Enterprise Products Partners L.P. (NYSE:EPD) saw an upside of 1.40% to close Monday at $26.10 after adding $0.36 on the day. The 5-day average trading volume is 5,079,740 shares of the company’s common stock. It has gained $26.22 in the past week and touched a new high 2 times within the past 5 days. An average of 4,591,620 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,383,792.
EPD’s 1-month performance is 11.59% or $2.15 on its low of $23.67 reached on 12/28/22. The company’s shares have touched a 52-week low of $22.75 and high of $28.65, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, EPD has achieved 8.21% or $1.98 and has reached a new high 10 times. However, the current price is down -8.90% from the 52-week high price.
EPD stock has a beta of 1.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.01 while the price-to-book (PB) in the most recent quarter is 2.16, with the price to cash flow ratio at 31.67.
Enterprise Products Partners L.P.’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.90. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.01, while the total debt to equity was 1.11. In terms of profitability, the gross margin trailing 12 months is 17.50%. The firm’s gross profit as reported stood at $5.73 billion against revenue of $40.81 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -2.35% to $1.03 billion, while revenue of $1.15 billion was -12.12% off the previous quarter. Analysts expected EPD to announce $0.63 per share in earnings in its latest quarter, but it posted $0.64, representing a 1.60% surprise. EBITDA for the quarter stood at more than $2.25 billion. EPD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 41.0 billion, with total debt at $29.18 billion. Shareholders hold equity totaling $2.18 billion.
Let’s look briefly at Enterprise Products Partners L.P. (EPD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 73.19% to suggest the stock is trending Overbought, with historical volatility in this time period at 14.54%.
The stock’s 5-day moving average is $25.60, reflecting a +1.36% or $0.35 change from its current price. EPD is currently trading +10.83% above its 20-day SMA, -3.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.32% and SMA200 by+0.31%.
Stochastic %K and %D was 88.88% and 81.50% and the average true range (ATR) pointed at 0.44. The RSI (14) points at 68.87%, while the 14-day stochastic is at 94.52% with the period’s ATR at 0.43. The stock’s 9-day MACD Oscillator is pointing at 0.18 and 0.50 on the 14-day charts.
In the most recent analyst report for Enterprise Products Partners L.P. (NYSE: EPD), Wolfe Research upgraded it to an Outperform rating. They previously had a Peer perform rating on the stock. Analysts offering their rating for EPD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate EPD as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 16 have offered a “buy” rating.
What is EPD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $27.00 and a high of $36.00, with their median price target at $31.00. Looking at these predictions, the average price target given by analysts is for Enterprise Products Partners L.P. (EPD) stock is $31.51.