Extremely significant negative changes in Enterprise Products Partners LP (NYSE: EPD) investment behavior have recently occurred: negative upside/downside volume developed, and its shorter term price trend turned down.
Important negative changes in Enterprise Products Partners LP (NYSE: EPD) fundamentals have recently occurred: the stock’s power rating fell below 50, and significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
EPD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Enterprise Products Partners has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Enterprise Products Partners has a neutral Appreciation Score of 56 and a neutral Power Rating of 44, triggering the Neutral Value Trend Rating.
Recent Price Action
On 5/24/24, Enterprise Products Partners LP (NYSE: EPD) stock was unchanged 0.0%, closing at $28.21. However, below average trading volume at 81% of normal accompanied the flat performance. The stock has declined -1.4% during the last week and has performed in line with the market over the last nine months.
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