Enterprise Products Partners L.P. (NYSE:EPD) traded at $22.99 at last check on Monday, May 03, made a downturn move of -0.09% on its previous day’s price.
Looking at the stock we see that its previous close was $23.01 and the beta (5Y monthly) reads 1.37 with the day’s price range being $22.86 – 23.29. The company has a trailing 12-month PE ratio of 13.5. In terms of its 52-week price range, EPD has a high of $23.71 and a low of $14.9. The company’s stock has gained about 4.5% over that past 30 days.
Enterprise Products Partners L.P. has a market cap of $51.07 Billion and is expected to release its quarterly earnings report on May 03, 2021. With its Forward Dividend at 1.8 and a yield of 7.82%, the company’s investors could be anxious for the EPD stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.48, with the EPS growth for the year raised at $2 for 2021 and $2.07 for next year. These figures represent 0.17% and 0.04% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $7.07 Billion, with a low of $6.88 Billion and a high of $7.36 Billion. The median projection represents growth adding up to -5.5% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $30.03 Billion, or +10.4% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the EPD stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 26 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Enterprise Products Partners L.P. (EPD) stock as a Hold, while 23 rate it as a Buy. 3 analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the EPD stock currently stands at 1.61, and the most recent price level today is -0.08% off its SMA20 and 1.15% from its 50-day simple moving average. The RSI (14) is pointing at 50.72 while the volatility over the past week is 1.52% and drops to 1.48% over the past one month. The beta value is 1.37, while the average true range (ATR) is currently pointing at 0.4. The average price target for the stock over the next 12 months is $27.71, with the estimates having a low of $25 and a high of $33. These price ends are 8.74% and +43.54% off the today’s price level respectively, although investors could be excited at the prospect of a +19.62% if the EPD share price touches on the median price of $27.5.
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Let’s briefly compare Enterprise Products Partners L.P. (EPD) stock to its peers. We find that today’s price change of -0.09% and +31.04% over the past 12 months for EPD betters that of Energy Transfer LP (ET), which has seen its stock price fall -0.21% in the latest trading session and is +2.5% over the last one year. Another of its peers Magellan Midstream Partners LP (MMP) has climbed 2.5% today, and was +13.71% up over the past year, while Plains All American Pipeline LP (PAA) is also down -0.09% yet, while its price remains in the green at 31.04% over the same period. Enterprise Products Partners L.P. has a P/E ratio of 13.5 compared to Energy Transfer LP’s 0 and Magellan Midstream Partners LP’s 12.93. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.36% and 0.83%, respectively, in early deals.
Coming back to Enterprise Products Partners L.P. (NYSE:EPD), we note that the average 3-month trading volume was 6.53 Million, while that of the preceding 10-day period stands at 5.43 Million. Current shares outstanding are 2.18 Billion.
According to data from Thomson Reuters, insiders hold 32.59% of the company’s shares while institutions hold 30.98%. The data shows that short shares as of April 14, 2021, stood at 36.8 Million at a short ratio of 6.14. This represents a 1.69% short interest in shares outstanding on April 14, 2021. Shares short rose in April from the previous month at 24.83 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +17.46% up in year-to-date price movement.