Enterprise Products Partners L P (NYSE:EPD) does about 4.92M shares in volume on a normal day but saw 6929942 shares change hands in Monday trading. The company now has a market cap of 61.82B USD. Its current market price is $28.51, marking a decrease of -1.86% compared to the previous close of $29.05. The 52 week high reached by this stock is $29.99 whilst the lowest price level in 52 weeks is $25.19.
Enterprise Products Partners L P (EPD) has a 20-day trading average at $29.18 and the current price is -4.93% off the 52-week high compared with 13.18% distance from its 52-week low. The 50-day simple moving average of the closing price is $28.11 and its 200-day simple moving average is $27.07. If we look at the stock’s price movements over the week, volatility stands at 1.42%, which decreases to 1.15% 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 42.05 to suggest the stock is neutral.
The consensus objective for the share price is $32.72, suggesting that the stock has a potential upside of 12.87% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 06, 2023 when Goldman resumed the stock to “Neutral” and issued a price target of $28.
Enterprise Products Partners L P (EPD) stock is down -3.26% over the week and -0.45% over the past month. Its price is 8.20% year-to-date and 6.26% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of $0.72 above consensus estimates by $0.04. EPD’s earnings per share are forecast to grow by 7.10% this year and 4.80% over next year. Expected sales for next quarter are $14.12 billion, which analysts say will come at $54.64 billion for the current fiscal year and next year at $56.59 billion. In addition, estimates put the company’s current quarterly revenue at an average of $14.23 billion.
To reach the target analysts have set, the stock logically needs to grow 12.87 percent from here.
The company has a return on investment of 9.90% and return on equity of 20.24%. The price to earnings ratio (P/E ratio) amounts to 11.31 while the forward price to earnings ratio is 10.01. The beta has a value of 0.99. Price to book ratio is 2.23 and price to sales ratio is 1.25.
