The trading price of Enterprise Products Partners L P (NYSE:EPD) closed lower on Tuesday, April 23, closing at $28.91, -0.31% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 11.47, while its 5Y monthly beta was 0.99. In examining the 52-week price action we see that the stock hit a 52-week high of $29.99 and a 52-week low of $25.19. Over the past month, the stock has gained 0.17% in value.
Enterprise Products Partners L P, whose market valuation is $62.68 billion at the time of this writing, is expected to release its quarterly earnings report Apr 30, 2024. The dividend yield on the company stock is 6.94%, while its Forward Dividend ratio is 2.00. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.67 per share this quarter, however they have predicted annual earnings per share of 2.7 for current year and 2.83 for next year.
Analysts have forecast the company to bring in revenue of 14.23B for the current quarter, with the likely lows of 13.93B and highs of 14.42B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 54.64B.
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 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.37, which symbolizes a positive outlook. A quick review shows that EPD’s price is currently -0.72% off the SMA20 and 2.02% off the SMA50. The RSI metric on the 14-day chart is currently showing 52.38, and weekly volatility stands at 1.47%. When measured over the past 30 days, the indicator reaches 1.26%. Enterprise Products Partners L P (NYSE:EPD)’s beta value is currently sitting at 0.98, while the Average True Range indicator is currently displaying 0.38.
To see how Enterprise Products Partners L P stock has been performing in comparison to its peers in the industry, here are the numbers: EPD stock’s performance was -0.31% in the latest trading, and 7.83% in the past year. Enterprise Products Partners L P has a P/E ratio of 11.47.
An evaluation of the daily trading volume of Enterprise Products Partners L P (NYSE:EPD) indicates that the 3-month average is 4.88 million.
Currently, records show that 2.17 billion of the company’s shares remain outstanding. The insiders hold 34.08% of outstanding shares, whereas institutions hold 24.95%. However, since the stock’s price has seen 9.72% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
