This is What Makes Enterprise Products Partners L P Stocks A Gamechanger?

Enterprise Products Partners L P [EPD] stock prices are up 0.58% to $29.64 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EPD shares have gain 2.63% over the last week, with a monthly amount glided 2.07%, and seem to be holding up well over a long-time horizon.

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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.

The stock price of Enterprise Products Partners L P [EPD] has been fluctuating between $25.61 and $30.05 over the past year. Currently, Wall Street analysts expect the stock to reach $30.5 within the next 12 months. Enterprise Products Partners L P [NYSE: EPD] shares were valued at $29.64 at the most recent close of the market. An investor can expect a potential return of 2.9% based on the average EPD price forecast.

Analyzing the EPD fundamentals

The Enterprise Products Partners L P [NYSE:EPD] reported sales of 54.48B for trailing twelve months, representing a surge of 26.09%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.12%, 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 0.28 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.09.

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 29.42 points at the first support level, and at 29.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.81, and for the 2nd resistance point, it is at 29.98.

Ratios To Look Out For

It’s worth pointing out that Enterprise Products Partners L P [NYSE:EPD]’s Current Ratio is 0.91. Further, the Quick Ratio stands at 0.68, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 1.18, the price to book ratio is 2.30 and price to earnings (TTM) ratio is 11.31.

Transactions by insiders

Recent insider trading involved TEAGUE AJ, CO-CHIEF EXECUTIVE OFFICER, that happened on Aug 27 ’24 when 4180.0 shares were purchased. Co-Chief Executive Officer, TEAGUE AJ completed a deal on Dec 19 ’23 to buy 2410.0 shares. Meanwhile, Director Rutherford John R bought 10000.0 shares on Nov 09 ’23.

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