Enterprise Products Partners L P (NYSE: EPD) on Monday, plunged -1.86% from the previous trading day, before settling in for the closing price of $29.05. Within the past 52 weeks, EPD’s price has moved between $25.19 and $29.99.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 10.15%. The company achieved an average annual earnings per share of 7.41%. With a float of $1.43 billion, this company’s outstanding shares have now reached $2.17 billion.
Considering the fact that the conglomerate employs 7500 people, you should pay attention to its efficiency factor.
Enterprise Products Partners L P (EPD) Insider Activity
Observing investor behavior towards Oil & Gas Midstream industry stocks is more important than anything else. The insider ownership of Enterprise Products Partners L P is 34.08%, while institutional ownership is 24.94%. The most recent insider transaction that took place on Dec 19 ’23, was worth 63,076. In this transaction Co-Chief Executive Officer of this company bought 2,410 shares at a rate of $26.17, taking the stock ownership to the 6,060 shares. Before that another transaction happened on Nov 09 ’23, when Company’s Director bought 10,000 for $25.96, making the entire transaction worth $259,639. This insider now owns 137,423 shares in total.
Enterprise Products Partners L P (EPD) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 231.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.40% during the next five years compared to 5.54% growth over the previous five years of trading.
Enterprise Products Partners L P (NYSE: EPD) Trading Performance Indicators
Enterprise Products Partners L P (EPD) is currently performing well based on its current performance indicators. A quick ratio of 0.68 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.25. Likewise, its price to free cash flow for the trailing twelve months is 14.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.52, a number that is poised to hit 0.67 in the next quarter and is forecasted to reach 2.85 in one year’s time.
Technical Analysis of Enterprise Products Partners L P (EPD)
Compared to the last year’s volume of 4.95 million, its volume of 5.0 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 11.76%. Additionally, its Average True Range was 0.36.
During the past 100 days, Enterprise Products Partners L P’s (EPD) raw stochastic average was set at 63.28%, which indicates a significant increase from 6.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 11.93% in the past 14 days, which was higher than the 10.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $28.11, while its 200-day Moving Average is $27.07. Nevertheless, the first resistance level for the watch stands at $28.97 in the near term. At $29.44, the stock is likely to face the second major resistance level. The third major resistance level sits at $29.72. If the price goes on to break the first support level at $28.23, it is likely to go to the next support level at $27.95. Should the price break the second support level, the third support level stands at $27.48.
Enterprise Products Partners L P (NYSE: EPD) Key Stats
Market capitalization of the company is 61.82 billion based on 2,168,245K outstanding shares. Right now, sales total 49,715 M and income totals 5,532 M. The company made 14,622 M in profit during its latest quarter, and 1,568 M in sales during its previous quarter.
