Enterprise Products Partners L.P. (NYSE:EPD) does about 5.53M shares in volume on a normal day but saw 7184311 shares change hands in Monday trading. The company now has a market cap of 56.23B USD. Its current market price is $26.10, marking an increase of 1.40% compared to the previous close of $25.74. The 52 week high reached by this stock is $28.65 whilst the lowest price level in 52 weeks is $22.75. The script in recent trading has seen the stock touch a high of $26.22 and a low of $25.89.
Enterprise Products Partners L.P. (EPD) has a 20-day trading average at $24.88 and the current price is -8.90% off the 52-week high compared with 14.73% distance from its 52-week low. The 50-day simple moving average of the closing price is $24.62 and its 200-day simple moving average is $25.54. If we look at the stock’s price movements over the week, volatility stands at 1.66%, which decreases to 1.59% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 68.87 to suggest the stock is neutral.
24 analysts observing the Enterprise Products Partners L.P. (EPD) stock have set the 12-month price targets for the company’s shares at between $27.00 and $36.00. The consensus objective for the share price is $31.48, suggesting that the stock has a potential upside of 17.09% over the period. The median price target is 15.81% away from the current levels at $31.00.
FactSet Research has provided data showing that 24 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 4 advise that it is a overweight. 16 analysts have rated it as a buy and 4 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 09, 2023 when Wolfe Research upgraded the stock to “Outperform” and issued a price target of $27. Tudor Pickering Holt & Co. downgraded its price target at $29.
The current price level is 5.44%, 6.12%, and 2.18% away from its SMA20, SMA50, and SMA200 respectively, with the EPD price moving above the 50-day SMA on January 23. Enterprise Products Partners L.P. (EPD) stock is up 1.36% over the week and 11.59% over the past month. Its price is 8.21% year-to-date and 8.57% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of $0.64 above consensus estimates by $0.01. The company’s next earnings report is expected on 05/01/2023, with forecasts estimating quarterly EPS at $0.62 and $2.49 for whole year. EPD’s earnings per share are forecast to grow by 18.60% this year and 3.60% over next year. Expected sales for next quarter are $14.82 billion, which analysts say will come at $55.27 billion for the current fiscal year and next year at $57.27 billion. In addition, estimates put the company’s current quarterly revenue at an average of $14.22 billion.
Its 12-month price target is $31.00. To reach the target analysts have set, the stock logically needs to grow 17.09 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $27.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $36.00.
Outstanding shares total 2.18B with insiders holding 32.63% of the shares and institutional holders owning 27.58% of the company’s common stock. The company has a return on investment of 11.00% and return on equity of 19.60%. The price to earnings ratio (P/E ratio) amounts to 11.36 while the forward price to earnings ratio is 10.19. The beta has a value of 1.07. Price to book ratio is 2.16 and price to sales ratio is 1.01.
According to a U.S. Securities and Exchange Commission filing, Alerian MLP ETF has reduced its position in Enterprise Products Partners L.P. (EPD) to 27,145,797 shares, mirroring a recent drop by -0.25%. Alerian MLP ETF dumped 66742.0 shares of Enterprise Products Partners L.P. common stock bringing its total worth to about $654.76 million at the end of recent close, SEC documents show. Alerian MLP ETF isn’t the only investment manager who changed stakes and is followed by BlackRock Equity Dividend Fund, which sold off -0.62 million shares to end up with 17,423,976 shares worth $420.27 million. American Century Cap Port Inc cut their holdings by -6.99% in the company over the course of the most recent quarter. It now holds a 0.37% position in Enterprise Products Partners L.P. thanks to 8.0 million shares amounting to $192.92 million.