On Wednesday, Enterprise Products Partners L.P. [NYSE:EPD] has a current price of $16.82, coming out to a daily percentage change of 2.56% with a 52-week range of $10.27 – $29.22.
Other data for the company is as follows:
- Stochastic %K of 83.59
- Weighted Alpha of -28.7
Analysts have the price target for Enterprise Products Partners L.P. [EPD] at 24.73. Daily swings are between $16.35 and $16.59.
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Holding a Market Cap of $35.02 billion, Enterprise Products Partners L.P. has seen a trading range over the last year of $10.27-$29.22.
For the last five days, EPD is up from its last closing price. The average shares trading hands each day is 7.75M, with average 10-day volume coming in at 7.45 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for EPD. When we apply the Elder Force Index to Enterprise Products Partners L.P., we are seeing an Elder Force Indicator number of 633665.34.
The recent performance of the stock is another area that can tell traders how to proceed. EPD is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 8.55. Moreover, the company’s enterprise value has gone from $67.30B to $58.55B quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, EPD made a profit of 1.38 billion. Enterprise Products Partners L.P. also saw quarter revenue growth year over year of -11.77%. In addition, the company has operating cash flow of $6.53 billion.
Looking at popular technical indicators, the company’s 5-day moving average is 16.41 compared to the 50-day moving average of 16.87. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. EPD currently holds a 9-day RSI of 61.78%, while 100-day RSI stands at 45.68%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. EPD’s 9-day MACD is 0.36 and the company’s 100-day MACD stands at -1.49.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 32.41% by insiders and 37.45% by institutions. Regarding institutional holdings, Blackstone Group Inc. owns 3.52%, while the second top holder, Goldman Sachs Group, Inc., currently owns 2.02%.
Over the last six months, insiders have bought 15,000 with the most recent transaction from WILLIAMS RANDA DUNCAN, Director, with a purchase at price 1000.00 per share.
Overall, the recommended rating for EPD is Strong Buy. Currently, the company has 17 analysts watching the stock, and the average quarterly earnings estimate is 0.48. Quarterly revenue estimates are averaging 7.14B with the high estimate reaching 8.12B and the low at 5.69B.
To review, the current 1-year target estimate is sitting at 24.73, while the current price 16.82. Based on this, we expect the stock to rise considering the aforementioned fundamentals.