The stock of Enterprise Products Partners L P (EPD) has gone up by 1.77% for the week, with a 6.99% rise in the past month and a 12.06% rise in the past quarter. The volatility ratio for the week is 0.84%, and the volatility levels for the past 30 days are 1.11% for EPD. The simple moving average for the past 20 days is 2.96% for EPD’s stock, with a 9.21% simple moving average for the past 200 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 11.66x, which is above its average ratio. Moreover, the 36-month beta value for EPD is 0.99. Analysts have varying opinions on the stock, with 11 analysts rating it as a “buy,” 11 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for EPD is 1.43B and currently, short sellers hold a 1.22% of that float. On April 02, 2024, EPD’s average trading volume was 4.91M shares.
EPD) stock’s latest price update
Enterprise Products Partners L P (NYSE: EPD) has seen a rise in its stock price by 0.65 in relation to its previous close of 29.18. However, the company has experienced a 1.77% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-01 that MLP stocks have performed well, with the InfraCap MLP ETF returning over 19% this year. Enterprise Products Partners (EPD), one of the ETF’s top holdings, offers a low valuation, high yield, and technical strength. EPD has robust fundamentals, including solid earnings and revenue growth, and is expected to continue generating high free cash flow.
Analysts’ Opinion of EPD
Many brokerage firms have already submitted their reports for EPD stocks, with Goldman repeating the rating for EPD by listing it as a “Neutral.” The predicted price for EPD in the upcoming period, according to Goldman is $28 based on the research report published on October 06, 2023 of the previous year 2023.
EPD Trading at 6.41% 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 able to rebound, for now settling with 0.38% of gains for the given period.
Volatility was left at 1.11%, however, over the last 30 days, the volatility rate increased by 0.84%, as shares surge +5.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.96% upper at present.
During the last 5 trading sessions, EPD rose by +1.77%, which changed the moving average for the period of 200-days by +12.57% in comparison to the 20-day moving average, which settled at $28.61. In addition, Enterprise Products Partners L P saw 11.46% 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 TEAGUE AJ, who purchase 2,410 shares at the price of $26.17 back on Dec 19 ’23. After this action, TEAGUE AJ now owns 6,060 shares of Enterprise Products Partners L P, valued at $63,076 using the latest closing price.
Rutherford John R, the Director of Enterprise Products Partners L P, purchase 10,000 shares at $25.96 during a trade that took place back on Nov 09 ’23, which means that Rutherford John R is holding 137,423 shares at $259,639 based on the most recent closing price.
Stock Fundamentals for EPD
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.13 for the gross margin
The net margin for Enterprise Products Partners L P stands at 0.11. The total capital return value is set at 0.12. Equity return is now at value 20.24, with 7.90 for asset returns.
Based on Enterprise Products Partners L P (EPD), the company’s capital structure generated 0.99 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 94.69. The interest coverage ratio of the stock is 5.37.
Currently, EBITDA for the company is 8.81 billion with net debt to EBITDA at 3.88. When we switch over and look at the enterprise to sales, we see a ratio of 1.86. The receivables turnover for the company is 6.4for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
To wrap up, the performance of Enterprise Products Partners L P (EPD) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
