Enterprise Products Partners LP (NYSE: EPD) has reported earnings for its third fiscal quarter (ending September 30) of $0.65 versus $0.60 for the same period a year ago — an increase of 8%. For the latest four quarters through September 30, E.P.S. were $2.67 versus $2.46 for the same period a year ago — an increase of 9%.
Recent Price Action
Enterprise Products Partners LP (NYSE: EPD) stock declined slightly by -0.1% on 10/29/24. The stock closed at $29.10. Moreover, trading volume in this decline was unusually high at 176% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
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 58 and a neutral Power Rating of 49, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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