Despite Enterprise Products Partners L P [EPD]’s great opportunity, the stock is a bit overvalued

In yesterday’s Wall Street session, Enterprise Products Partners L P (NYSE:EPD) shares traded at $28.61, down -0.80% from the previous session.

EPD stock price is now -0.59% away from the 50-day moving average and 4.87% away from the 200-day moving average. The market capitalization of the company currently stands at $62.13B.

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, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’

In other news, TEAGUE AJ, Co-Chief Executive Officer bought 2,410 shares of the company’s stock on Dec 19 ’23. The stock was bought for $63,076 at an average price of $26.17. Upon completion of the transaction, the Co-Chief Executive Officer now directly owns 6,060 shares in the company, valued at $0.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09 ’23, Director Rutherford John R bought 10,000 shares of the business’s stock. A total of $259,639 was incurred on buying the stock at an average price of $25.96. This leaves the insider owning 137,423 shares of the company worth $3.93 million. A total of 33.03% of the company’s stock is owned by insiders.

During the past 12 months, Enterprise Products Partners L P has had a low of $25.19 and a high of $29.99. As of last week, the company has a debt-to-equity ratio of 1.08, a current ratio of 0.93, and a quick ratio of 0.68.

The net profit margin was 10.75% and return on equity was 20.42% for EPD. The company reported revenue of $14.76 billion for the quarter, compared to $12.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.61 percent.

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