Enterprise Products Partners L P (NYSE: EPD) Continues Its Upward Trend

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The trading price of Enterprise Products Partners L P (NYSE:EPD) floating higher at last check on Tuesday, August 06, closing at $28.39, 1.81% higher than its previous close.

The company’s P/E ratio in the trailing 12-month period was 10.83. In examining the 52-week price action we see that the stock hit a 52-week high of $30.05 and a 52-week low of $25.61. Over the past month, the stock has lost -2.56% in value.

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Enterprise Products Partners L P, whose market valuation is $61.64 billion at the time of this writing. The dividend yield on the company stock is 7.24%, while its Forward Dividend ratio is 2.06. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.68 per share this quarter, however they have predicted annual earnings per share of 2.72 for current year and 2.86 for next year.

Analysts have forecast the company to bring in revenue of 14.46B for the current quarter, with the likely lows of 13.4B and highs of 15.11B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 56.85B.

On the technical side, indicators suggest EPD has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.60, which symbolizes a positive outlook. A quick review shows that EPD’s price is currently -3.44% off the SMA20 and -1.77% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.22, and weekly volatility stands at 2.40%. When measured over the past 30 days, the indicator reaches 1.40%. Enterprise Products Partners L P (NYSE:EPD)’s beta value is currently sitting at 0.99, while the Average True Range indicator is currently displaying 0.48.

To see how Enterprise Products Partners L P stock has been performing today in comparison to its peers in the industry, here are the numbers: EPD stock’s performance was 1.81% at last check in today’s session, and 7.03% in the past year. Enterprise Products Partners L P has a P/E ratio of 10.83.

An evaluation of the daily trading volume of Enterprise Products Partners L P (NYSE:EPD) indicates that the 3-month average is 3.89 million.

Currently, records show that 2.17 billion of the company’s shares remain outstanding. The insiders hold 33.09% of outstanding shares, whereas institutions hold 25.25%. However, since the stock’s price has seen 7.72% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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