Enterprise Products Partners L.P. [EPD] shares are down more than -36.40% this year and recently increased 0.02% or $0.38 to settle at $17.49. Analysts expect EPD to shrink earnings at a -3.68% annual rate over the next 5 years. EPD has a short ratio of 4.10. This implies that the market is currently less bullish on the outlook for EPD.

On 7, October 2020, Enterprise Declares Quarterly Distribution. According to news published on Yahoo Finance, Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to limited partners holding Enterprise common units with respect to the third quarter of 2020 of $0.445 per unit, or $1.78 per unit on an annualized basis.

Analyst Birdseye View:

The most recent analyst activity for Enterprise Products Partners L.P. [NYSE:EPD] stock was on April 13, 2020, when it was Downgrade with a Peer perform rating from Wolfe Research. Before that, on July 09, 2020, Piper Sandler Recapitulated an Overweight rating and elevated its amount target to $22. On March 09, 2020, Piper Sandler Downgrade a Neutral rating and plunged its price target on this stock from $32 to $24. On January 06, 2020, Morgan Stanley Initiated an Overweight rating and increased its price target to $32. On July 17, 2019, Piper Jaffray Initiated an Overweight rating and increased its price target to $37. On May 30, 2019, Johnson Rice Initiated a Buy rating. On April 03, 2019, Goldman Upgrade a Buy rating and boosted its target amount on this stock from $30 to $32.

In the past 52 weeks of trading, this stock has oscillated between a low of $10.27 and a peak of $29.22. Right now, the middling Wall Street analyst 12-month amount mark is $24.00. At the most recent market close, shares of Enterprise Products Partners L.P. [NYSE:EPD] were valued at $17.49. According to the average price forecast, investors can expect a potential return of -3.04%.

FUNDAMENTAL ANALYSIS

Enterprise Products Partners L.P. [NYSE:EPD] most recently reported quarterly sales of 5.43 billion, which represented growth of -30.50%. This publicly-traded organization’s revenue is $4,455,548 per employee, while its income is $625,151 per employee. This company’s Gross Margin is currently 29.60%, its Operating Margin is 20.00%, its Pretax Margin is +14.55, and its Net Margin is +14.03. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 7.69, 18.77, 10.38 and 9.21 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 52.92 and the whole liability to whole assets at 45.09. It shows enduring liability to the whole principal at 49.08 and enduring liability to assets at 0.42 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 16.96 points at 1st support level, the second support level is making up to 16.43. But as of 1st resistance point, this stock is sitting at 17.78 and at 18.07 for 2nd resistance point.

Enterprise Products Partners L.P. [EPD] reported its earnings at $0.47 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.48/share signifying the difference of -0.01 and -2.10% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.61 calling estimates for $0.52/share with the difference of 0.09 depicting the surprise of 17.30%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Enterprise Products Partners L.P. [NYSE:EPD] is 1.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.06. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.91, it’s amount to book ratio is 2.49 and showing 8.60 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by WILLIAMS RANDA DUNCAN, Director, and it was the purchase of 15000.0 shares on Sep 30. TEAGUE AJ, the Co-Chief Executive Officer, completed a purchase of 10000.0 shares on Sep 08. On Aug 26, Bacon Graham W., Executive Vice President & COO, completed a purchase of 10000.0 shares.