EPD stock: buy or sell

EPD stock price: $23.89 1.19% At close on May 14th, 2021

Updated on:
May 17th, 2021

2

EPD stock brief

  • Counting last Friday, it's been 3 consecutive sessions in positive for Enterprise Products Partners. Price closed last Friday at $23.89 after moving up a 1.19%.
  • The price is currently higher than the upper Bollinger band, which usually indicates a near-term correction
  • Last Wednesday broke out above its latest top at $23.26
  • Price is drawing a scaled uptrend since September 2020 with higher tops and higher bottoms. This rally marked a 71.62% gain. Last Wednesday Enterprise Products Partners broke out above $23.26 giving an entry point
  • Wells Fargo & Company posted a buy rating for Enterprise Products Partners last Thursday, with a target of $28.00
  • Enterprise Products Partners made public its financial report on May 3
  • Enterprise Products Partners L. P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products.

Should I buy Enterprise Products Partners stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $EPD stock a buy?

Currently, Enterprise Products Partners stock matches one trading strategy:

Uptrend buy setup

Enterprise Products Partners stock continues to trend higher since in September 2020 and marked a gorgeous 71.62% gain. Price marked a pull back in this uptrend at $21.51 last March, and since then it bounced off a 11.06%. Price just broke out above the entry point at $23.26, but it's still eligible. If price goes beyond $24.42, don't chase the price and wait for another opportunity. If you decide to enter this trade, the suggested stop loss is at $20.93

Buy setupBuy pointStop lossRisk
Uptrend buy setup$23.26$20.9310.00%

Should I sell Enterprise Products Partners stock?

When you are a novel trader and you own a stock with some profit, it's really difficult to decide the correct moment to sell and get your profits. Trading strategies prevent us from making impetuous decisions based on our personal moods or the buzz surrounding the market. Our trading system selects very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups should not be used for shorting Enterprise Products Partners stock

A guiding principle is that you must never hold a trading operation that results in higher than expected losses upon the buy. The timing to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Enterprise Products Partners stock?

In the current situation of Enterprise Products Partners there is not any eligible sell setup, so Enterprise Products Partners stock holders with operations in green can keep their positions

Enterprise Products Partners ratings

In the last 30 days, just one rating was published for Enterprise Products Partners

Enterprise Products Partners analysts' ratings - Last month
Brokerage firmRating
May 13th, 2021
Wells Fargo & Company Buy

Enterprise Products Partners stock analysis

Enterprise Products Partners stock started an uptrend in September 2020, and gained a gorgeous 71.62%. During this uptrend, the price provided some buy points on the breakouts. Latest pullback was last March, when price bounced at $21.51. Enterprise Products Partners broke out above $23.26 (its last top) last Wednesday. That breakout was a good entry point

SMAs overview

EPD stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $23.89 (0.00% above)
  • R2: $23.95 (0.25% above)
  • R3: $23.97 (0.33% above)
  • The current support levels are:

  • S1: $23.88 (-0.04% below)
  • S2: $23.78 (-0.46% below)
  • S3: $23.77 (-0.50% below)
  • Bollinger bands

    Price levels both above or below the Bollinger Bands tell us that the price has has trended strongly to extreme highs or lows. In this case, the price is over the upper band, meaning a short-term adjustment (at least) until it is below the band

    EPD stock Bollinger Bands chart

    Relative strength index

    Crossed over the 70 level last Friday, marking a reading of 70.42. Climbing above the overbought zone is not a bearish signal, as shares can climb during several weeks being above the level of 70

    EPD stock RSI chart

    Enterprise Products Partners stock price history

    Enterprise Products Partners started trading priced at an adjusted price1 of $1.22 on Jul 1998. Since then, EPD stock has risen by 1,858.20%, with an average of 84.46% per year. If you had invested $1,000USD in Enterprise Products Partners stock on Jul 1998, it would be valued $19,581.97 today.

    1: Adjusted price after possible price splits or reverse-splits

    EPD stock price history chart

    Price target for Enterprise Products Partners stock

    Nobody can predict how much a stock will be priced tomorrow. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price predictions released by brokerage institutions for the last 30 days. If you are a small trader you shouldn't buy or sell based on these predictions.

    There is just one price target issued for Enterprise Products Partners that predicts a price of $28.00.

    Enterprise Products Partners stock price predictions
    Brokerage firmPrice target
    May 13th, 2021
    Wells Fargo & Company $27.00$28.00

    Earnings and financials

    On May 3, Enterprise Products Partners L.P. ($EPD) posted adjusted EPS for that strongly surpassed analysts' expectations. Quarterly EPS was $0.61 per share instead of $0.48. This Q1 report means an earnings surprise of 27.08%. Company's turnover was $9.2 billion versus $7.2 billion estimated by analysts.

    This compares to Earnings of $0.61 per share same quarter last year, so posted EPS is 0.00%. Looking at revenues, figures exploded a 22.36% compared to $74.8B same quarter last year.

    EPD ($EPD) is hosting the Q2 earnings call next July. Wall Street forecasts of $0.50, compared to previous quarter that made $0.61.

    Enterprise Products Partners performance

    EPD performance compared
    Company1m3m6m
    Enterprise Products Partners ($EPD) 5.50% 10.70% 36.70%

    Important:
    The viewpoints contained in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not know the specific conditions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for educative motives only

    EPD summary

    Friday, May 14th, 2021
    Open$23.86
    Close$23.89
    Day range$23.76 - $24.13
    Previous close$23.61
    Session gain1.19%
    Average true range$0.52
    50d mov avg$22.63
    100d mov avg$21.65
    200d mov avg$19.30
    Earnings dateJuly 28th, 2021

    Frequently asked questions

    What is Enterprise Products Partners stock symbol?

    Enterprise Products Partners L.P. is a public company trading in the US stock market with the EPD symbol

    Is Enterprise Products Partners stock a buy or sell?

    Enterprise Products Partners had one rating in the last 30 days Read the article to get additional tips on trading EPD stock.

    Will EPD go up?

    Enterprise Products Partners had different price predictions published by analysts in the last month setting the target price to $28.00. That is a 17.20% than the current price ($23.89).