Enterprise Products Partners L.P. (NYSE: EPD)’s stock price has increased by 0.28 compared to its previous closing price of 25.17. However, the company has seen a fall of -2.21% in its stock price over the last five trading days.
Is It Worth Investing in Enterprise Products Partners L.P. (NYSE: EPD) Right Now?
The price-to-earnings ratio for Enterprise Products Partners L.P. (NYSE: EPD) is 10.20x, which is above its average ratio. Moreover, the 36-month beta value for EPD is 1.05. Analysts have varying opinions on the stock, with 18 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Enterprise Products Partners L.P. (EPD) is $31.73, which is $6.53 above the current market price. The public float for EPD is 1.47B and currently, short sellers hold a 1.03% of that float. On March 17, 2023, EPD’s average trading volume was 4.70M shares.
EPD’s Market Performance
EPD’s stock has seen a -2.21% decrease for the week, with a -5.15% drop in the past month and a 3.40% gain in the past quarter. The volatility ratio for the week is 2.78%, and the volatility levels for the past 30 days are at 1.81% for Enterprise Products Partners L.P. The simple moving average for the last 20 days is -2.67% for EPD stock, with a simple moving average of -0.84% for the last 200 days.
Analysts’ Opinion of EPD
Wolfe Research, on the other hand, stated in their research note that they expect to see EPD reach a price target of $27. The rating they have provided for EPD stocks is “Outperform” according to the report published on January 09th, 2023.
Citigroup gave a rating of “Buy” to EPD, setting the target price at $31 in the report published on December 09th of the previous year.
EPD Trading at -2.10% from the 50-Day Moving Average
After a stumble in the market that brought EPD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.90% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares sank -5.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.17% upper at present.
During the last 5 trading sessions, EPD fell by -2.21%, which changed the moving average for the period of 200-days by -8.55% in comparison to the 20-day moving average, which settled at $25.86. In addition, Enterprise Products Partners L.P. saw 4.64% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EPD starting from BARTH CARIN MARCY, who purchase 5,000 shares at the price of $23.99 back on Dec 27. After this action, BARTH CARIN MARCY now owns 75,776 shares of Enterprise Products Partners L.P., valued at $119,950 using the latest closing price.
TEAGUE AJ, the Co-Chief Executive Officer of Enterprise Products Partners L.P., purchase 3,650 shares at $24.09 during a trade that took place back on Dec 27, which means that TEAGUE AJ is holding 2,337,775 shares at $87,921 based on the most recent closing price.
Stock Fundamentals for EPD
Current profitability levels for the company are sitting at:
- +10.74 for the present operating margin
- +11.16 for the gross margin
The net margin for Enterprise Products Partners L.P. stands at +9.39. Equity return is now at value 20.80, with 7.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
To wrap up, the performance of Enterprise Products Partners L.P. (EPD) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
