EPD stock: buy or sell
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 setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $23.26 | $20.93 | 10.00% |
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
| Brokerage firm | Rating |
|---|---|
| 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
Supports and resistances
The current resistance levels are:
The current support levels are:
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
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
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
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.
| Brokerage firm | Price 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 $0.61.
Enterprise Products Partners performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Enterprise Products Partners ($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 onlyEPD summary
| Friday, May 14th, 2021 | |
|---|---|
| Open | $23.86 |
| Close | $23.89 |
| Day range | $23.76 - $24.13 |
| Previous close | $23.61 |
| Session gain | 1.19% |
| Average true range | $0.52 |
| 50d mov avg | $22.63 |
| 100d mov avg | $21.65 |
| 200d mov avg | $19.30 |
| Earnings date | July 28th, 2021 |