The Stock Of The Week: Enterprise Products Partners L.P. (EPD)


As of Wednesday close, Enterprise Products Partners L.P.’s (NYSE:EPD) stock was down -$0.09, moving down -0.36 percent to $24.77. The average number of shares traded per day over the past five days has been 6,261,080 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.24 fall in that time frame. In the last twenty days, the average volume was 6,013,060, while in the previous 50 days, it was 5,680,980.

Since last month, EPD stock retreated -1.31%. Shares of the company fell to $24.35 on 11/21/22, 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 12.80% or $2.81, and marked a new high 34 times. However, the stock has declined by -13.54% since its 52-week high.

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EPD stock investors should be aware that Enterprise Products Partners L.P. (EPD) stock had its last reported insider trading activity 2 days ago on Nov 23. Rutherford John R, the Director of the company, purchased of 10,000 shares for $24.88 on Nov 23. It resulted in a $248,824 investment by the insider. Rutherford John R added 6,500 shares at an average price of $25.78 on Aug 04. The insider now owns 113,941 shares following the transaction. On Jun 24, Director BARTH CARIN MARCY bought 19,050 shares at $23.64 apiece. The transaction was valued at $450,304.

Valuation Metrics

Right now, Enterprise Products Partners L.P. (EPD) has a P/E ratio of about 10.78. The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 0.95, the price-to-book (PB) ratio of 2.05, and the price-to-cash flow ratio of 29.90 may also be considered.

The latest dividend of $0.4750 per share was paid out, remained unchanged from last year’s $0.4750. On Thursday July 7 2022, a $0.01 dividend increase was announced.

Financial Health

In the three months ended June 29, Enterprise Products Partners L.P.’s quick ratio stood at 0.60, while its current ratio was 0.90, 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 June 29 was 1.01, and the total debt-to-equity ratio was 1.11. On the profitability front, the trailing twelve-month gross margin is 17.50% percent. In the year ended June 29, operating margins totaled 11.70%. 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 19.60%.

In Enterprise Products Partners L.P.’s quarter-end financial report for June 29, it reported total debt of $28.14 billion. According to the earnings report, the company had a lower 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 $0.63 quarterly earnings, the actual figure was $0.64 per share, beating the consensus estimate by 1.60%. During the quarter, the company generated $2.25 billion in EBITDA. The liabilities of Enterprise Products Partners L.P. were 41.0 billion at the end of its most recent quarter ended June 29, and its total debt was $29.18 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 13.82%, the RSI 9-day stood at 46.79% on 23 November.

With respect to its five-day moving average, the current Enterprise Products Partners L.P. price is down by -0.96% percent or -$0.24. At present, EPD shares trade -1.82% below its 20-day simple moving average and +3.21% percent above its 100-day simple moving average. However, the stock is currently trading approximately -7.33% below its SMA50 and +2.78% above its SMA200.

Stochastic coefficient K was 47.51% and Stochastic coefficient D was 48.59%, while ATR was 0.43. Given the Stochastic reading of 46.41% for the 14-day period, the RSI (14) reading has been calculated as 47.29%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at -0.09.

Analyst Ratings

Enterprise Products Partners L.P. downgraded its rating on Enterprise Products Partners L.P. (NYSE: EPD) to a Hold in a note to investors on October 18, 2022. The analysts firm previously had a Buy rating on the stock.Enterprise Products Partners L.P. (EPD) has been rated Overweight by analysts. According to 0 brokerage firms, EPD is a sell, and 5 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 15 recommending it as overweight.

With a median target price of $31.00, the current consensus forecast for the stock is $28.10 – $36.00. Based on these forecasts, analysts predict Enterprise Products Partners L.P. (EPD) will achieve an average price target of $31.74.


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