Enterprise Products Partners L.P. (NYSE:EPD) price on Thursday, August 26, fall -0.95% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $21.97.
A look at the stock’s price movement, the close in the last trading session was $22.18, moving within a range at $21.95 and $22.23. The beta value (5-Year monthly) was 1.37 while the PE ratio in trailing twelve months stood at 12.70. Turning to its 52-week performance, $25.69 and $14.90 were the 52-week high and 52-week low respectively. Overall, EPD moved -5.46% over the past month.
Enterprise Products Partners L.P.’s market cap currently stands at around $47.39 billion, with investors looking forward to this quarter’s earnings report slated for Oct 26, 2021 – Nov 01, 2021. The company has a Forward Dividend ratio of 1.80, with its dividend yield at 8.19%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.52, which has seen fiscal year 2021 EPS growth forecast to increase to $2.2 and about $2.17 for fiscal year 2022. Per the data, EPS growth is expected to be 28.70% for 2021 and -1.40% for the next financial year.
Analysts have a consensus estimate of $8.37 billion for the company’s revenue for the quarter, with a low and high estimate of $7.02 billion and $9.44 billion respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $35.49 billion, representing a 30.50% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that EPD is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
27 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 23 recommend EPD as a Buy and 4 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 1.25, with EPD’s current price about -1.39% and -5.90% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.15, while 7-day volatility ratio is 1.73% and 1.81% in the 30-day chart. Further, Enterprise Products Partners L.P. (EPD) has a beta value of 1.37, and an average true range (ATR) of 0.46. Analysts have given the company’s stock an average 52-week price target of $28.21, forecast between a low of $25.00 and high of $32.00. Looking at the price targets, the low is -13.79% off current price level while to achieve the yearly target high, price needs to move -45.65%. Nonetheless, investors will most likely welcome a -27.45% jump to $28.00 which is the analysts’ median price.
In the market, a comparison of Enterprise Products Partners L.P. (EPD) and its peers suggest the former has performed considerably weaker. Data shows EPD’s intraday price has changed -0.95% in last session and 25.90% over the past year. Comparatively, DCP Midstream LP (DCP) has moved -3.84% on the day and only 108.40% in the past 12 months. Looking at another peer, we see that The Williams Companies Inc. (WMB) price has dipped -1.79% on the day. However, the stock is 14.73% off its price a year ago. Moreover, Plains All American Pipeline L.P. (PAA) is also down -4.06% in trading on the day while keeping a an uptrend of 36.24% over the past year. If we look at the PE ratio, we find that Enterprise Products Partners L.P.’s ratio stands at 12.70 compared to DCP Midstream LP’s 34.62 and The Williams Companies Inc.’s 25.50. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.58% and -0.54% respectively in the last trading.
If we refocus on Enterprise Products Partners L.P. (NYSE:EPD), historical trading data shows that trading volumes averaged 6.19 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.19 billion shares.
The 0.20% of Enterprise Products Partners L.P.’s shares are in the hands of company insiders while institutional holders own 29.70% of the company’s shares. Current price change has pushed the stock 12.15% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EPD stock continues to rise going into the next quarter.