Enterprise Products Partners L.P. (NYSE:EPD) finished Wednesday with an addition of $0.09 to close at $26.47, an upside of 0.34 percent. An average of 2,622,660 shares of common stock have been traded in the last five days. There was a gain of $0.15 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 4,407,860 shares traded, while the 50-day average volume stands at 4,206,036.
EPD stock has decreased by -2.47% in the last month. The company shares reached their 1-month lowest point of $26.05 on 08/01/23. With the stock rallying to its 52-week high on 07/25/23, shares of the company touched a low of $22.90 and a high of $27.28 in 52 weeks. It has reached a new high 19 times so far this year and achieved 9.74% or $2.35 in price. In spite of this, the price is down -2.97% 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 10.74. The stock’s beta is 1.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.10, the price-to-book (PB) ratio at 2.13, and the price-to-cash flow ratio at 12.45.
The company has a payout ratio of 78.10%. The company’s most recent quarterly dividend payment was $0.50 a share, representing a up of 2.04% from $0.49 last year. Its latest increase dividend $0.01 reported on Monday July 10 2023.
Financial Health
The quick ratio of Enterprise Products Partners L.P. for the three months ended June 29 was 0.70, 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 1.02 and a total debt to equity ratio of 1.06 for the quarter ending June 29. Its gross profit as reported stood at $6.68 billion compared to revenue of $58.19 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 7.90%.
Earnings Surprise
For the three-month period that ended June 29, Enterprise Products Partners L.P. had $26.55 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.88 billion in the quarter, while revenues were grew 28.75%. The analyst consensus anticipated Enterprise Products Partners L.P.’s latest quarter earnings to come in at $0.58 per share, but it turned out to be $0.57, a -1.70% surprise. For the quarter, EBITDA amounted to $2.14 billion. Shareholders own equity worth $2.17 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 23 August was 45.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 10.88%.
As of today, EPD’s price is $26.46 +0.57% or $0.15 from its 5-day moving average. EPD is currently trading -1.78% lower than its 20-day SMA and +2.80% higher than its 100-day SMA. However, the stock’s current price level is +2.00% above the SMA50 and +6.95% above the SMA200.
The stochastic %K and %D were 30.95% and 37.31%, respectively, and the average true range (ATR) was 0.29. With the 14-day stochastic at 31.43% and the average true range at 0.29, the RSI (14) stands at 47.43%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.07.
Analyst Ratings
Scotiabank launched coverage on Enterprise Products Partners L.P. (NYSE: EPD) in its analyst report released on March 02, 2023. The firm assigned the stock a Sector outperform rating. 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 $30.00 and $36.00, 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 $32.16.
