Enterprise Products Partners L.P. [NYSE: EPD] surged by $0.79 during the normal trading session on Wednesday and reaching a high of $26.5953 during the day while it closed the day at $26.50. Enterprise Products Partners L.P. stock has also gained 0.65% of its value over the past 7 days. However, EPD stock has inclined by 1.73% in the 3 months of the year. Over the past six months meanwhile, it has lost -6.69% and lost -5.89% year-on date.
The market cap for EPD stock reached $58.47 billion, with 2.21 billion shares outstanding and 1.49 billion shares in the current float. Compared to the average trading volume of 5.78M shares, EPD reached a trading volume of 5071077 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Enterprise Products Partners L.P. [EPD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EPD shares is $34.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EPD stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Enterprise Products Partners L.P. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 06, 2020. While these analysts kept the previous recommendation, Piper Jaffray raised their target price to Overweight. The new note on the price target was released on July 17, 2019, representing the official price target for Enterprise Products Partners L.P. stock. On April 03, 2019, analysts increased their price target for EPD shares from 30 to 32.
The Average True Range (ATR) for Enterprise Products Partners L.P. is set at 0.57, with the Price to Sales ratio for EPD stock in the period of the last 12 months amounting to 1.72. The Price to Book ratio for the last quarter was 2.37, with the Price to Cash per share for the same quarter was set at 0.55.
EPD stock trade performance evaluation
Enterprise Products Partners L.P. [EPD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.65. With this latest performance, EPD shares dropped by -8.40% in over the last four-week period, additionally sinking by -6.69% over the last 6 months – not to mention a drop of -4.74% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EPD stock in for the last two-week period is set at 45.16, with the RSI for the last a single of trading hit 49.57, and the three-weeks RSI is set at 45.51 for Enterprise Products Partners L.P. [EPD]. The present Moving Average for the last 50 days of trading for this stock 27.46, while it was recorded at 25.80 for the last single week of trading, and 28.12 for the last 200 days.
Enterprise Products Partners L.P. [EPD]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Enterprise Products Partners L.P. [EPD] shares currently have an operating margin of +16.82 and a Gross Margin at +17.47. Enterprise Products Partners L.P.’s Net Margin is presently recorded at +14.00.
Enterprise Products Partners L.P.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.90.
Earnings per share (EPS) analysis for Enterprise Products Partners L.P. [EPD] stock
With the latest financial reports released by the company, Enterprise Products Partners L.P. posted 0.57/share EPS, while the average EPS was predicted by analysts to be reported at 0.48/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 18.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EPD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Enterprise Products Partners L.P. go to 7.96%.
Enterprise Products Partners L.P. [EPD]: Insider Ownership positions
There are presently around $21,119 million, or 38.30% of EPD stock, in the hands of institutional investors. The top three institutional holders of EPD stocks are: GOLDMAN SACHS GROUP INC with ownership of 51,702,586, which is approximately -3.793% of the company’s market cap and around 0.10% of the total institutional ownership; HARVEST FUND ADVISORS LLC, holding 51,228,088 shares of the stock with an approximate value of $1.32 billion in EPD stocks shares; and TORTOISE CAPITAL ADVISORS, L.L.C., currently with $1.23 billion in EPD stock with ownership of nearly 14.529% of the company’s market capitalization.
Positions in Enterprise Products Partners L.P. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 449 institutional holders increased their position in Enterprise Products Partners L.P. [NYSE:EPD] by around 65,198,909 shares. Additionally, 441 investors decreased positions by around 55,151,596 shares, while 263 investors held positions by with 701,067,825 shares. The mentioned changes placed institutional holdings at 821,418,330 shares, according to the latest SEC report filing. EPD stock had 107 new institutional investments in for a total of 9,193,507 shares, while 64 institutional investors sold positions of 16,127,106 shares during the same period.