Enterprise Products Partners L.P. [EPD] Stock trading around $21.03 per share: What’s Next?


Enterprise Products Partners L.P. [NYSE: EPD] loss -0.14% or -0.03 points to close at $21.03 with a heavy trading volume of 9763218 shares. The company report on December 7, 2021 that Enterprise to Participate in Wells Fargo Conference.

Enterprise Products Partners L.P. (NYSE: EPD) announced it will host investor meetings at the Wells Fargo Virtual Midstream, Utility & Renewables Symposium on Wednesday, December 8, 2021 and Thursday, December 9, 2021.

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The latest investor deck, which may be used to facilitate investor meetings, can be accessed under the Investors tab on the Enterprise website.

It opened the trading session at $21.31, the shares rose to $21.51 and dropped to $21.025, the range by which the price of stock traded the whole day. The daily chart for EPD points out that the company has recorded -15.20% loss over the past six months. However, it is still -9.08% lower than its most recent low trading price.

If we look at the average trading volume of 7.07M shares, EPD reached to a volume of 9763218 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $28.42 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.

Wolfe Research have made an estimate for Enterprise Products Partners L.P. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on October 19, 2021. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on September 28, 2021, representing the official price target for Enterprise Products Partners L.P. stock. Previously, the target price had yet another raise to $28, while TD Securities analysts kept a Buy rating on EPD stock.

The Average True Range (ATR) for Enterprise Products Partners L.P. is set at 0.49, with the Price to Sales ratio for EPD stock in the period of the last 12 months amounting to 1.26. The Price to Book ratio for the last quarter was 1.84, with the Price to Cash per share for the same quarter was set at 1.01. Price to Free Cash Flow for EPD in the course of the last twelve months was 28.02 with Quick ratio for the last quarter at 0.80.

Trading performance analysis for EPD stock

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 -1.68. With this latest performance, EPD shares dropped by -6.86% in over the last four-week period, additionally sinking by -15.20% over the last 6 months – not to mention a rise of 1.74% 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 33.22, with the RSI for the last a single of trading hit 29.70, and the three-weeks RSI is set at 36.45 for Enterprise Products Partners L.P. [EPD]. The present Moving Average for the last 50 days of trading for this stock 22.78, while it was recorded at 21.13 for the last single week of trading, and 23.04 for the last 200 days.

Enterprise Products Partners L.P. [EPD]: A deeper dive into fundamental analysis

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 0.80 and a Current Ratio set at 1.10.

Enterprise Products Partners L.P. [EPD]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Enterprise Products Partners L.P. posted 0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.5/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -70.00%. 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 10.20%.

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An analysis of insider ownership at Enterprise Products Partners L.P. [EPD]

There are presently around $12,373 million, or 27.50% of EPD stock, in the hands of institutional investors. The top three institutional holders of EPD stocks are: BLACKSTONE INC with ownership of 60,454,855, which is approximately -7.284% of the company’s market cap and around 0.30% of the total institutional ownership; ALPS ADVISORS INC, holding 26,548,472 shares of the stock with an approximate value of $558.31 million in EPD stocks shares; and GOLDMAN SACHS GROUP INC, currently with $541.73 million in EPD stock with ownership of nearly -16.815% of the company’s market capitalization.

Positions in Enterprise Products Partners L.P. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 481 institutional holders increased their position in Enterprise Products Partners L.P. [NYSE:EPD] by around 22,975,368 shares. Additionally, 393 investors decreased positions by around 54,785,112 shares, while 254 investors held positions by with 510,592,273 shares. The mentioned changes placed institutional holdings at 588,352,753 shares, according to the latest SEC report filing. EPD stock had 69 new institutional investments in for a total of 6,515,691 shares, while 78 institutional investors sold positions of 3,391,837 shares during the same period.