Enterprise GP (EPE) Issues Quarterly Earnings Results

Enterprise GP (NYSE:EPE) issued its quarterly earnings results on Wednesday. The energy producer reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02), Fidelity Earnings reports. The business had revenue of $338.00 million during the quarter, compared to analysts’ expectations of $322.15 million. Enterprise GP had a negative net margin of 18.51% and a negative return on equity of 16.50%.

Shares of Enterprise GP stock traded down $0.23 during trading on Thursday, hitting $1.64. 696,784 shares of the stock were exchanged, compared to its average volume of 840,615. The stock has a market cap of $473.37 million, a P/E ratio of -4.21 and a beta of 3.50. Enterprise GP has a 12-month low of $1.26 and a 12-month high of $3.50. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 12.09.

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus set a $3.00 price objective on shares of Enterprise GP and gave the stock a “hold” rating in a research report on Thursday, July 19th. Zacks Investment Research raised shares of Enterprise GP from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a research report on Wednesday, August 8th. Finally, KLR Group reaffirmed a “hold” rating and set a $3.00 price objective on shares of Enterprise GP in a research report on Monday, August 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $2.75.

In related news, major shareholder Apollo Investment Fund Vii L. P sold 613,553 shares of Enterprise GP stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $1.53, for a total transaction of $938,736.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Apollo Investment Fund Vii L. P sold 723,393 shares of Enterprise GP stock in a transaction on Monday, August 27th. The stock was sold at an average price of $1.74, for a total transaction of $1,258,703.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 115,000 shares of company stock valued at $203,400 and have sold 4,269,779 shares valued at $6,964,175. 0.39% of the stock is currently owned by insiders.

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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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