Enterprise Products Partners L.P. [NYSE: EPD] stock went on a downward path that fall over -0.22% on Monday, amounting to a one-week price increase of more than 1.09%. The company report on May 3, 2021 that Enterprise Reports First Quarter 2021 Earnings.
Enterprise Products Partners L.P. (“Enterprise”) (NYSE: EPD) announced its financial results for the three months ended March 31, 2021.
Enterprise reported net income attributable to common unitholders of $1.3 billion, or $0.61 per unit on a fully diluted basis, for the first quarter of 2021, compared to $1.4 billion, or $0.61 per unit on a fully diluted basis, for the first quarter of 2020. Net income for the first quarter of 2021 was reduced by non-cash, asset impairment charges of approximately $66 million, or $0.03 per fully diluted unit. The impairment charges include $43 million related to our coal bed natural gas gathering system and Val Verde treating facility in the San Juan Basin that was held-for-sale at March 31, 2021. Net income for the first quarter of 2020 included an aggregate $187 million, or $0.08 per fully diluted unit, of deferred income tax benefits associated with the settlement of the Liquidity Option Agreement on March 5, 2020, and the subsequent accounting for the related deferred tax liability.
Over the last 12 months, EPD stock rose by 30.34%. The one-year Enterprise Products Partners L.P. stock forecast points to a potential upside of 16.76. The average equity rating for EPD stock is currently 1.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $50.66 billion, with 2.18 billion shares outstanding and 1.47 billion shares in the current float. Compared to the average trading volume of 6.47M shares, EPD stock reached a trading volume of 9324698 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $27.87 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 1.70. 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.
TD Securities have made an estimate for Enterprise Products Partners L.P. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 06, 2021. The new note on the price target was released on November 23, 2020, representing the official price target for Enterprise Products Partners L.P. stock. Previously, the target price had yet another raise to $24, while Evercore ISI analysts kept a Outperform rating on EPD stock.
The Average True Range (ATR) for Enterprise Products Partners L.P. is set at 0.40, with the Price to Sales ratio for EPD stock in the period of the last 12 months amounting to 1.75. 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.
EPD Stock Performance Analysis:
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 1.09. With this latest performance, EPD shares gained by 1.40% in over the last four-week period, additionally plugging by 35.75% over the last 6 months – not to mention a rise of 30.34% 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 53.82, with the RSI for the last a single of trading hit 52.59, and the three-weeks RSI is set at 54.37 for Enterprise Products Partners L.P. [EPD]. The present Moving Average for the last 50 days of trading for this stock 22.91, while it was recorded at 23.24 for the last single week of trading, and 19.96 for the last 200 days.
Insight into Enterprise Products Partners L.P. 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.
EPD Stock EPS
With the latest financial reports released by the company, Enterprise Products Partners L.P. posted 0.47/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 fail the estimates by a Surprise Factor of -2.10%. 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%.
Enterprise Products Partners L.P. [EPD] Insider Position Details
There are presently around $15,271 million, or 31.00% 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; GOLDMAN SACHS GROUP INC, holding 37,645,004 shares of the stock with an approximate value of $875.25 million in EPD stocks shares; and ALPS ADVISORS INC, currently with $618.16 million in EPD stock with ownership of nearly 8.623% of the company’s market capitalization.
Positions in Enterprise Products Partners L.P. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 462 institutional holders increased their position in Enterprise Products Partners L.P. [NYSE:EPD] by around 41,371,856 shares. Additionally, 420 investors decreased positions by around 55,993,728 shares, while 197 investors held positions by with 559,456,499 shares. The mentioned changes placed institutional holdings at 656,822,083 shares, according to the latest SEC report filing. EPD stock had 115 new institutional investments in for a total of 10,515,906 shares, while 68 institutional investors sold positions of 4,536,493 shares during the same period.