EPD Enterprise Products Partners L P. Stock Price & News

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. Enterprise Products Partners’ stock was trading at $24.12 at the start of the year. Since then, EPD stock has increased by 6.8% and is now trading at $25.77.

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NYSE: OKE

Results from Oracle are due after the close, but it jumped ahead of the report following a bullish analyst call. The stock is on track to rise 12 consecutive days, roaring more than 35% over this period, according to Dow Jones Market Data. That makes it Tesla’s longest win streak and the best 12-day stretch since February 2023, when it made a 36.3% run. Microsoft stock was up 0.8% amid The Wall Street Journal reported that the Federal Trade Commission is going to move to block its mooted acquisition of video game giant Activision Blizzard (ATVI).

Cruise stocks rose across the board on Monday after JPMorgan Chase upgraded Carnival to an overweight rating as cruising momentum grows. Before that, consumer price index data due Tuesday will also be watched given its connection to inflation. “We don’t necessarily believe that there’s no more hikes in the cards, but we do think it’s a 50/50 chance of another hike happening in this cycle,” Kremer said. “All else equal, [the CPI report] could be a short-term tailwind as markets continue to grind higher.” Markets have come to expect that the Fed will skip another rate increase at this week’s meeting, with traders pricing in a 74% chance that there will be no hike, according to the CME Group’s FedWatch tool. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.

Enterprise Products Partners (EPD) Stock Forecast, Price & News

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• The Swiss government has agreed to cover losses of up to 9 billion Swiss francs ($10 billion) beyond an initial 5 billion Swiss francs UBS must shoulder as part of the deal, as it absorbs the more risk-heavy business.
• Global central bank meetings will be under the spotlight this week, including the U.S.
• All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns.
• “We respectfully disagree due to our 2023 earnings forecast. Ironically, a Fed pause may awaken the bear tactically just as liquidity headwinds ramp up.”
• Petrochemical & Refined Products Services segment includes its propylene production facilities, butane isomerization complex, and other.

On average, they predict the company’s stock price to reach $31.00 in the next twelve months. This suggests a possible upside of 20.3% from the stock’s current price. View analysts price targets for EPD or view top-rated stocks among Wall Street analysts. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.

How to buy EPD stock on Public

The EBITDA is a measure of a Enterprise Products Partners’s overall financial performance and is widely used to measure a its profitability. If a brand is a referral partner, we’re paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company.

Sunoco LP, however, belongs to the Oil and Gas – Refining and Marketing – Master Limited Partnerships industry. Another Oils-Energy stock, which has outperformed the sector so far this year, is Sunoco LP (SUN). Reuben Gregg Brewer has no position in any of the stocks mentioned. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Here’s a closer look at what makes this MLP such an excellent income opportunity.

Oil companies cut production, bracing for ‘lower for longer’ crude prices

On Monday, Japan’s producer price index and China’s new yuan loans are scheduled to be released. Indonesia’s consumer confidence, Malaysia’s retail sales and India’s industrial production and inflation rates will be published as well. However, the sources also told Reuters that an upgrade in its inflation view, should it happen, is “unlikely to automatically trigger an interest rate hike.”

Separately, China’s Securities Daily cited economists expecting the central bank to take monetary easing measures by cutting the medium-term lending facility rate by 5 to 10 basis points on Thursday. The economists added there would be room for the reserve requirement ratio in the third quarter of this year. Analyst Hamza Fodderwala upgraded shares to overweight from equal weight.

RATIOS/PROFITABILITY

“Petrobras remains as an undervalued stock generating substantial” free cash flow, wrote analysts led by Rodolfo Angele. The stock sells for 2.5x EV/EBITDA based on 2023 estimates with a free cash flow https://forexarticles.net/tokenexus-review-what-you-need-to-know/ yield of 27%, while global oil majors sell for 4.8x and 14%, respectively. That low volume underscores the typical calm-before-the-storm period seen early in weeks with a Fed meeting on the docket.

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In turn, slowing deposits could hamper bank stocks’ recent recovery. “A re-acceleration of deposit outflows would end the current intra-quarter bank stock bounce,” Graseck added. The bank’s fixed income team is calling for $1.364 trillion of net T-bill issuance over the rest of 2023, with $1 trillion of that amount issued over the next four months.

Piper Sandler highlights its top technology stocks

There are multiple ways to fund your Public account—from linking a bank account to making a deposit with a debit card or wire transfer. “If it goes up I’ll short some more,” Miller said in the video, where he also said the EV behemoth “is now losing market share.” Technology and consumer discretionary were the top performers. The increase in the producer price index was the slowest rate in since July 2021, and lower than estimates from economists polled by Reuters that forecast a rise of 5.5%. Japan’s wholesale prices rose 5.1% in May from the previous year, slightly lower than the 5.8% recorded in April. He reiterated his confidence in the economy reaching the government-set full-year growth target of about 5%.

There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Plus, EPD info will be updated daily in your Zacks.com Portfolio Tracker – also free. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Enterprise Products Partners and its competitors with MarketBeat’s FREE daily newsletter. Operates in 4 primary segments that are NGL Pipeline & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services and Petrochemical and Refined Products/Services. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.