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Will 1Q18 Earnings Support Enterprise Products Partners Stock?

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Dec. 4 2020, Updated 10:52 a.m. ET

Enterprise Products Partners in 2018

So far, Enterprise Products Partners (EPD) stock has risen ~1% in 2018. The stock has outperformed the Alerian MLP ETF (AMLP), which has fallen 7% YTD (year-to-date). Kinder Morgan (KMI) has fallen 13% YTD, while Plains All American Pipeline (PAA) has risen 18% YTD. Crude oil prices have risen ~14% YTD. To learn more about how key MLP indicators are trending, read How Key Indicators for Energy MLPs Are Trending. Read Will US Crude Oil Prices Hit $70 per Barrel in the Coming Weeks? to learn more about the latest factors impacting crude oil prices.

The above graph compares the performance of Enterprise Products Partners stock with Plains All American Pipeline, Kinder Morgan, and AMLP in 2018.

As the above graph shows, a recovery in crude oil prices hasn’t fully translated into a recovery for midstream energy companies.

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Moving averages

Enterprise Products Partners stock crossed above its 50-day moving average on April 11. Since then, the stock has been trading above this average. The stock crossed above its 200-day moving average on April 16.

Currently, Enterprise Products is trading 7% above its 50-day moving average and 4% above its 200-day moving average. The stock could gain more strength if its 50-day average crosses above its 200-day moving average. If Enterprise Products Partners reports strong results for 1Q18, the strength might be reflected in its stock price.

Next, we’ll discuss Wall Street analysts’ recommendations for Enterprise Products Partners.

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