EPD Stock Summary and Trading Ideas (Enterprise Prods Partners | NYSE:EPD)

Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.

Enterprise Prods Partners trades on the NYSE stock market under the symbol EPD.

As of April 24, 2024, EPD stock price climbed to $29.05 with 4,373,032 million shares trading.

EPD has a beta of 0.19, meaning it tends to be less sensitive to market movements. EPD has a correlation of 0.05 to the broad based SPY ETF.

EPD has a market cap of $63.09 billion. This is considered a Large Cap stock.

Last quarter Enterprise Prods Partners reported $15 billion in Revenue and $.72 earnings per share. This beat revenue expectation by $2 billion and exceeded earnings estimates by $.04.

In the last 3 years, EPD stock traded as high as $29.99 and as low as $20.42.

The top ETF exchange traded funds that EPD belongs to (by Net Assets): AMLP, MLPA, EMLP, AMZA, MLPX.

EPD stock has underperformed the market in the last year with a return of +15.8%, while SPY returned +24.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EPD shares. However, EPD has outperformed the market in the last 3 month and 2 week periods, returning +9.0% and -0.3%, while SPY returned +4.5% and -1.7%, respectively. This indicates EPD has been having a stronger performance recently.

EPD support price is $28.67 and resistance is $29.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EPD stock will trade within this expected range on the day.