With 1 sell/buy ratio, Enterprise Products Partners L.P. (NYSE:EPD) experienced more insider buying than insider selling over the last three months. Could this be a sign for outside investors to start buying as well? EPD recorded 3 sales on the open market in the last three months. They sold nearly 8,027,419 shares while purchases amounted to 8,055,005 shares that period. Looking even further back to 12 months, corporate insiders offloaded 48,240,711 shares when buyers snapped up 48,247,510 shares. The 12-month’s totals signify about a 1-to-1 sell/buy ratio.
Teague Aj gathered a total of 10 thousand shares of Enterprise Products Partners L.P. (EPD) at average share price of $24.36. This insider trade in the company took place on 12/31/2018. The total for the purchase was set at $243.6 thousand. After this transaction, the CEO account balance stood at 1.75 million shares. The stock grew 10.96 percent since that insider purchase. On 12/20/2018, Teague Aj, CEO, purchased 10 thousand shares at a price per share of $24.61. This added 246.1 thousand shares to the insider’s fortune and the stock saw a 9.83 percent rally in value since the news became public. This transaction left 1.74 million shares in the CEO account.
On 12/19/2018, Director Barth Carin Marcy performed a purchase transaction worth $250 thousand. This purchase at $25 each has added 10 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 8.12 percent increase since the transaction was reported. The insider now is left with 41.34 thousand shares remaining in the account. Teague Aj, who performs the CEO job, bought 15.01 thousand shares for $394.93 thousand. The acquisition occurred on 11/14/2018 was priced at $26.32 per share. The share price soared 2.7 percent since the reporting date. Teague Aj now left with a stake of 1.73 million EPD stock worth $46.71 million after the insider buying.
The 12-month median price target for Enterprise Products Partners L.P. (EPD) assigned by the analysts stands at $33, which represents a return potential of 22.09 percent when compared to the closing price of the stock of $27.03 on Friday, January 11. The lowest price target for the stock is $27 — slightly more than -0.11 percent from EPD’s current share price. The stock will probably climb 22.97 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $39-month high price target. This represents a whopping 44.28 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 58.69 on daily chart, which may remain a cause for concern. If the price breaks below $26.7 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $27.21 mark may result into a pull-back move towards $27.38 level. The stock is currently hovering around the first support level of $26.87. Below this, the next support is placed in the zone of $26.7. Till the time, the EPD stock trades above this level, bulls have nothing to fear.
Shares of Enterprise Products Partners L.P. (EPD) are trading at a P/E ratio of 23.31 times earnings reported for the past 12 months. The industry EPD operates in has an average P/E of 45.29. Its P/E ratio went as low as 18.48X and as high as 27.18 over the 5-year span. Further, it is sporting a 1.65 on the Price-to-Sales ratio. Compare this with the industry average P/S of 3.09. 18.8 percent is the gross profit margin for Enterprise Products Partners L.P. and operating margin sits at 13.7 percent. Along with this, the net profit margin is 10.2 percent.
On 11th of January, Enterprise Products Partners L.P. (NYSE:EPD) shares ended lower after a volatile session. The shares dropped -0.06 points or -0.22 percent at $27.03 with a light trade volume of 6.095 million shares. After opening the session at $27, the shares went as high as $27.22 and as low as $26.88, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $59.1 billion and now has 2.19 billion shares outstanding. Enterprise Products Partners L.P. (EPD) stock has gained 4.04 percent of market value in 21 trading days.
EPD stock has a trailing 3-year beta of 0.9, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $1.67 a share in the trailing twelve months. The stock’s value has surged 9.92 percent year to date (YTD) against a decline of -3.12 percent in 12 month’s time. The company’s shares still trade -10.05 percent away from its 1-year high of $30.05 and 18.9 percent up from 52-week low of $22.73. The average consensus rating on the company is 1.6, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.