this time frame at 17.02%.

As of today, EPD’s price is $25.58 -5.07% or -$1.33 from its 5-day moving average. EPD is currently trading -7.94% lower than its 20-day SMA and -3.82% lower than its 100-day SMA. However, the stock’s current price level is +1.18% above the SMA50 and +18.33% above the SMA200.

The stochastic %K and %D were 16.19% and 23.92%, respectively, and the average true range (ATR) was 0.55. With the 14-day stochastic at 4.13% and the average true range at 0.54, the RSI (14) stands at 32.20%. The stock has reached -0.65 on the 9-day MACD Oscillator while the 14-day reading was at -0.79.

Analyst Ratings

The consensus rating for Enterprise Products Partners L.P. (EPD) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EPD, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 16 others rate it as a “buy”.

What is EPD’s price target for the next 12 months?

Analysts predict a range of price targets between $27.90 and $35.00, with a median target of $32.00. Taking a look at these predictions, the average price target given by analysts for Enterprise Products Partners L.P. (EPD) stock is $31.84.


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