Enterprise Products Partners L P’s recently made public that its CO-CHIEF EXECUTIVE OFFICER TEAGUE AJ acquired Company’s shares for reported $0.12 million on Aug 27 ’24. In the deal valued at $29.35 per share,4,180 shares were bought. As a result of this transaction, TEAGUE AJ now holds 74,911 shares worth roughly $2.51 million.
Scotiabank initiated its Enterprise Products Partners L P [EPD] rating to a Sector perform in a research note published on January 10, 2025; the price target was $33. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Peer perform”. Wells Fargo also remained covering EPD and has decreased its forecast on December 18, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating.
Price Performance Review of EPD
On Monday, Enterprise Products Partners L P [NYSE:EPD] saw its stock fall -0.36% to $33.45. Over the last five days, the stock has lost -0.36%. Enterprise Products Partners L P shares have risen nearly 6.66% since the year began. Nevertheless, the stocks have risen 23.34% over the past one year. While a 52-week high of $34.63 was reached on 01/22/25, a 52-week low of $26.12 was recorded on 01/02/25. SMA at 50 days reached $32.25, while 200 days put it at $29.81.
Levels Of Support And Resistance For EPD Stock
The 24-hour chart illustrates a support level at 33.00, which if violated will result in even more drops to 32.56. On the upside, there is a resistance level at 33.83. A further resistance level may holdings at 34.22. The Relative Strength Index (RSI) on the 14-day chart is 61.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.73%. Stochastics %K at 67.20% indicates the stock is a holding.
How much short interest is there in Enterprise Products Partners L P?
A steep rise in short interest was recorded in Enterprise Products Partners L P stocks on 2024-12-31, dropping by -1.39 million shares to a total of 21.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 22.93 million shares. There was a decline of -6.46%, which implies that there is a negative sentiment for the stock.
