Enterprise Products Partners L P (NYSE:EPD) traded at $28.45 at last check on Monday, April 29, made a downward move of -2.10% on its previous day’s price.
Looking at the stock we see that its previous close was $29.06. The company has a trailing 12-month PE ratio of 11.29. In terms of its 52-week price range, EPD has a high of $29.99 and a low of $25.19. The company’s stock has lost about -2.50% over that past 30 days.
Enterprise Products Partners L P has a market cap of $61.69 billion. With its Forward Dividend at 1.52 and a yield of 5.33%, the company’s investors could be anxious for the EPD stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.67, with the EPS growth for the year raised at $2.7 for 2024 and $2.83 for next year. These figures represent 7.10% and 4.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $14.23 billion, with a low of $13.93 billion and a high of $14.42 billion. The median projection represents growth squeezing down to 14.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $54.64 billion, or 9.90% up from figures reported last year.
On the other hand, looking at the outlook for the EPD stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the EPD stock currently stands at 1.34, and the most recent price level today is -2.25% off its SMA20 and -0.32% from its 50-day simple moving average. The RSI (14) is pointing at 42.68 while the volatility over the past week is 1.34% and jumps to 1.33% over the past one month. The beta value is 0.99, while the average true range (ATR) is currently pointing at 0.41.
Coming back to Enterprise Products Partners L P (NYSE:EPD), we note that the average 3-month trading volume was 4.91 million. Current shares outstanding are 2.17 billion.
The insiders hold 34.08% of the company’s shares while institutions hold 24.97%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 7.97% up in year-to-date price movement.
