Enterprise Products Partners L P (NYSE: EPD)’s stock price has soared by 1.29 in relation to previous closing price of 31.09. Nevertheless, the company has seen a gain of 3.01% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-16 that The end of the U.S. election season is beginning to bring clarity to the U.S. and global economic outlook for the next year. I discuss seven major trends that should drive much of the high-yield market narrative in the coming year. I share my two favorite 7%-yielding blue-chip dividend growth stocks in light of these trends.
Is It Worth Investing in Enterprise Products Partners L P (NYSE: EPD) Right Now?
Enterprise Products Partners L P (NYSE: EPD) has a higher price-to-earnings ratio of 11.81x compared to its average ratio. EPD has 36-month beta value of 1.02. Analysts have mixed views 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 1.34% ratio of that float. The average trading volume of EPD on November 19, 2024 was 3.48M shares.
EPD’s Market Performance
EPD stock saw an increase of 3.01% in the past week, with a monthly gain of 7.92% and a quarterly increase of 8.10%. The volatility ratio for the week is 1.34%, and the volatility levels for the last 30 days are 1.14% for Enterprise Products Partners L P (EPD). The simple moving average for the past 20 days is 5.88% for EPD’s stock, with a 9.22% simple moving average for the past 200 days.
Analysts’ Opinion of EPD
Many brokerage firms have already submitted their reports for EPD stocks, with BofA Securities repeating the rating for EPD by listing it as a “Buy.” The predicted price for EPD in the upcoming period, according to BofA Securities is $35 based on the research report published on October 17, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see EPD reach a price target of $28. The rating they have provided for EPD stocks is “Neutral” according to the report published on October 06th, 2023.
EPD Trading at 6.77% 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 0.51% of gains for the given period.
Volatility was left at 1.14%, however, over the last 30 days, the volatility rate increased by 1.34%, as shares surge +8.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.23% upper at present.
During the last 5 trading sessions, EPD rose by +3.01%, which changed the moving average for the period of 200-days by +18.12% in comparison to the 20-day moving average, which settled at $29.74. In addition, Enterprise Products Partners L P saw 19.51% 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 4,180 shares at the price of $29.35 back on Aug 27 ’24. After this action, TEAGUE AJ now owns 74,911 shares of Enterprise Products Partners L P, valued at $122,681 using the latest closing price.
TEAGUE AJ, the Co-Chief Executive Officer of Enterprise Products Partners L P, purchase 2,410 shares at $26.17 during a trade that took place back on Dec 19 ’23, which means that TEAGUE AJ is holding 6,060 shares at $63,076 based on the most recent closing price.
Stock Fundamentals for EPD
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.12 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 0.11. Equity return is now at value 20.93, with 8.01 for asset returns.
Based on Enterprise Products Partners L P (EPD), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 1.13. The interest coverage ratio of the stock is 5.18.
Currently, EBITDA for the company is 9.12 billion with net debt to EBITDA at 3.13. When we switch over and look at the enterprise to sales, we see a ratio of 1.75. The receivables turnover for the company is 6.89for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To put it simply, Enterprise Products Partners L P (EPD) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
