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.
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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