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Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know

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In the latest trading session, Enterprise Products Partners (EPD - Free Report) closed at $23.56, marking a +0.68% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.14%. Elsewhere, the Dow lost 0.45%, while the tech-heavy Nasdaq lost 0.02%.

Coming into today, shares of the provider of midstream energy services had gained 9.29% in the past month. In that same time, the Oils-Energy sector gained 4.11%, while the S&P 500 lost 0.13%.

Enterprise Products Partners will be looking to display strength as it nears its next earnings release, which is expected to be February 1, 2022. In that report, analysts expect Enterprise Products Partners to post earnings of $0.55 per share. This would mark year-over-year growth of 7.84%. Meanwhile, our latest consensus estimate is calling for revenue of $11.31 billion, up 60.54% from the prior-year quarter.

Investors should also note any recent changes to analyst estimates for Enterprise Products Partners. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.06% higher. Enterprise Products Partners currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Enterprise Products Partners has a Forward P/E ratio of 10.73 right now. Its industry sports an average Forward P/E of 9.56, so we one might conclude that Enterprise Products Partners is trading at a premium comparatively.

The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 240, putting it in the bottom 6% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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