Enterprise Products Partners L P (NYSE: EPD)’s stock price has gone decline by -0.28 in comparison to its previous close of 28.56, however, the company has experienced a -4.88% decrease in its stock price over the last five trading days. fool.com reported 2024-08-04 that These great sources of passive income include a business development company, three midstream energy leaders, a telecom giant, a renewable energy provider, and a big drugmaker. They offer dividend yields of between 5.5% and 9.2%.
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 above average at 10.87x, Company’s 36-month beta value is 1.01.Analysts have differing opinions on the stock, with 11 analysts rating it as a “buy,” 11 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for EPD is 1.45B, and currently, short sellers hold a 0.92% ratio of that floaft. The average trading volume of EPD on August 05, 2024 was 3.77M shares.
EPD’s Market Performance
The stock of Enterprise Products Partners L P (EPD) has seen a -4.88% decrease in the past week, with a -2.00% drop in the past month, and a 1.53% gain in the past quarter. The volatility ratio for the week is 2.06%, and the volatility levels for the past 30 days are at 1.29% for EPD. The simple moving average for the past 20 days is -3.41% for EPD’s stock, with a 2.36% simple moving average for the past 200 days.
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 -1.49% 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 -5.22% of loss for the given period.
Volatility was left at 1.29%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares sank -1.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.70% lower at present.
During the last 5 trading sessions, EPD fell by -4.88%, which changed the moving average for the period of 200-days by +3.08% in comparison to the 20-day moving average, which settled at $29.46. In addition, Enterprise Products Partners L P saw 8.08% 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:
- 0.13 for the present operating margin
- 0.13 for the gross margin
The net margin for Enterprise Products Partners L P stands at 0.1. The total capital return value is set at 0.12. Equity return is now at value 20.42, with 8.02 for asset returns.
Based on Enterprise Products Partners L P (EPD), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 1.07. The interest coverage ratio of the stock is 10.53.
Currently, EBITDA for the company is 8.81 billion with net debt to EBITDA at 3.38. When we switch over and look at the enterprise to sales, we see a ratio of 1.67. The receivables turnover for the company is 7.21for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
In a nutshell, Enterprise Products Partners L P (EPD) has experienced a mixed performance in recent times. The stock has received mixed “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.
