Can Enterprise Products Partners L.P. (EPD) stock recover despite sales dropping?

In yesterday’s Wall Street session, Enterprise Products Partners L.P. (NYSE:EPD) shares traded at $27.21, up 0.82% from the previous session.

22 analysts cover Enterprise Products Partners L.P. (NYSE:EPD), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $35.00 and a low of $30.00, we find $31.60. Given the previous closing price of $26.99, this indicates a potential upside of 17.08 percent. EPD stock price is now 1.97% away from the 50-day moving average and 4.96% away from the 200-day moving average. The market capitalization of the company currently stands at $59.27B.

The stock has received a hold rating from 3 analysts and a buy rating from 15. Brokers who have rated the stock have averaged $32.01 as their price target over the next twelve months.

In other news, Montgomery William C, Director bought 50,000 shares of the company’s stock on Aug 04. The stock was bought for $1,330,025 at an average price of $26.60. Upon completion of the transaction, the Director now directly owns 114,758 shares in the company, valued at $3.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 20, Co-Chief Executive Officer TEAGUE AJ bought 11,950 shares of the business’s stock. A total of $300,542 was incurred on buying the stock at an average price of $25.15. This leaves the insider owning 2,491,895 shares of the company worth $67.8 million. Insiders disposed of 595,060 shares of company stock worth roughly $16.19 million over the past 1 year. A total of 32.66% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in EPD stock. A new stake in Enterprise Products Partners L.P. shares was purchased by BEACON POINTE ADVISORS, LLC during the first quarter worth $8,435,000. STEEL PEAK WEALTH MANAGEMENT LLC invested $5,542,000 in shares of EPD during the first quarter. In the first quarter, CFM WEALTH PARTNERS LLC acquired a new stake in Enterprise Products Partners L.P. valued at approximately $3,834,000. KOVITZ INVESTMENT GROUP PARTNERS, LLC acquired a new stake in EPD for approximately $3,188,000. SURIENCE PRIVATE WEALTH LLC purchased a new stake in EPD valued at around $2,703,000 in the second quarter. In total, there are 1,273 active investors with 27.20% ownership of the company’s stock.

On Wednesday morning Enterprise Products Partners L.P. (NYSE: EPD) stock kicked off with the opening price of $26.95. During the past 12 months, Enterprise Products Partners L.P. has had a low of $22.90 and a high of $27.28. As of last week, the company has a debt-to-equity ratio of 1.06, a current ratio of 0.90, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $87.08B, which is based on a 11.04 price-to-earnings ratio, a 2.04 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for EPD is $26.70 and a two-hundred day moving average price translates $25.94 for the stock.

The latest earnings results from Enterprise Products Partners L.P. (NYSE: EPD) was released for Jun, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.57, missing analysts’ expectations of $0.58 by -0.01. This compares to $0.65 EPS in the same period last year. The net profit margin was 10.30% and return on equity was 20.20% for EPD. The company reported revenue of $10.65 billion for the quarter, compared to $16.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -33.68 percent. For the current quarter, analysts expect EPD to generate $11.91B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 08/14/2023. Investors who held shares on 07/31/2023 were paid a $0.50 dividend. On an annualized basis, this represents a $2.00 dividend and a 7.35% percent yield. There was an ex-dividend date of 07/28/2023 for this dividend. In terms of dividend payout ratio, EPD is presently at 78.10%.

Enterprise Products Partners L.P.(EPD) Company Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment offers natural gas processing and related NGL marketing services. It operates natural gas processing facilities located in Colorado, Louisiana, Mississippi, New Mexico, Texas, and Wyoming; NGL pipelines; NGL fractionation facilities; NGL and related product storage facilities; and NGL marine terminals. The Crude Oil Pipelines & Services segment operates crude oil pipelines; and crude oil storage and marine terminals, which include a fleet of 245 tractor-trailer tank trucks that are used to transport crude oil. It also engages in crude oil marketing activities. The Natural Gas Pipelines & Services segment operates natural gas pipeline systems to gather, treat, and transport natural gas. It leases underground salt dome natural gas storage facilities in Napoleonville, Louisiana; owns an underground salt dome storage cavern in Wharton County, Texas; and markets natural gas. The Petrochemical & Refined Products Services segment operates propylene fractionation and related marketing activities; butane isomerization complex and related deisobutanizer operations; and octane enhancement and high purity isobutylene production facilities. It also operates refined products pipelines and terminals; and ethylene export terminals, as well as provides refined products marketing and marine transportation services. Enterprise Products Partners L.P. founded in 1968 and is headquartered in Houston, Texas.