Enterprise Products Partners L.P. (NYSE:EPD) does about 7.42M shares in volume on a normal day but saw 7779353 shares change hands in Monday trading. The company now has a market cap of 39.61B USD. Its current market price is $18.08, marking a decrease of -0.22% compared to the previous close of $18.12. The 52 week high reached by this stock is $29.56 whilst the lowest price level in 52 weeks is $10.27. The script in recent trading has seen the stock touch a high of $18.26 and a low of $17.93.
Enterprise Products Partners L.P. (EPD) has a 20-day trading average at $18.19 and the current price is -38.84% off the 52-week high compared with 76.05% distance from its 52-week low. The 50-day simple moving average of the closing price is $18.19 and its 200-day simple moving average is $21.24. If we look at the stock’s price movements over the week, volatility stands at 2.19%, which increases to 2.35% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 47.08 to suggest the stock is neutral.
The consensus objective for the share price is $24.59, suggesting that the stock has a potential upside of 26.47% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 09, 2020 when Piper Sandler upgraded the stock to “Overweight” and issued a price target of $22. Wolfe Research downgraded the stock to “Peer Perform” from Outperform on April 13, 2020 at a price target of. Piper Sandler downgraded its price target at $32-$24.
The current price level is -0.62%, -0.71%, and -15.04% away from its SMA20, SMA50, and SMA200 respectively, with the EPD price moving above the 50-day SMA on August 24. Enterprise Products Partners L.P. (EPD) stock is down -4.29% over the week and -0.33% over the past month. Its price is -35.80% year-to-date and -35.80% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.47 below consensus estimates by -$0.01. The company’s next earnings report is expected on 10/28/2020, with forecasts estimating quarterly EPS at $0.48 and $2.05 for whole year. EPD’s earnings per share are forecast to shrink by -1.90% this year and -6.80% over next year. Expected sales for next quarter are $7.44 billion, which analysts say will come at $28.54 billion for the current fiscal year and next year at $29.84 billion. In addition, estimates put the company’s current quarterly revenue at an average of $7.29 billion.
To reach the target analysts have set, the stock logically needs to grow 26.47 percent from here.
Outstanding shares total 2.19B with insiders holding 32.41% of the shares and institutional holders owning 37.45% of the company’s common stock. The company has a return on investment of 11.50% and return on equity of 18.00%. The price to earnings ratio (P/E ratio) amounts to 8.89 while the forward price to earnings ratio is 9.45. The beta has a value of 1.41. Price to book ratio is 1.59 and price to sales ratio is 1.36.
According to a U.S. Securities and Exchange Commission filing, Alerian MLP ETF has reduced its position in Enterprise Products Partners L.P. (EPD) to 21,450,562 shares, mirroring a recent drop by -0.03%. Alerian MLP ETF dumped 7140.0 shares of Enterprise Products Partners L.P. common stock bringing its total worth to about $377.53 million at the end of recent close, SEC documents show. Alerian MLP ETF isn’t the only investment manager who changed stakes and is followed by BlackRock Equity Dividend Fund, which sold off -0.14 million shares to end up with 11,517,006 shares worth $202.7 million. American Century Cap Port Inc cut their holdings by -1.09% in the company over the course of the most recent quarter. It now holds a 0.41% position in Enterprise Products Partners L.P. thanks to 9.0 million shares amounting to $158.37 million.