Enterprise GP (EPE) Posts Quarterly Earnings Results, Hits Estimates

Enterprise GP (NYSE:EPE) released its earnings results on Thursday. The energy producer reported ($0.13) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.13), Fidelity Earnings reports. The business had revenue of $273.00 million during the quarter, compared to the consensus estimate of $289.06 million. Enterprise GP had a negative net margin of 14.59% and a negative return on equity of 12.75%.

Shares of NYSE:EPE traded up $0.01 during midday trading on Friday, reaching $0.55. 4,520 shares of the company’s stock traded hands, compared to its average volume of 708,438. The company has a market cap of $159.31 million, a P/E ratio of -1.38 and a beta of 3.05. The company has a debt-to-equity ratio of 13.55, a current ratio of 0.56 and a quick ratio of 0.53. Enterprise GP has a one year low of $0.52 and a one year high of $3.50.

A hedge fund recently raised its stake in Enterprise GP stock. Geode Capital Management LLC raised its position in Enterprise GP Holdings L.P. (NYSE:EPE) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 430,867 shares of the energy producer’s stock after acquiring an additional 16,821 shares during the quarter. Geode Capital Management LLC owned approximately 0.17% of Enterprise GP worth $301,000 at the end of the most recent quarter. 64.33% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on the company. Zacks Investment Research cut Enterprise GP from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. ValuEngine raised Enterprise GP from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $2.38.

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Enterprise GP Company Profile

EP Energy Corporation, an independent exploration and production company, engages in the exploration for and the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States. The company has interests in three primary areas, such as the Permian basin in West Texas; the Eagle Ford Shale in South Texas; and the Altamont Field in the Uinta basin in Northeastern Utah.

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Earnings History for Enterprise GP (NYSE:EPE)

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