Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Enterprise Products Partners L P shares valued at $122,681 were purchased by TEAGUE AJ on Aug 27 ’24. At $29.35 per share, TEAGUE AJ acquired 4,180 shares. The insider’s holdings grew to 74,911 shares worth approximately $2.55 million following the completion of this transaction.
As published in their initiating research note from Scotiabank on January 10, 2025, Enterprise Products Partners L P [EPD] has been a Sector perform and the price target has been revised to $33. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early January. As of December 18, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for EPD.
Analyzing EPD Stock Performance
During the last five days, there has been a surge of approximately 1.10%. Over the course of the year, Enterprise Products Partners L P shares have jumped approximately 8.55%. Shares of the company reached a 52-week high of $34.49 on 01/22/25 and a 52-week low of $31.46 on 01/02/25. A 50-day SMA is recorded $32.45, while a 200-day SMA reached $29.88. Nevertheless, trading volume fell to 9.82 million shares from 5.25 million shares the previous day.
Support And Resistance Levels for Enterprise Products Partners L P (EPD)
According to the 24-hour chart, there is a support level at 33.76, which, if violated, would cause prices to drop to 33.49. In the upper region, resistance lies at 34.23. The next price resistance is at 34.43. RSI (Relative Strength Index) is 66.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 18.29%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
