Enterprise Products Partners L P [EPD] stock is trading at $29.75, up 1.29%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EPD shares have gain 2.76% over the last week, with a monthly amount glided 7.21%, and seem to be holding up well over a long-time horizon.
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On 1, April 2024, Enterprise to Host Investor and Analyst Call. In a post published today on Yahoo Finance, Enterprise Products Partners L.P. (NYSE: EPD) announced today that it will host an investor and securities analyst call on Wednesday, April 3, 2024 at 9:00 a.m. CDT. The event will be webcast live via the internet and may be accessed along with accompanying slides on Enterprise’s website at www.enterpriseproducts.com.
From an analyst’s perspective:
On March 02, 2023, Scotiabank initiated with a Sector Outperform rating. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $27 on January 09, 2023. Citigroup initiated its recommendation with a Buy and recommended $31 as its price target on December 09, 2022. Tudor Pickering Holt & Co. downgraded its rating to Hold for this stock on October 18, 2022, but kept the price target unchanged to $29.
Enterprise Products Partners L P [EPD] stock has fluctuated between $25.19 and $29.43 over the past year. Currently, Wall Street analysts expect the stock to reach $29.78 within the next 12 months. Enterprise Products Partners L P [NYSE: EPD] shares were valued at $29.75 at the most recent close of the market. An investor can expect a potential return of 0.1% based on the average EPD price forecast.
Analyzing the EPD fundamentals
Enterprise Products Partners L P [NYSE:EPD] reported sales of 49.40B for the trailing twelve months, which represents a growth of 6.79%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.27 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of94.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 29.47 points at the first support level, and at 29.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.94, and for the 2nd resistance point, it is at 30.12.
Enterprise Products Partners L P [EPD] reported earnings per share of $0.72 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.68/share, meaning a difference of $0.04 and a surprise factor of 5.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.6 per share as compared to estimates of $0.63 per share, a difference of -$0.03 representing a surprise of -4.80%.
Ratios To Look Out For
For context, Enterprise Products Partners L P’s Current Ratio is 0.93. As well, the Quick Ratio is 0.68, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 2.33 and price to earnings (TTM) ratio is 11.81.
Transactions by insiders
Recent insider trading involved TEAGUE AJ, Co-Chief Executive Officer, that happened on Dec 19 ’23 when 2410.0 shares were purchased. Director, Rutherford John R completed a deal on Nov 09 ’23 to buy 10000.0 shares. Meanwhile, Director Montgomery William C bought 50000.0 shares on Aug 04 ’23.
