Enterprise Products Partners L P (NYSE: EPD) Not A Good Play Anymore?

Enterprise Products Partners L P (EPD) concluded trading on Wednesday at a closing price of $29.97, with 7.04 million shares of worth about $211.06 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.57% during that period and on November 06, 2024 the price saw a gain of about 2.29%. Currently the company’s common shares owned by public are about 2.17B shares, out of which, 1.45B shares are available for trading.

Stock saw a price change of 2.43% in past 5 days and over the past one month there was a price change of 2.71%. Year-to-date (YTD), EPD shares are showing a performance of 13.74% which increased to 13.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.88 but also hit the highest price of $30.05 during that period. The average intraday trading volume for Enterprise Products Partners L P shares is 3.76 million. The stock is currently trading 2.77% above its 20-day simple moving average (SMA20), while that difference is up 2.51% for SMA50 and it goes to 4.47% higher than SMA200.

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Enterprise Products Partners L P (NYSE: EPD) currently have 2.17B outstanding shares and institutions hold larger chunk of about 25.16% of that.

The stock has a current market capitalization of $65.04B and its 3Y-monthly beta is at 1.02. PE ratio of stock for trailing 12 months is 11.24, while it has posted earnings per share of $2.67 in the same period. Its PEG reads 1.71 and has Quick Ratio of 0.68 while making debt-to-equity ratio of 1.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EPD, volatility over the week remained 1.26% while standing at 1.06% over the month.

Stock’s fiscal year EPS is expected to rise by 6.69% while it is estimated to increase by 6.14% in next year. EPS is likely to grow at an annualized rate of 6.56% for next 5-years, compared to annual growth of 5.54% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on October 17, 2024 offering a Buy rating for the stock and assigned a target price of $35 to it. Coverage by Goldman stated Enterprise Products Partners L P (EPD) stock as a Neutral in their note to investors on October 06, 2023, suggesting a price target of $28 for the stock. Stock get an Outperform rating from Wolfe Research on January 09, 2023.

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