Shares of Enterprise Products Partners L.P. (EPD) Sees Large Inflow of Net Money Flow

Enterprise Products Partners L.P. (EPD) : $14.95 million worth of transactions were on upticks in Enterprise Products Partners L.P. (EPD), compared to $10.75 million on downticks. The ratio between the two was 1.39, whereas, the net money flow stood at a healthy $4.2 million on Fridays session.The block trades show a bullish bias with only $1.25 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $4.97million worth of trades. The up-down ratio between the uptick and downtick was 3.97, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $3.72 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.07%. The stock was trading at $29.37, with a drop of $0.02 over the previous days close. The stock recorded -0.03% for the week.


Enterprise Products Partners L.P. (EPD) : The consensus price target for Enterprise Products Partners L.P. (EPD) is $33.17 for the short term with a standard deviation of $3.35. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $44, however, the pessimist price target for the company is $29.

Enterprise Products Partners L.P. (NYSE:EPD): stock turned positive on Friday. Though the stock opened at $29.3, the bulls momentum made the stock top out at $29.59 level for the day. The stock recorded a low of $29.2 and closed the trading day at $29.52, in the green by 0.44%. The total traded volume for the day was 3,046,400. The stock had closed at $29.39 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director 10% owner of Enterprise Products Partners L P, Williams Randa Duncan had purchased shares worth of $240,000 in a transaction dated on March 8, 2016. A total of 10,000 shares were purchased at a price of $24 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.