It’s Not Over Yet For Enterprise Products Partners L P (NYSE: EPD)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Enterprise Provides Update on 2023 K-1 Availability.

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Stocks Info

Enterprise Products Partners L P is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $27.43 and fluctuated between $27.51 as its day high and $27.20 as its day low. The current market capitalization of Enterprise Products Partners L P is $59.57B. A total of 5.86 million shares were traded on the day, compared to an average of 4.87M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, EPD 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 4 BUYs and 0 SELLs from insiders. Insiders purchased 75,935 shares during that period but sold 0.

In the most recent transaction, TEAGUE AJ bought 2,410 shares of EPD for 26.17 per share on Dec 19. After the transaction, the Co-Chief Executive Officer now owns 6,060 company shares. In a previous transaction on Nov 09, Rutherford John R bought 10,000 shares at 25.96 per share. EPD shares that Director owns now total 137,423.

Among the insiders who bought shares, Montgomery William C acquired of 50,000 shares on Aug 04 at a per-share price of $26.60. This resulted in the Director holding 114,758 shares of EPD after the transaction. In another insider transaction, TEAGUE AJ bought 11,950 shares at $25.15 per share on Mar 20. Company shares held by the Co-Chief Executive Officer now total 2,491,895.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Enterprise Products Partners L P pays an annual dividend of $2.00, resulting in a dividend yield of 7.31%, and it has a price to earnings (P/E) ratio of 10.89. EPD’s most recent ex-dividend date was 1/30/2024 when it declared a $0.5150 quarterly dividend that was paid in cash on 2/14/2024. Previously, the company paid the dividend on 11/14/2023 with an ex-dividend date of 10/30/2023. The EPD stock dividend was $0.50 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for EPD in the last 3 months, the mean price target is $31.99 with high estimates of $36.00 and low estimates of $29.00. In terms of 52-week highs and lows, EPD has a high of $27.95 and a low of $24.66.

As of this writing, EPD has an earnings estimate of $0.68 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.73 per share and a lower estimate of $0.66. The company reported an EPS of $0.6 in the last quarter, which was -4.80% lower than expectations of $0.63.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. EPD’s latest balance sheet shows that the firm has $2.82B in Cash & Short Term Investments as of fiscal 2021. There were $29.87B in debt and $11.62B in liabilities at the time. Its Book Value Per Share was $12.50, while its Total Shareholder’s Equity was $26.44B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 EPD is Buy with a score of 4.63.

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