Enterprise Products Partners L.P. (EPD): From Top to Bottom

Enterprise Products Partners L.P. (EPD) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $28.13, down from yesterday’s close by -0.28%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Enterprise Products Partners L.P. (EPD) currently trades with a market capitalization of $60.03 Billion. That value represents a market adjusting for revenues that have been growing by 27.02 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $1.43 Billion over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Enterprise Products Partners L.P. recorded a 52-week high of $29.04. It is now trading 0.91% off that level. The stock is trading $25.95 its 50-day moving average by -2.18%. The stock carved out a 52-week low down at $22.73.

In recent action, Enterprise Products Partners L.P. (EPD) has made a move of +5.55% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 15.08, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 0.75% with $1.45 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of EPD.

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