Enterprise Products Partners LP (NYSE: EPD) has reported E.P.S. of $0.64 for its second fiscal quarter (ending June 30) versus $0.57 for the same period a year ago. E.P.S. were $2.62 for the latest four quarters through June 30 versus $2.48 for the same period a year ago.
Recent Price Action
On 7/30/24, Enterprise Products Partners LP (NYSE: EPD) stock declined slightly by -0.5%, closing at $29.56. Moreover, trading volume in this decline was exceptionally high at 289% of normal. Relative to the market the stock has been strong over the last nine months but has declined -1.4% 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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Enterprise Products Partners has a neutral Power Rating of 54 and a neutral Appreciation Score of 55, producing 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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