Enterprise Products Partners L.P. [EPD] Stock trading around $25.61 per share: What’s Next?


Enterprise Products Partners L.P. [NYSE: EPD] slipped around -0.3 points on Monday, while shares priced at $25.61 at the close of the session, down -1.16%. The company report on May 2, 2022 that Enterprise Reports First Quarter 2022 Earnings.

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Enterprise Products Partners L.P. (“Enterprise”) (NYSE: EPD) today announced its financial results for the three months ended March 31, 2022.

Enterprise reported net income attributable to common unitholders of $1.3 billion, or $0.59 per unit on a fully diluted basis, for the first quarter of 2022, compared to $1.3 billion, or $0.61 per unit on a fully diluted basis, for the first quarter of 2021. Net income for the first quarters of 2022 and 2021 was reduced by non-cash, asset impairment charges of approximately $14 million, or $0.01 per fully diluted unit, and $66 million, or $0.03 per fully diluted unit, respectively.

Enterprise Products Partners L.P. stock is now 16.62% up from its year-to-date (YTD) trading value. EPD Stock saw the intraday high of $26.06 and lowest of $25.04 per share. The company’s 52-week high price is 27.65, which means current price is +16.36% above from all time high which was touched on 04/21/22.

Compared to the average trading volume of 6.62M shares, EPD reached a trading volume of 8829466 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 $30.25 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.

Truist 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 May 02, 2022. The new note on the price target was released on April 04, 2022, 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 0.62, with the Price to Sales ratio for EPD stock in the period of the last 12 months amounting to 1.39. The Price to Book ratio for the last quarter was 2.20, with the Price to Cash per share for the same quarter was set at 1.27. Price to Free Cash Flow for EPD in the course of the last twelve months was 24.03 with Quick ratio for the last quarter at 0.90.

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 -1.12. With this latest performance, EPD shares dropped by -0.77% in over the last four-week period, additionally plugging by 12.92% over the last 6 months – not to mention a rise of 11.59% 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 43.41, with the RSI for the last a single of trading hit 35.78, and the three-weeks RSI is set at 48.29 for Enterprise Products Partners L.P. [EPD]. The present Moving Average for the last 50 days of trading for this stock 25.43, while it was recorded at 26.02 for the last single week of trading, and 23.40 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 +15.71 and a Gross Margin at +16.24. Enterprise Products Partners L.P.’s Net Margin is presently recorded at +11.07.

Return on Equity for this stock inclined to 18.52, with Return on Assets sitting at 6.99.

Enterprise Products Partners L.P.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.10.

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

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%.

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

There are presently around $15,277 million, or 28.20% of EPD stock, in the hands of institutional investors. The top three institutional holders of EPD stocks are: BLACKSTONE INC. with ownership of 63,188,033, which is approximately 4.521% of the company’s market cap and around 0.30% of the total institutional ownership; MARQUARD & BAHLS AG, holding 36,947,247 shares of the stock with an approximate value of $946.22 million in EPD stocks shares; and BLACKROCK INC., currently with $612.99 million in EPD stock with ownership of nearly 2.352% of the company’s market capitalization.

524 institutional holders increased their position in Enterprise Products Partners L.P. [NYSE:EPD] by around 26,032,240 shares. Additionally, 418 investors decreased positions by around 53,415,085 shares, while 257 investors held positions by with 517,059,889 shares. The mentioned changes placed institutional holdings at 596,507,214 shares, according to the latest SEC report filing. EPD stock had 126 new institutional investments in for a total of 6,441,581 shares, while 76 institutional investors sold positions of 8,774,515 shares during the same period.