The stock of Enterprise Products Partners L.P. (NYSE:EPD) decreased by -$0.05 on Tuesday to finish at $26.99, down -0.18 percent. The last five days have seen an average of 3,484,440 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $2.87. The average number of shares traded over the last 20 days was 3,053,450, while the average volume over the last 50 days totaled 4,007,648.
EPD stock appreciated 1.81% since last month. On 08/24/23, the company’s shares reached a one-month low of $26.24. The stock touched a high of $27.28 on 07/25/23, after rallying from a low of $22.90 in 52 weeks. The price of EPD stock has risen by 11.90% or $2.87 this year, reaching a new high 19 times. Still, the stock price is down -1.06% from the 52-week high.
Insider Transactions
EPD stock investors should be aware that Enterprise Products Partners L.P. (EPD) stock had its last reported insider trading activity 47 days ago on Aug 04. On Aug 04, Director Montgomery William C acquired 50,000 shares at $26.60 each. This transaction resulted in the insider spending $1,330,025. On Mar 20, TEAGUE AJ added 11,950 shares at a price of US$25.15. After the transaction, the insider now owns 2,491,895 shares. Co-Chief Executive Officer TEAGUE AJ had earlier bought 3,985 shares on Mar 20 for $25.15 a share. The transaction was completed for $100,223.
Valuation Metrics
Enterprise Products Partners L.P. (EPD) has a trailing price-to-earnings (P/E) ratio of 10.95. Beta for the stock is 1.03. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.13, the price-to-book (PB) ratio of 2.18, and the price-to-cash flow ratio of 12.80.
Company paid $0.50 per share in dividends, an increase of 2.04% from $0.49 last year. A $0.01 dividend increase was reported on Monday July 10 2023.
Financial Health
For the three months ended June 29, Enterprise Products Partners L.P.’s quick ratio was 0.70, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.02, and the total debt to equity ratio is 1.06. As far as profitability goes, gross margin for the trailing twelve months is 19.50% percent. Enterprise Products Partners L.P.’s EBITDA margin for the year ended June 29 was 14.25%, whereas its operating margin stood at 13.00% for the same period. Based on annual data, it had gross profit of $6.68 billion and revenue of $58.19 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EPD’s return on assets (ROA) during the last 12 months has been 7.90%. There was a 12.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.20%.
Earnings Surprise
According to Enterprise Products Partners L.P.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $28.75 billion, while revenues rose by 68.15% to $11.37 billion. It was predicted that Enterprise Products Partners L.P.’s quarterly earnings would be $0.57, but it ended up being $0.58, beating the consensus by -1.70%. EBITDA was $2.14 billion for the quarter. At the end of Enterprise Products Partners L.P.’s most recent quarter ended June 29, its liabilities totaled 39.71 billion, while its total debt was $29.05 billion. Equity owned by shareholders amounts to $2.17 billion.
Technical Picture
Here’s a quick look at Enterprise Products Partners L.P.’s (EPD) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 61.96%, suggesting the stock is Neutral, with a 8.90% historical volatility rate.
The stochastic %K and %D were 74.42% and 81.21% respectively, while the average true range (ATR) was 0.25. Based on the 14-day stochastic reading of 69.93%, the RSI (14) reading is 59.26%. On the 9-day MACD Oscillator, the stock is at 0.13, and the 14-day reading is at 0.21.
Analyst Ratings
In its analyst report released on March 02, 2023, Scotiabank began covering Enterprise Products Partners L.P. (NYSE: EPD). The stock was rated as a Sector outperform by the brokerage firm. Analysts have assigned Enterprise Products Partners L.P. (EPD) an Buy rating. EPD is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 15 others recommend it as a buy.
What is EPD’s price target for the next 12 months?
The current consensus forecast for the stock is between $30.00 and $35.00, with a median target price of $31.60. In analyzing these forecasts, the average price target given by analysts for Enterprise Products Partners L.P. (EPD) is $32.01.
