Company Products Partners LP [NYSE: EPD] loss of -1.67% or -0.39 point to close at $ 22.92 with a large trading volume of 6,063,884 shares. The company reports on November 2, 2021 that Enterprise is releasing its results for the third quarter of 2021.
Enterprise Products Partners LP (“Enterprise”) (NYSE: EPD) announced its financial results for the three and nine months ended September 30, 2021.
Enterprise reported net income attributable to common unitholders of $ 1.2 billion, or $ 0.52 per unit on a fully diluted basis, for the third quarter of 2021, compared to $ 1.1 billion, or $ 0.48 per unit on a fully diluted basis, for the third quarter of 2020 Net income for the third quarters of 2021 and 2020 has been reduced by non-cash charges, impairment of assets of $ 29 million, or 0 . $ 01 per fully diluted unit, and $ 77 million, or $ 0.03 per fully diluted unit, respectively.
It opened the trading session at $ 23.30, shares rose to $ 23.40 and fell to $ 22.88, the range in which the stock price has traded throughout the day. The daily EPD chart shows that the company has recorded a loss of -4.14% in the past six months. However, it is still -26.84% below its most recent low.
If we look at the average trading volume of 6.65 million shares, EPD reached a volume of 6,063,884 in the last trading day, which is why the market watchdogs consider the stock to be active. .
Here’s what the top equity market gurus are saying about Enterprise Products Partners LP [EPD]:
Based on careful, factual analysis from Wall Street experts, the current consensus on the target price for EPD shares is $ 28.40 per share. Analysis of target price and stock performance is usually carefully considered by market experts, and the current Wall Street consensus for EPD stock is a recommendation set at 1.70. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means a strong sell, 4 represents a sell, 3 is a hold, and 2 indicates a buy.
Wolfe Research has estimated shares of Enterprise Products Partners LP, retaining its opinion on the stock as Peer Perform, with its previous recommendation of October 19, 2021. Although these analysts have maintained the previous recommendation, BofA Securities has increased its target price to buy. The new target price note was released on September 28, 2021, representing the official price target for the Enterprise Products Partners LP share. Previously, the target price had risen further to $ 28, while analysts at TD Securities maintained a buy rating on EPD stock.
The Average True Range (ATR) for Enterprise Products Partners LP is set at 0.41, with a price-to-sales ratio for EPD stock during the last 12 months period of 1.35. The Price to Book ratio for the last quarter was 2.01, the Price to Cash per share for the same quarter was set at 1.03. The free cash flow rate for EPD for the last twelve months was 29.85 with a Quick’s ratio for the last quarter at 0.80.
Analysis of trading performance for the EPD share
Company Products Partners LP [EPD] gaining in the green zone at the end of last week, gaining in a positive trend and gaining 0.75. With this latest performance, EPD shares fell -5.48% over the last four-week period, also falling -4.14% over the past 6 months, not to mention a rise of 23.82% in the last year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result above 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent neutral market dynamics. The current RSI for the EPD stock over the last two-week period is set at 47.84, the RSI for the latest single from the trade has hit 47.42, and the three-week RSI is set at 48.76 for Enterprise Products Partners LP. [EPD]. The current moving average for the last 50 trading days for this stock is 22.86, while it was recorded at 22.92 for the last week of trading and 23.01 for the last 200 days.
Company Products Partners LP [EPD]: A deeper dive into fundamental analysis
The operating margin for any stock indicates how profitable the investment would be, and Enterprise Products Partners LP [EPD] The stocks currently have an operating margin of +18.66 and a gross margin of +19.07. The net margin of Enterprise Products Partners LP is currently recorded at +14.04.
The total ROI for EPD is now 9.11, given the latest boost, and the ROI for the company is 7.21. The return on equity for this stock was down to 15.24, with a return on assets of 5.95. With regard to the capital structure of this company, Enterprise Products Partners LP [EPD] has a ratio of total debt to total equity set at 124.07. In addition, total EPD debt to total capital is recorded at 55.37, with total debt to total assets ending at 47.13. Long-term debt to equity of the company is recorded at 118.75, with long-term debt to total capital now standing at 52.89.
Reflecting on the efficiency of the workforce in the company, Enterprise Products Partners LP [EPD] managed to generate an average of $ 525,049 per employee. The company’s receivables revenue is 5.49 with total asset revenue recorded at a value of 0.42. Equally interesting and compelling is the liquidity data for Enterprise Products Partners LP, with a quick ratio of 0.80 and a current ratio set at 1.10.
Company Products Partners LP [EPD]: An analysis of earnings per share (EPS)
With the latest financial reports released by the company, Enterprise Products Partners LP posted EPS of 0.15 / share, while average EPS was forecast by analysts at 0.5 / share. When compared, the two values show that the company fails the estimates by a surprise factor of -70.00%. The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for EPD. Regarding the mentioned value, analysts expect the 5-year EPS growth rate for Enterprise Products Partners LP to reach 10.20%.
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An Analysis of Insider Ownership at Enterprise Products Partners LP [EPD]
There are currently approximately $ 13,580 million, or 28.30% of EPD shares, in the hands of institutional investors. The three main institutional holders of EPD shares are: BLACKSTONE INC with a stake of 65,204,148, which represents approximately 0.346% of the market capitalization of the company and approximately 0.30% of the total institutional ownership; ALPS ADVISORS INC, holding 26,548,472 shares with an approximate value of $ 608.49 million in EPD shares; and GOLDMAN SACHS GROUP INC, which currently owns $ 590.41 million of EPD shares and owns nearly -16.815% of the company’s market capitalization.
477 institutional holders strengthened their position in Enterprise Products Partners LP [NYSE:EPD] by approximately 22,841,440 shares. In addition, 391 investors reduced their positions by approximately 51,950,351 shares, while 258 investors held positions with 517,704,779 shares. The mentioned changes put institutional holdings at 592,496,570 shares, according to the latest report filed with the SEC. The EPD share had 70 new institutional investments for a total of 6,088,807 shares, while 79 institutional investors sold positions of 3,539,241 shares during the same period.