Enterprise Products Partners L P [NYSE: EPD] stock went on a downward path that fall over -0.62% on Monday, amounting to a one-week price decrease of less than -0.77%. The company report on September 28, 2023 at 4:49 PM that Enterprise to Participate in Wolfe Research Utilities, Midstream & Clean Energy Conference.
Enterprise Products Partners L.P. (NYSE: EPD) announced today it will host virtual investor meetings at the Wolfe Research Utilities, Midstream & Clean Energy Conference on Friday, September 29, 2023.
The latest investor deck that may be used to facilitate the investor meetings can be accessed under the Investors tab on the Enterprise website.
Over the last 12 months, EPD stock rose by 14.09%. The one-year Enterprise Products Partners L P stock forecast points to a potential upside of 15.03. The average equity rating for EPD stock is currently 1.45, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $59.07 billion, with 2.17 billion shares outstanding and 1.42 billion shares in the current float. Compared to the average trading volume of 4.18M shares, EPD stock reached a trading volume of 8498995 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 $32.01 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 1.45. 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.
Scotiabank have made an estimate for Enterprise Products Partners L P shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on March 02, 2023.
The Average True Range (ATR) for Enterprise Products Partners L P is set at 0.30, with the Price to Sales ratio for EPD stock in the period of the last 12 months amounting to 1.14. The Price to Book ratio for the last quarter was 2.19, with the Price to Cash per share for the same quarter was set at 0.28. Price to Free Cash Flow for EPD in the course of the last twelve months was 12.66 with Quick ratio for the last quarter at 0.67.
EPD Stock Performance Analysis:
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 -0.77. With this latest performance, EPD shares gained by 2.22% in over the last four-week period, additionally plugging by 5.02% over the last 6 months – not to mention a rise of 14.09% 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 56.33, with the RSI for the last a single of trading hit 53.48, and the three-weeks RSI is set at 56.66 for Enterprise Products Partners L P [EPD]. The present Moving Average for the last 50 days of trading for this stock 26.79, while it was recorded at 27.31 for the last single week of trading, and 26.06 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 +10.74 and a Gross Margin at +11.16. Enterprise Products Partners L P’s Net Margin is presently recorded at +9.39.
Return on Total Capital for EPD is now 11.03, given the latest momentum, and Return on Invested Capital for the company is 10.14. Return on Equity for this stock inclined to 20.96, with Return on Assets sitting at 8.03. 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 107.97. Additionally, EPD Total Debt to Total Capital is recorded at 51.92, with Total Debt to Total Assets ending up at 42.20. Long-Term Debt to Equity for the company is recorded at 101.19, with the Long-Term Debt to Total Capital now at 48.66.
Reflecting on the efficiency of the workforce at the company, Enterprise Products Partners L P [EPD] managed to generate an average of $745,753 per employee. Receivables Turnover for the company is 8.29 with a Total Asset Turnover recorded at a value of 0.85.Enterprise Products Partners L P’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.67 and a Current Ratio set at 0.91.
EPD Stock EPS
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 5.40%.
Enterprise Products Partners L P [EPD] Institutonal Ownership Details
The top three institutional holders of EPD stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in EPD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in EPD stock with ownership which is approximately 5.7994%.