LAY PIPE with Enterprise Product Partners (EPD)
Posted: Apr 02, 2024
- Post discusses Enterprise Product Partners (EPD), a midstream energy company involved in transportation, storage, and processing of natural gas, crude oil, and petrochemicals - Company owns over 50,000 miles of pipeline - Financials show that revenue increased 7.12% year-over-year, has a ROA of 2.16%, and a debt-to-equity ratio of 1.05 - Concerns include net margin and ROE being below industry averages - US oil industry expect to continue booming - Analyst price targets for EPD range from $31.00 to $36.00 - Post author purchased 12x 1/16/26 $35 calls and sees stock reaching $35 before 2026
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