Enterprise Products Partners L.P. [EPD] stock Resumed by Truist analyst, price target now $27

Enterprise Products Partners L.P. [NYSE: EPD] surged by $0.43 during the normal trading session on Thursday and reaching a high of $27.025 during the day while it closed the day at $26.84. The company report on August 3, 2022 that Enterprise Announces Three Expansions in the Permian Basin.


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Enterprise Products Partners L.P. (NYSE: EPD) today announced three organic growth projects to expand its footprint in the Permian Basin to support ongoing production growth in the basin. The projects include the addition of two natural gas processing plants and the expansion of the company’s natural gas liquid (“NGL”) pipeline system.

In the Delaware Basin, Enterprise will add a third plant at its Mentone cryogenic natural gas processing plant in Loving County, Texas. The project will increase nameplate capacity at Mentone by 300 million cubic feet per day (“MMcf/d”) and allow Enterprise to extract an incremental 40,000 barrels per day (“BPD”) of NGL. The expansion is supported by long-term capacity agreements and is expected to begin service at the end of the first quarter of 2024. Upon completion, Enterprise will have a total nameplate natural gas processing capacity in the Delaware Basin of 2.2 billion cubic feet per day (“Bcf/d”) and more than 300,000 BPD of NGL extraction capabilities.

Enterprise Products Partners L.P. stock has also gained 4.35% of its value over the past 7 days. However, EPD stock has inclined by 3.67% in the 3 months of the year. Over the past six months meanwhile, it has gained 10.36% and gained 22.22% year-on date.

The market cap for EPD stock reached $58.57 billion, with 2.18 billion shares outstanding and 1.47 billion shares in the current float. Compared to the average trading volume of 6.62M shares, EPD reached a trading volume of 4762452 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 $31.42 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 1.80. 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 0.59, with the Price to Sales ratio for EPD stock in the period of the last 12 months amounting to 1.31. The Price to Book ratio for the last quarter was 2.29, with the Price to Cash per share for the same quarter was set at 0.11. Price to Free Cash Flow for EPD in the course of the last twelve months was 24.83 with Quick ratio for the last quarter at 0.70.

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 4.35. With this latest performance, EPD shares gained by 8.97% in over the last four-week period, additionally plugging by 10.36% over the last 6 months – not to mention a rise of 18.45% 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 63.38, with the RSI for the last a single of trading hit 69.04, and the three-weeks RSI is set at 59.35 for Enterprise Products Partners L.P. [EPD]. The present Moving Average for the last 50 days of trading for this stock 25.69, while it was recorded at 26.20 for the last single week of trading, and 24.54 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 +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 0.70 and a Current Ratio set at 0.80.

Earnings per share (EPS) analysis for Enterprise Products Partners L.P. [EPD] stock

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%.

Enterprise Products Partners L.P. [EPD]: Insider Ownership positions

There are presently around $15,764 million, or 27.60% of EPD stock, in the hands of institutional investors. The top three institutional holders of EPD stocks are: BLACKSTONE INC. with ownership of 57,655,387, which is approximately -8.756% 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 $991.66 million in EPD stocks shares; and ALPS ADVISORS INC, currently with $674.1 million in EPD stock with ownership of nearly -4.382% of the company’s market capitalization.

Positions in Enterprise Products Partners L.P. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 511 institutional holders increased their position in Enterprise Products Partners L.P. [NYSE:EPD] by around 31,039,688 shares. Additionally, 392 investors decreased positions by around 44,682,634 shares, while 315 investors held positions by with 511,601,860 shares. The mentioned changes placed institutional holdings at 587,324,182 shares, according to the latest SEC report filing. EPD stock had 82 new institutional investments in for a total of 4,834,001 shares, while 63 institutional investors sold positions of 8,067,740 shares during the same period.

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