Icahn Enterprises L P (NASDAQ: IEP): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Icahn Enterprises L.P. Announces Closing of $500 Million Senior Notes Offering and Additional $200 Million Senior Notes Offering.

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Stocks Info

IEP belongs to the Energy sector of the NASDAQ while operating in the Oil & Gas Refining & Marketing industry. The current market capitalization of Icahn Enterprises L P is $7.28B. A total of 0.66 million shares were traded on the day, compared to an average of 849.63K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, IEP has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 3 BUYs and 1 SELLs from insiders. Insiders purchased 50,821,480 shares during that period but sold 29,206.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. IEP’s most recent ex-dividend date was 11/16/2023 when it declared a $1.00 quarterly dividend that was paid in cash on 12/27/2023. Previously, the company paid the dividend on 9/27/2023 with an ex-dividend date of 8/17/2023. The IEP stock dividend was $1.00 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for IEP in the last 3 months, the mean price target is $26.00 with high estimates of $26.00 and low estimates of $26.00. In terms of 52-week highs and lows, IEP has a high of $54.48 and a low of $15.00.

As of this writing, IEP has an earnings estimate of $Icahn Enterprises L.P. – Deposi per share for the current quarter. EPS was calculated based on a consensus of Pepsico, Inc. estimates, with a high estimate of $American Electric Power Company per share and a lower estimate of $NextEra Energy Partners, LP.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. IEP’s latest balance sheet shows that the firm has $11.47B in Cash & Short Term Investments as of fiscal 2021. There were $7.69B in debt and $4.22B in liabilities at the time. Its Book Value Per Share was $10.25, while its Total Shareholder’s Equity was $9.34B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IEP is Buy with a score of 5.00.

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