Let’s start up with the current stock price of Enterprise Products Partners L.P. (EPD), which is $17.42 to be very precise. The Stock rose vividly during the last session to $17.65 after opening rate of $17.21 while the lowest price it went was recorded $17.17 before closing at $17.40.
Recently in News on September 9, 2020, Enterprise and Customers Amend Crude Oil Agreements; Enterprise Cancelling Midland to Echo 4 Pipeline. Enterprise Products Partners L.P. (NYSE:EPD) today announced that it and certain of its customers have amended agreements that provide Enterprise the ability to use the partnership’s existing pipelines to support its crude oil transportation agreements and to cancel the 450,000 barrels per day Midland-to-ECHO 4 crude oil pipeline project (“M2E4”). Generally, the amendments provide for the reduction of near term volume commitments in exchange for extending the term of the agreements. You can read further details here
Enterprise Products Partners L.P. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $29.22 on 01/15/20, with the lowest value was $10.27 for the same time period, recorded on 03/18/20.
Enterprise Products Partners L.P. (EPD) full year performance was -39.39%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Enterprise Products Partners L.P. shares are logging -41.05% during the 52-week period from high price, and 69.67% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $10.27 and $29.56.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 2451001 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Enterprise Products Partners L.P. (EPD) recorded performance in the market was -38.21%, having the revenues showcasing -18.08% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 38.39B, as it employees total of 7300 workers.
Analysts verdict on Enterprise Products Partners L.P. (EPD)
During the last month, 21 analysts gave the Enterprise Products Partners L.P. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 18.19, with a change in the price was noted +1.84. In a similar fashion, Enterprise Products Partners L.P. posted a movement of +11.76% for the period of last 100 days, recording 7,934,388 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for EPD is recording 1.19 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.10.
Enterprise Products Partners L.P. (EPD): Technical Analysis
Raw Stochastic average of Enterprise Products Partners L.P. in the period of last 50 days is set at 35.80%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 27.63%. In the last 20 days, the company’s Stochastic %K was 19.74% and its Stochastic %D was recorded 14.60%.
Let’s take a glance in the erstwhile performances of Enterprise Products Partners L.P., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -38.21%. Additionally, trading for the stock in the period of the last six months notably improved by 1.10%, alongside a downfall of -39.39% for the period of the last 12 months. The shares increased approximately by -1.02% in the 7-day charts and went up by -4.97% in the period of the last 30 days. Common stock shares were lifted by -18.08% during last recorded quarter.