Keep Enterprise Products Partners L.P. (EPD) From Driving You Insane

Enterprise Products Partners L.P. (EPD) will probably climb 41.62 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $39-month high price target. This represents a whopping 63.32 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $34, which represents a return potential of 42.38 percent when compared to the closing price of the stock of $23.88 on Friday, December 28. The lowest price target for the stock is $30 — slightly more than 25.63 percent from EPD’s current share price.

The stock is currently hovering around the first support level of $23.61. Below this, the next support is placed in the zone of $23.35. Till the time, the EPD stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 37.02 on daily chart, which may remain a cause for comfort. If the price breaks below $23.35 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $24.33 mark may result into a pull-back move towards $24.79 level.

On 28th of December, Enterprise Products Partners L.P. (NYSE:EPD) shares ended lower after a volatile session. The shares dropped -0.36 points or -1.49 percent at $23.88 with a heavy trade volume of 10.67 million shares. After opening the session at $24.4, the shares went as high as $24.5241 and as low as $23.8, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $54 billion and now has 2.26 billion shares outstanding. Enterprise Products Partners L.P. (EPD) stock has lost -8.15 percent of market value in 21 trading days.

EPD stock has a trailing 3-year beta of 0.79, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $1.67 a share in the trailing twelve months. The stock’s value has fallen -8.47 percent year to date (YTD) against a decline of -8.02 percent in 12 month’s time. The company’s shares still trade -20.53 percent away from its 1-year high of $30.05 and 5.04 percent up from 52-week low of $22.73. The average consensus rating on the company is 1.6, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Enterprise Products Partners L.P. (EPD) are trading at a P/E ratio of 15.57 times earnings reported for the past 12 months. The industry EPD operates in has an average P/E of 58.95. Its P/E ratio went as low as 20.35X and as high as 27.18 over the 5-year span. Further, it is sporting a 1.51 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.47. 18.8 percent is the gross profit margin for Enterprise Products Partners L.P. and operating margin sits at 13.7 percent. Along with this, the net profit margin is 10.2 percent.

Let’s take a look at some insider activity at Enterprise Products Partners L.P. (NYSE:EPD) and see the pattern. The earliest insider trade took place on 12/20/2018. Teague Aj gathered a total of 10 thousand shares of company at average share price of $24.61. The total for the purchase was set at $246.1 thousand. After this transaction, the CEO account balance stood at 1.74 million shares. The stock lost -2.97 percent since that insider purchase. On 12/19/2018, Barth Carin Marcy, Director, purchased 10 thousand shares at a price per share of $25. This added 250 thousand shares to the insider’s fortune and the stock saw a -4.48 percent retreat in value since the news became public. This transaction left 41.34 thousand shares in the Director account.

On 11/14/2018, CEO Teague Aj performed a purchase transaction worth $394.93 thousand. This purchase at $26.32 each has added 15.01 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -9.27 percent decrease since the transaction was reported. The insider now is left with 1.73 million shares remaining in the account. Fowler W Randall, who performs the President and CFO job, bought 10 thousand shares for $261.9 thousand. The acquisition occurred on 11/13/2018 was priced at $26.19 per share. The share price plunged -8.82 percent since the reporting date. Fowler W Randall now left with a stake of 1.41 million EPD stock worth $33.68 million after the insider buying.


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