As of September 19, 2023, short interest refers to the number of shares that have been sold short but have not yet been covered or closed out. Short selling occurs when traders sell shares of a company they do not own, hoping that the stock price will decline. Traders profit from short selling if the stock price falls, but they incur losses if it rises. Monitoring short interest is crucial as it can serve as an indicator of market sentiment towards a specific stock. An increase in short interest suggests that investors have turned more bearish, while a decrease indicates a more bullish sentiment.
Since its previous report, Enterprise Prods Partners (NYSE:EPD) has experienced a 7.08% decline in short percent of float. According to Benzinga Pro, the average short interest as a percentage of float for Enterprise Prods Partners’ peer group is 3.68%. This implies that the company’s short interest is higher than that of its peers. As of August 31, 2023, the company reported 15.32 million shares sold short, which accounts for 1.05% of all regular shares available for trading. Considering its trading volume, it would take traders an average of 5.16 days to cover their short positions.
Enterprise Products Partners L.P.
EPD
Buy
Updated on: 28/09/2023
Financial Health
Healthy
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
EPD Stock Performance Analysis and Outlook: September 19, 2023
EPD Stock Performance on September 19, 2023: Analysis and Outlook
On September 19, 2023, Enterprise Products Partners LP (EPD) had a mixed day of trading, with its stock price experiencing some fluctuations. Let’s take a closer look at EPD’s stock performance and analyze the factors that influenced its movement.
EPD’s stock opened at $27.09 and traded within a range of $26.93 to $27.11. The trading volume for the day was 2,214,154 shares.
The market capitalization of EPD stands at $58.6 billion. The company has shown strong earnings growth over the past year, with a growth rate of 18.65%. However, the growth rate for this year is relatively lower at 1.82%. Looking ahead, EPD is expected to maintain a modest earnings growth rate of 2.00% over the next five years.
EPD’s revenue growth has been impressive, with a growth rate of 39.46% in the last year. The price-to-earnings (P/E) ratio of EPD is 10.9.
In terms of valuation ratios, EPD has a price-to-sales ratio of 0.91 and a price-to-book (P/B) ratio of 2.20.
On September 19, 2023, EPD’s stock showed mixed performance compared to its peers in the industry. ETEnergy Transfer LP saw a slight increase of 0.07 (+0.51%), while WMBWilliams Companies experienced a decrease of 0.15 (-0.42%). Similarly, KMIKinder Morgan and OKEONEOK Inc both had negative movements, with declines of 0.11 (-0.68%) and 0.48 (-0.70%) respectively.
Looking ahead, EPD’s next reporting date is set for November 1, 2023. Analysts are forecasting an earnings per share (EPS) of $0.65 for the current quarter. In the previous year, EPD reported an annual revenue of $58.0 billion and a profit of $5.4 billion, resulting in a net profit margin of 9.39%.
EPD operates in the Industrial Services sector, specifically in the Oil & Gas Pipelines industry. The company is headquartered in Houston, Texas.
In conclusion, EPD’s stock performance on September 19, 2023, was characterized by some fluctuations within a relatively narrow range. Despite the mixed performance on that particular day, EPD has shown strong revenue growth and solid earnings growth over the past year. With a positive outlook for the next five years, EPD remains an attractive investment option in the oil and gas pipelines industry. Investors should keep an eye on the upcoming earnings report on November 1, 2023, for further insights into the company’s financial performance.
EPD Stock Shows Promising Performance: Analysts Recommend Buying
On September 19, 2023, Enterprise Products Partners LP (EPD) stock showed promising performances based on the information provided. According to CNN Money, 18 analysts have offered 12-month price forecasts for EPD, with a median target of 31.60. The high estimate stands at 35.00, while the low estimate is 30.00. The median estimate indicates a potential increase of 16.80% from the last recorded price of 27.06.
The consensus among 22 polled investment analysts is to buy stock in EPD. This rating has remained steady since September, indicating a sustained positive sentiment towards the company. Investors and analysts seem to have confidence in EPD’s future prospects.
EPD’s current quarter earnings per share (EPS) stand at $0.65, indicating a solid financial performance. Additionally, the company reported sales of $13.3 billion for the same period, highlighting its strong revenue generation capabilities.
EPD is scheduled to report its next earnings on November 1. This upcoming release will provide further insights into the company’s financial health and performance. Investors will be eagerly awaiting this report to assess EPD’s progress and make informed investment decisions.
Overall, EPD’s stock performances on September 19, 2023, appear positive based on the information available. The median price target suggests a potential increase in value, and the consensus among analysts is to buy EPD stock. With solid earnings per share and impressive sales figures, EPD seems to be on a promising trajectory. Investors should keep an eye on the upcoming earnings report for a more comprehensive analysis of the company’s performance.
Discussion about this post