Enterprise Products Partners L P (EPD) Shares on the Rise: Short-term Analysis

Enterprise Products Partners L P [EPD] stock is trading at $30.81, up 1.38%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EPD shares have gain 1.85% over the last week, with a monthly amount glided 5.55%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

On October 03, 2023, Pickering Energy Partners initiated with a Outperform rating. Scotiabank started tracking the stock assigning a Sector Outperform rating. Wolfe Research upgraded its rating to a Outperform but $27 remained the price target by the analyst firm on January 09, 2023. Citigroup started tracking with a Buy rating for this stock on December 09, 2022, and assigned it a price target of $31. In a note dated October 18, 2022, Tudor Pickering Holt & Co. downgraded an Hold rating on this stock but restated the target price of $29.

Enterprise Products Partners L P [EPD] stock has fluctuated between $25.95 and $30.68 over the past year. Currently, Wall Street analysts expect the stock to reach $31.36 within the next 12 months. Enterprise Products Partners L P [NYSE: EPD] shares were valued at $30.81 at the most recent close of the market. An investor can expect a potential return of 1.79% based on the average EPD price forecast.

Analyzing the EPD fundamentals

Enterprise Products Partners L P [NYSE:EPD] reported sales of 56.11B for the trailing twelve months, which represents a growth of 13.51%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.28 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.13.

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 30.48 points at the first support level, and at 30.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.06, and for the 2nd resistance point, it is at 31.30.

Ratios To Look Out For

For context, Enterprise Products Partners L P’s Current Ratio is 1.07. Also, the Quick Ratio is 0.83, while the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 2.36 and price to earnings (TTM) ratio is 11.56.

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.

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