Enterprise Products Partners L.P. (NYSE:EPD) has tumbled 1.7% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.28% in the last four weeks. The stocks have underperformed the S&P 500 by 0.52% during the past week but Enterprise Products Partners L.P. (NYSE:EPD) it has outperformed the index in 4 weeks by 0.35%.
Enterprise Products Partners L.P. (NYSE:EPD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.00 and $27.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.72, notching a gain of 0.04% for the day. The total traded volume was 4,656,987 . The stock had closed at $27.71 on the previous day.
The company shares have dropped -10.12% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $31.63 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.20 and the 200 Day Moving Average price is recorded at $24.69.
On the companys insider trading activities, Williams Randa Duncan, director 10% owner of Enterprise Products Partners L P, executed a transaction worth $240,000 on March 8, 2016. A total of 10,000 shares were purchased at an average price of $24. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Bernstein initiates coverage on Enterprise Products Partners L.P. (NYSE:EPD).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Bernstein announces the price target of $33 per share. The rating by the firm was issued on May 11, 2016. Currently the company Insiders own 37.5% of Enterprise Products Partners L.P. shares according to the proxy statements. Institutional Investors own 34.4% of Enterprise Products Partners L.P. shares. During last six month period, the net percent change held by insiders has seen a change of 21.15%.
Enterprise Products Partners L.P. is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products. The Company operates in five segments: NGL Pipelines & Services segment includes its natural gas processing plants and related NGL marketing activities; Onshore Natural Gas Pipelines & Services segment includes approximately 19,300 miles of onshore natural gas pipeline systems; Onshore Crude Oil Pipelines & Services segment includes approximately 5,400 miles of onshore crude oil pipelines, crude oil storage terminals; Offshore Pipelines & Services segment serves drilling and development regions, including deepwater production fields and Petrochemical & Refined Products Services segment includes propylene fractionation and related operations, including approximately 680 miles of pipelines. Its asset portfolio includes 24 natural gas processing plants and 22 NGL and propylene fractionators.