Shares of Enterprise Products Partners have moved 0.7% Monday, and are now trading at a price of $26.54. In contrast, the S&P 500 index saw a 0.0% change. Today's trading volume is 1,650,267 compared to the stock's average volume of 4,157,813.
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. The company is now trading -17.76% away from its average analyst target price of $32.27 per share. The 19 analysts following the stock have set target prices ranging from $29.1 to $37.0, and on average give Enterprise Products Partners a rating of buy.
The stock's 52 week high is $27.36 per share whereas its 52 week low is $22.9. With its gross margins declining a compounded average of -9.9% over the last 4 years, Enterprise Products Partners may not have a strong enough business to maintain this trend.
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-12-31 | 58,186,000 | 51,502,000 | 11.49 | -18.16 |
| 2021-12-31 | 40,806,900 | 35,077,300 | 14.04 | -20.9 |
| 2020-12-31 | 27,199,700 | 22,371,100 | 17.75 | 1.6 |
| 2019-12-31 | 32,789,200 | 27,061,800 | 17.47 | n/a |
