Enterprise Products Partners L.P. [EPD] Is Currently -0.69 below its 200 Period Moving Avg: What Dose This Mean?

Enterprise Products Partners L.P. [NYSE: EPD] traded at a low on 03/17/21, posting a -0.69 loss after which it closed the day’ session at $23.13. The company report on March 15, 2021 that Enterprise to Participate in Investor Conferences.

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Enterprise Products Partners L.P. (NYSE: EPD) announced it will host virtual investor meetings at the following conferences:.

Mizuho Energy Summit on Tuesday, March 16, 2021;.

The results of the trading session contributed to over 6803569 shares changing hands. Over the past one week, the price volatility of Enterprise Products Partners L.P. stands at 1.68% while the volatility over the past one month is 2.42%.

The market cap for EPD stock reached $50.14 billion, with 2.18 billion shares outstanding and 1.47 billion shares in the current float. Compared to the average trading volume of 8.38M shares, EPD reached a trading volume of 6803569 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $27.13 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.

Wolfe Research have made an estimate for Enterprise Products Partners L.P. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 23, 2020. The new note on the price target was released on November 13, 2020, representing the official price target for Enterprise Products Partners L.P. stock.

The Average True Range (ATR) for Enterprise Products Partners L.P. is set at 0.52, with the Price to Sales ratio for EPD stock in the period of the last 12 months amounting to 1.84. The Price to Book ratio for the last quarter was 2.08, with the Price to Cash per share for the same quarter was set at 0.49.

How has EPD stock performed recently?

Enterprise Products Partners L.P. [EPD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.52. With this latest performance, EPD shares gained by 5.52% in over the last four-week period, additionally plugging by 37.84% over the last 6 months – not to mention a rise of 77.92% 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 60.06, with the RSI for the last a single of trading hit 58.41, and the three-weeks RSI is set at 59.82 for Enterprise Products Partners L.P. [EPD]. The present Moving Average for the last 50 days of trading for this stock 21.95, while it was recorded at 23.37 for the last single week of trading, and 19.20 for the last 200 days.

Enterprise Products Partners L.P. [EPD]: Deeper insight into the 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 +18.66 and a Gross Margin at +19.07. Enterprise Products Partners L.P.’s Net Margin is presently recorded at +14.04.

Return on Total Capital for EPD is now 9.11, given the latest momentum, and Return on Invested Capital for the company is 7.21. Return on Equity for this stock inclined to 15.24, with Return on Assets sitting at 5.95. When it comes to the capital structure of this company, Enterprise Products Partners L.P. [EPD] has a Total Debt to Total Equity ratio set at 124.07. Additionally, EPD Total Debt to Total Capital is recorded at 55.37, with Total Debt to Total Assets ending up at 47.13. Long-Term Debt to Equity for the company is recorded at 118.75, with the Long-Term Debt to Total Capital now at 52.89.

Reflecting on the efficiency of the workforce at the company, Enterprise Products Partners L.P. [EPD] managed to generate an average of $525,049 per employee. Receivables Turnover for the company is 5.49 with a Total Asset Turnover recorded at a value of 0.42.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 1.10.

Earnings analysis for Enterprise Products Partners L.P. [EPD]

With the latest financial reports released by the company, Enterprise Products Partners L.P. posted 0.61/share EPS, while the average EPS was predicted by analysts to be reported at 0.52/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 17.30%. 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 8.40%.

Insider trade positions for Enterprise Products Partners L.P. [EPD]

There are presently around $16,577 million, or 31.10% of EPD stock, in the hands of institutional investors. The top three institutional holders of EPD stocks are: BLACKSTONE GROUP INC with ownership of 73,300,654, which is approximately 4.578% of the company’s market cap and around 0.30% of the total institutional ownership; HARVEST FUND ADVISORS LLC, holding 56,197,039 shares of the stock with an approximate value of $1.3 billion in EPD stocks shares; and GOLDMAN SACHS GROUP INC, currently with $870.73 million in EPD stock with ownership of nearly -9.576% of the company’s market capitalization.

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Positions in Enterprise Products Partners L.P. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 451 institutional holders increased their position in Enterprise Products Partners L.P. [NYSE:EPD] by around 43,494,068 shares. Additionally, 452 investors decreased positions by around 62,460,517 shares, while 184 investors held positions by with 610,723,612 shares. The mentioned changes placed institutional holdings at 716,678,197 shares, according to the latest SEC report filing. EPD stock had 135 new institutional investments in for a total of 11,418,707 shares, while 82 institutional investors sold positions of 4,818,311 shares during the same period.

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