In last trading session, Enterprise Products Partners L.P. (NYSE:EPD) saw 3,482,214 shares changing hands with its beta currently measuring 1.39. Company’s recent per share price level of $17.32 trading at -$0.8 or -4.58% at recent trade assigns it a market valuation of $37.79 Billion. That current price of EPD’s stock is at a discount of -78.23% from its 52-week high price of $30.87 and is indicating a premium of 40.7% from its 52-week low price of $10.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.86 Million shares which gives us an average trading volume of 9.69 Million if we extend that period to 3-months.
For Enterprise Products Partners L.P. (EPD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.7. Splitting up the data highlights that, out of 25 analysts covering the stock, none rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 20 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.46 in the current quarter.
Enterprise Products Partners L.P. (NYSE:EPD) trade information
In the face of being in the red today for losing -4.06%, in the last five days EPD remained trading in the green while hitting it’s week-highest on Tuesday, Jun 23 when the stock touched $19.75- price level, adding 11.77% to its value on the day. Enterprise Products Partners L.P.’s shares saw a change of -38.1% in year-to-date performance and have moved -8.74% in past 5-day. Enterprise Products Partners L.P. (NYSE:EPD) showed a performance of -9.97% in past 30-days. Number of shares sold short was 34.47 Million shares which calculate 3.56 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $24.65 to the stock, which implies a rise of 42.32% to its current value. Analysts have been projecting $21 as a low price target for the stock while placing it at a high target of $29. It follows that stock’s current price would jump +67.44% in reaching the projected high whereas dropping to the targeted low would mean a loss of 21.25% for stock’s current value.
Enterprise Products Partners L.P. (EPD) estimates and forecasts
Statistics highlight that Enterprise Products Partners L.P. is scoring comparatively higher than the scores of other players of the relevant industry. The company lessened -36.06% of value to its shares in past 6 months, showing an annual growth rate of -6.05% while that of industry is -17.1. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -16.4% in the current quarter and calculating 4.3% increase in the next quarter. This year revenue growth is estimated to drop -6.4% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $7.5 Billion for the same. And 7 analysts are in estimates of company making revenue of $7.62 Billion in the next quarter that will end in September 01, 2020. Company posted $8.28 Billion and $7.96 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -9.4% while estimating it to be -4.3% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.1% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 9.2% while estimates for its earnings growth in next 5 years are of -3.81%
Enterprise Products Partners L.P. is more likely to be releasing its next quarterly report between July 29 and July 29, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 9.82%, the share has a forward dividend of 1.78 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 6.33%.
Enterprise Products Partners L.P. (NYSE:EPD)’s Major holders
Insiders are in possession of 32.41% of company’s total shares while institution are holding 37.45% percent of that, with stock having share float percentage of 55.41%. Investors also watch the number of corporate investors in a company very closely, which is 1189 institutions for Enterprise Products Partners L.P. that are currently holding shares of the company. Harvest Fund Advisors, LLC is the top institutional holder at EPD for having 56.2 Million shares of worth $803.62 Million. And as of March 30, 2020, it was holding 2.57% of the company’s outstanding shares.
The second largest institutional holder is Goldman Sachs Group, Inc., which was holding about 48.94 Million shares on March 30, 2020. The number of shares represents firm’s hold over 2.24% of outstanding shares, having a total worth of $699.86 Million.
On the other hand, Alps ETF Tr-Alerian MLP ETF and Kayne Anderson MLP/Midstream Investment Company are the top two Mutual Funds which own company’s shares. As of February 28, 2020, the former fund manager was holding 26827986 shares of worth $626.17 Million or 1.23% of the total outstanding shares. The later fund manager was in possession of 16.24 Million shares on February 28, 2020, making its stake of worth around $379.14 Million in the company or a holder of 0.74% of company’s stock.