MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Sell Call-Option of EPD, best agriculture stocks Strike price of $47.00, expiration date of Nov 17, 2023. Sell Call-Option of EPD, Strike price of $25.00, expiration date of Nov 17, 2023.

• Their EPD share price forecasts range from $27.00 to $33.00.
• By 1972 it had completed the construction of its first pipelines, and by 1973 it was starting to make acquisitions.
• Operations are also served by a fleet of 255 tanker trucks.
• Compare
  EPD’s historical performance
  against its industry peers and the overall market.
• There are currently 3 hold ratings and 6 buy ratings for the stock.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.

Quotes & News

U.S. hydrocarbons remain badly needed to support countries who live in energy poverty, and to support our closest friends or allies in Europe who are in energy crisis. Shares of energy pipeline companies were broadly higher Monday, in the aftermath of the Forex scalping strategy ransomware attack on Colonial Pipeline, even as crude oil futures reversed earlier gains to trade lower. The biggest knock against Enterprise Products Partners is that climate change concerns are driving a shift from fossil fuels to renewable energy.

By comparison, the S&P 500 trades at roughly 18.8x forward earnings. Enterprise is also cheaper than the overall energy sector, which currently has a forward earnings multiple of 12x. The S&P 500’s best oil etf performance in 2023 has made its valuation relatively expensive by several metrics. In particular, the S&P 500 cyclically adjusted price-to-earnings (CAPE) ratio is in historically high territory.

Enterprise Products Partners was ranked 89th on the 2022 Fortune 500 and is well known as a dividend grower. The company began paying a dividend in 1998 and has increased it yearly. Enterprise Products Partners  Investors can benefit from the dividend reinvestment plan by registering as an owner of record. I have more than 14 years of investment experience, and an MBA in Finance.

Company Summary

Based on an average daily trading volume, of 3,960,000 shares, the short-interest ratio is presently 3.9 days. Approximately 1.1% of the shares of the company are short sold. The company boasts a strong balance sheet with a leverage ratio of 3x and liquidity of around $4 billion. Its credit rating ranks as the highest in the midstream energy industry. A beta lower than one means the stock is less volatile than the S&P500. The average beta of JEPI holdings is less than 0.75, which is fairly conservative compared to the S&P500.

Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Valuation doesn’t appear to be a problem for Enterprise Products Partners, though. Its shares still trade at a forward earnings multiple of only 10.2x.

First Dividend Play: Enterprise Products Partners L.P. (EPD)

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. Enterprise Products Partners’ stock was trading at $24.12 on January 1st, 2023. Since then, EPD stock has increased by 13.5% and is now trading at $27.37.

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This includes 3.9 million common units that were repurchased on the open market during Q3 for approximately $95 million, and brings the YTD total repurchases to 5.3 million total common units. This equates to $10.1 million in annual savings from not having to pay distributions on these repurchased units. We at Enterprise have been emphatic that it’s going to take all of the above in order to meet the world’s growing energy needs. Enterprise Products Partners (issues Schedule K-1) holds valuable energy midstream and processing infrastructure across the U.S. It holds a dominant position in the NGL market and is one of the few companies to be able to capture value across the full hydrocarbon value chain. This position was further boosted by its recent acquisition of Navitas Midstream, giving EPD a strong presence in the Permian Basin.

Dirt-Cheap High-Yield Dividend Stock to Buy Hand Over Fist

Enterprise Products Partners’s most recent quarterly dividend payment of $0.50 per share was made to shareholders on Monday, August 14, 2023. EPD’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Zacks Earnings ESP (Expected Surprise Prediction) 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.

This ultra-high-yield dividend stock just hit its 52-week high and is still a bargain buy. The first part is for passive investors, where you would own these securities outright for roughly a 7.5% income yield. Enterprise Products Partners saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 15,320,000 shares, a decline of 7.5% from the August 15th total of 16,560,000 shares.

Great Dividend Picks With 7% Plus Yields, Income Boost To 15% With Options

A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.

Their EPD share price forecasts range from $27.00 to $33.00. On average, they predict the company’s stock price to reach $30.70 in the next year. This suggests a possible upside of 12.2% from the stock’s current price. View analysts price targets for EPD or view top-rated stocks among Wall Street analysts. 9 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Enterprise Products Partners in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock.