Enterprise Products Partners L P (NYSE:EPD) saw a downside of -0.73% to close Tuesday at $27.21 after subtracting -$0.2 on the day. The 5-day average trading volume is 6,844,780 shares of the company’s common stock. It has gained $27.77 in the past week and touched a new high 3 times within the past 5 days. An average of 4,072,800 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,199,224.
EPD’s 1-month performance is 3.38% or $0.89 on its low of $26.39 reached on 08/28/23. The company’s shares have touched a 52-week low of $22.90 and high of $27.77, with the stock’s rally to the 52-week high happening on 09/22/23. YTD, EPD has achieved 12.81% or $3.09 and has reached a new high 22 times. However, the current price is down -2.02% from the 52-week high price.
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Valuation Metrics
EPD stock has a beta of 1.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.14 while the price-to-book (PB) in the most recent quarter is 2.19, with the price to cash flow ratio at 12.66.
Enterprise Products Partners L P’s quick ratio for the recent period was 0.67, with the current ratio over the same period at 0.91.. In terms of profitability, the gross margin trailing 12 months is 11.88%. The trailing 12-month EBITDA margin is 14.25%. The firm’s gross profit as reported stood at $6.68 billion against revenue of $58.19 billion.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 28.75% to $1.88 billion, while revenue of $1.03 billion was 45.34% off the previous quarter. EBITDA for the quarter stood at more than $2.14 billion. EPD stock balance sheet for the recent quarter shows that total liabilities totaled 39.71 billion, with total debt at $29.05 billion. Shareholders hold equity totaling $2.17 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 26 September was 60.72% to suggest the stock is trending Neutral, with historical volatility in this time period at 8.56%.
The stock’s 5-day moving average is $27.29, reflecting a +0.82% or $0.22 change from its current price. EPD is currently trading +2.56% above its 20-day SMA, +6.21% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.99% and SMA200 by+14.04%.
Stochastic %K and %D was 65.30% and 72.27% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 60.41%, while the 14-day stochastic is at 53.72% with the period’s ATR at 0.30. The stock’s 9-day MACD Oscillator is pointing at 0.16 and 0.31 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Enterprise Products Partners L P (NYSE: EPD), Scotiabank launched coverage with a Sector outperform rating.
