EPD Enterprise Products Partners L P. Stock Price & News

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Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Enterprise Products Partners already has several expansion projects lined up. It currently has $6.1 billion of major capital projects under construction that should enter service by the end of 2025.

Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. Enterprise Products Partners should be able to continue increasing its distribution, and the company’s uber-conservative financial profile is a big reason why. The MLP’s large-scale and diversified midstream operations generate lots of stable cash flows that are backed by long-term contracts and government-regulated rate structures.

Today, the price is still approaching a densely traded area within the day. The daily chart of EPD is rising, but the bearish pressure is strong. Enterprise Products Partners’ stock was trading at $24.12 on January 1st, 2023. Since then, EPD stock has increased by 8.9% and is now trading at $26.27. Based on earnings estimates, Enterprise Products Partners will have a dividend payout ratio of 74.52% next year.

Research Reports for EPD

Based on our research, we believe these https://1investing.in/ revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. EPD’s full-year Zacks Consensus Estimates are calling for earnings of $2.54 per share and revenue of $56.98 billion. These results would represent year-over-year changes of +0.79% and -2.07%, respectively. Enterprise Products Partners closed at $26.64 in the latest trading session, marking a -0.67% move from the prior day. At the same time, the Dow lost 1.02%, and the tech-heavy Nasdaq lost 11.95%.

• These revisions help to show the ever-changing nature of near-term business trends.
• The company reported nearly $57 billion in revenue for 2022 and was expected to grow revenue at a 5% CAGR.
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• Analysts have a consensus estimate of $14.08 billion for the company’s revenue for the quarter, with a low and high estimate of $13.04 billion and $15.63 billion respectively.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023. It pays a dividend yield of 7.36%, putting its dividend yield in the top 25% of dividend-paying stocks. Enterprise Products Partners has a short interest ratio (“days to cover”) of 2.8, which is generally considered an acceptable ratio of short interest to trading volume. According to analysts’ consensus price target of $30.92, Enterprise Products Partners has a forecasted upside of 17.5% from its current price of $26.31. There may be delays, omissions, or inaccuracies in the Information.

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On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category. The PEAD projected a bullish outlook for $EPD after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. Market cap is the total market value of a publicly traded company’s outstanding shares. The company also operates a deep water terminal for exporting and importing natural gas liquids, including 20 docks.

• Magellan Midstream is scheduled to release first-quarter results on May 04.
• Is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids , crude oil, petrochemicals and refined products.
• News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
• Enterprise Products Partners Investors can benefit from the dividend reinvestment plan by registering as an owner of record.
• It pays a dividend yield of 7.36%, putting its dividend yield in the top 25% of dividend-paying stocks.
• Specifically, they have bought $300,542.00 in company stock and sold $0.00 in company stock.

It expects to fund about $2.5 billion of investments this year. That capital project backlog provides it with visible growth for the next few years. Midstream energy company Enterprise Products Partners has a long and impressive track record of boosting its payouts. Our proven model predicts an earnings beat for Enterprise Products this time around.

To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. Enterprise Products Partners L.P.’s market cap currently stands at around $57.55 billion, with investors looking forward to this quarter’s earnings report slated for May 02, 2023. The company has a Forward Dividend ratio of 1.96, with its dividend yield at 7.36%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

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Specifically, they have bought $300,542.00 in company stock and sold $0.00 in company stock. MarketBeat has tracked 17 news articles for Enterprise Products Partners this week, compared to 6 articles on an average week. Enterprise Products Partners has only been the subject of 4 research reports in the past 90 days. Trash brokerage is blocking EPD but allows plenty of meme stocks …

This indicates that Enterprise Products Partners will be able to sustain or increase its dividend. Throughout any company’s journey, business leaders must take stock of company resources and leverage the tools at their disposal to make the most out of who or what is available. All values as of most recently reported quarter unless otherwise noted. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

On average, they predict the company’s stock price to reach $30.92 in the next twelve months. This suggests a possible upside of 17.7% from the stock’s current price. View analysts price targets for EPD or view top-rated stocks among Wall Street analysts. Is a diverse and fully integrated mid-stream energy company operating in North America. It was founded in 1968 by Dan Duncan and two partners as a wholesaler of natural gas liquids. By 1972 it had completed the construction of its first pipelines, and by 1973 it was starting to make acquisitions.

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The technique has proven to be very useful for finding positive surprises. Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employe… High-yield dividend stocks are always worth investigating to make sure the payout is worth the risk.

This is a higher mbs mortgage backed securities definition example sentiment than the 0.44 average news sentiment score of Oils/Energy companies. Enterprise Products Partners has received a consensus rating of Buy. The company’s average rating score is 2.92, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. Dividend yield shows how much a company pays its shareholders in dividends annually per dollar invested.

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

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Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. Amid heightened volatility, it would be wise for investors to keep an eye on midstream stocks like Enterprise Products Partners , Kinder Morgan, Inc. and MPLX . Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP. Companies that habitually boost their dividends have, as a class, historically delivered superior total returns to those that don’t. Recent stocks from this report have soared up to +178.7% in 3 months – this month’s picks could be even better.

The combination of a positiveEarnings ESPand a Zacks Rank #1 , 2 or 3 increases the odds of an earnings beat. Free Report) is set to report first-quarter 2023 results on May 2, before the opening bell. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Take your analysis to the next level with our full suite of features, known and used by millions throughout the trading world. SELL EPD STOCKVery clear uptrend breakout signaling a good sell setup in EPD stock, wait for New york open to see how the volume goes.

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Over the next few years and decades, the company steadily added new operations that either expanded then-current operations or added new revenue streams for the business. Enterprise Products Partners will be looking to display strength as it nears its next earnings release, which is expected to be May 2, 2023. On that day, Enterprise Products Partners is projected to report earnings of $0.61 per share, which would represent year-over-year growth of 1.67%. Our most recent consensus estimate is calling for quarterly revenue of $13.88 billion, up 6.74% from the year-ago period. Enterprise Products Partners saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 12,990,000 shares, a drop of 12.1% from the March 31st total of 14,770,000 shares.