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What Enterprise Products Partners L.P. (NYSE: EPD) Stock Didn’t Tell You This Week

Enterprise Products Partners L.P. (NYSE:EPD) traded at $26.15 at last check on Tuesday, January 24, made an upward move of 0.19% on its previous day’s price.

Looking at the stock we see that its previous close was $26.10 and the beta (5Y monthly) reads 1.11 with the day’s price range being $25.89 – $26.22. The company has a trailing 12-month PE ratio of 11.36. In terms of its 52-week price range, EPD has a high of $28.65 and a low of $22.75. The company’s stock has gained about 11.59% over that past 30 days.

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Enterprise Products Partners L.P. has a market cap of $56.23 billion and is expected to release its quarterly earnings report on Jan 30, 2023 – Feb 03, 2023. With its Forward Dividend at 1.96 and a yield of 7.51%, 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 $0.62, with the EPS growth for the year raised at $2.49 for 2022 and $2.58 for next year. These figures represent 18.60% and 3.60% 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 $14.22 billion, with a low of $11.01 billion and a high of $15.97 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $55.27 billion, or 35.40% up from figures reported last year.

There have been no 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 50% Sell. Long term indicators on average place the stock in the category of 50% Buy.

Looking further, we note that the PEG ratio for the EPD stock currently stands at 1.32, and the most recent price level today is 5.10% off its SMA20 and 6.23% from its 50-day simple moving average. The RSI (14) is pointing at 69.38 while the volatility over the past week is 1.66% and jumps to 1.59% over the past one month. The beta value is 1.07, while the average true range (ATR) is currently pointing at 0.43. The average price target for the stock over the next 12 months is $31.51, with the estimates having a low of $27.00 and a high of $36.00. These price ends are -3.25% and -37.67% off the today’s price level respectively, although investors could be excited at the prospect of a -18.55% if the EPD share price touches on the median price of $31.00.

Let’s briefly compare Enterprise Products Partners L.P. (EPD) stock to its peers. We find that today’s price change of 0.19% and 8.57% over the past 12 months for EPD competes that of DCP Midstream LP (DCP), which has seen its stock price fall -0.05% in the latest trading session and is 44.52% over the last one year. Another of its peers The Williams Companies Inc. (WMB) has dropped -0.68% today, and was 10.11% up over the past year, while Plains All American Pipeline L.P. (PAA) is also down -0.37% yet, while its price remains in the green at 17.13% over the same period. Enterprise Products Partners L.P. has a P/E ratio of 11.36 compared to DCP Midstream LP’s 8.37 and The Williams Companies Inc.’s 19.36. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.40% and -0.23%, respectively, in early deals.

Coming back to Enterprise Products Partners L.P. (NYSE:EPD), we note that the average 3-month trading volume was 5.54 million, while that of the preceding 10-day period stands at 4.64 million. Current shares outstanding are 2.18 billion.

The insiders hold 32.63% of the company’s shares while institutions hold 27.20%. The data shows that short shares as of Oct 13, 2022, stood at 26.89 million at a short ratio of 5.23. This represents a 1.24% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 27.55 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 8.21% up in year-to-date price movement.

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