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Why should you keep an eye on Enterprise Products Partners L.P. (EPD)?

Enterprise Products Partners L.P. (NYSE: EPD) is 6.72% higher on its value in year-to-date trading and has touched a low of $22.75 and a high of $28.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EPD stock was last observed hovering at around $25.49 in the last trading session, with the day’s gains setting it 0.25% off its average median price target of $31.00 for the next 12 months. It is also 28.5% off the consensus price target high of $36.00 offered by 24 analysts, but current levels are 4.67% higher than the price target low of $27.00 for the same period.

Currently trading at $25.74, the stock is 4.48% and 4.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.48 million and changing 0.98% at the moment leaves the stock 0.76% off its SMA200. EPD registered 6.72% gain for a year compared to 6-month loss of 0.12%.

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The stock witnessed a 9.63% gain in the last 1 month and extending the period to 3 months gives it a 2.10%, and is 0.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.63% over the week and 1.60% over the month.

Enterprise Products Partners L.P. (EPD) has around 6911 employees, a market worth around $55.46B and $55.91B in sales. Current P/E ratio is 11.21 and Fwd P/E is 10.05. Profit margin for the company is 9.00%. Distance from 52-week low is 13.14% and -10.16% from its 52-week high. The company has generated returns on investments over the last 12 months (11.00%).

Enterprise Products Partners L.P. (EPD) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Enterprise Products Partners L.P. (EPD) is a “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 1.80, where 4 rate it as a Hold and 4 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Enterprise Products Partners L.P. is expected to release its quarterly report on 05/01/2023.The EPS is expected to grow by 21.90% this year.

Enterprise Products Partners L.P. (EPD) Top Institutional Holders

The shares outstanding are 2.18B, and float is at 1.47B with Short Float at 1.34%.

Enterprise Products Partners L.P. (EPD) Insider Activity

A total of 9 insider transactions have happened at Enterprise Products Partners L.P. (EPD) in the last six months, with sales accounting for 2 and purchases happening 7 times. The most recent transaction is an insider purchase by TEAGUE AJ,the company’sCo-Chief Executive Officer. SEC filings show that TEAGUE AJ bought 3,650 shares of the company’s common stock on Dec 27 at a price of $24.09 per share for a total of $87921.0. Following the purchase, the insider now owns 2.34 million shares.

Enterprise Products Partners L.P. disclosed in a document filed with the SEC on Dec 27 that BARTH CARIN MARCY (Director) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Dec 27 and was made at $23.99 per share for $0.12 million. Following the transaction, the insider now directly holds 75776.0 shares of the EPD stock.

Still, SEC filings show that on Dec 20, TEAGUE AJ (Co-Chief Executive Officer) acquired 21,150 shares at an average price of $23.60 for $0.5 million. The insider now directly holds 2,335,225 shares of Enterprise Products Partners L.P. (EPD).

Enterprise Products Partners L.P. (EPD): Who are the competitors?

The company’s main competitors (and peers) include DCP Midstream LP (DCP) that is trading 47.39% up over the past 12 months and The Williams Companies Inc. (WMB) that is 8.37% higher over the same period. Plains All American Pipeline L.P. (PAA) is 12.72% up on the 1-year trading charts.

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