Enterprise Products Partners L.P. News: Why EPD Stock Is Trending Lower Today

Enterprise Products Partners L.P. [EPD] has traded in a range of $10.27 to $29.22 in the last 1 year. As of this writing, the stock is at $20.67, down -0.43%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, EPD shares are 6.55% up with the monthly amount drift of 20.95% and seems well in a long time frame.

On 7, December 2020, Enterprise Products Partners L.P. to Participate in Wells Fargo Virtual Midstream and Utility Symposium. According to news published on Yahoo Finance, Enterprise Products Partners L.P. (NYSE: EPD) announced today that it will participate in a Fireside Chat and host virtual investor meetings at the Wells Fargo Virtual Midstream and Utility Symposium Tuesday, December 8 and Wednesday, December 9, 2020. The Fireside Chat is scheduled for Tuesday, December 8 at 10:40 a.m. ET. A live webcast of the Fireside Chat will be available and may be accessed via Enterprise’s website at www.enterpriseproducts.com.

Analyst Birdseye View:

The most recent analyst activity for Enterprise Products Partners L.P. [NYSE:EPD] stock was on November 13, 2020, when it was Upgrade with an Outperform rating from Evercore ISI, which also raised its 12-month price target on the stock to $24. Before that, on November 23, 2020, Wolfe Research Recapitulated an Outperform rating and elevated its amount target to $22. On October 21, 2020, CapitalOne Initiated an Overweight rating. On July 09, 2020, Piper Sandler Upgrade an Overweight rating and increased its price target to $22. On April 13, 2020, Wolfe Research Downgrade a Peer perform rating. On March 09, 2020, Piper Sandler Downgrade a Neutral rating and boosted its amount target on this stock to $24. On January 06, 2020, Morgan Stanley Initiated an Overweight rating and boosted its target amount on this stock to $32. On July 17, 2019 Piper Jaffray Initiated an Overweight rating and elevated its amount target to $37.

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 $25.00. At the most recent market close, shares of Enterprise Products Partners L.P. [NYSE:EPD] were valued at $20.67. According to the average price forecast, investors can expect a potential return of 1.0%.

FUNDAMENTAL ANALYSIS

Enterprise Products Partners L.P. [NYSE:EPD] most recently reported quarterly sales of 6.92 billion, which represented growth of -13.10%. 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 30.40%, its Operating Margin is 20.40%, 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 20.40 points at 1st support level, the second support level is making up to 20.12. But as of 1st resistance point, this stock is sitting at 20.97 and at 21.26 for 2nd resistance point.

Enterprise Products Partners L.P. [EPD] reported its earnings at $0.48 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.48/share signifying the difference of 0 and 0.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.47 calling estimates for $0.48/share with the difference of -0.01 depicting the surprise of -2.10%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Enterprise Products Partners L.P. [NYSE:EPD] is 1.10. 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 10.09 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by TEAGUE AJ, Co-Chief Executive Officer, and it was the purchase of 5025.0 shares on Dec 03. Rutherford John R, the Director, completed a purchase of 4000.0 shares on Nov 18. On Nov 16, TEAGUE AJ, Co-Chief Executive Officer, completed a purchase of 1880.0 shares.