Enterprise GP (EPE) Hits New 12-Month Low at $0.50

Enterprise GP Holdings L.P. (NYSE:EPE) hit a new 52-week low on Friday . The stock traded as low as $0.50 and last traded at $0.50, with a volume of 14702 shares traded. The stock had previously closed at $0.55.

Several equities research analysts have weighed in on EPE shares. ValuEngine raised Enterprise GP from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research raised Enterprise GP from a “sell” rating to a “hold” rating in a report on Friday, February 15th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $2.38.

The firm has a market cap of $126.07 million, a P/E ratio of -1.26 and a beta of 3.05. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 13.55.

Enterprise GP (NYSE:EPE) last issued its quarterly earnings results on Thursday, March 14th. The energy producer reported ($0.13) EPS for the quarter, meeting analysts’ consensus estimates of ($0.13). The company had revenue of $273.00 million for the quarter, compared to analyst estimates of $289.06 million. Enterprise GP had a negative return on equity of 12.75% and a negative net margin of 14.59%. On average, research analysts anticipate that Enterprise GP Holdings L.P. will post -0.24 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its holdings in Enterprise GP by 36.6% during the fourth quarter. Rhumbline Advisers now owns 62,447 shares of the energy producer’s stock worth $44,000 after acquiring an additional 16,730 shares during the period. Cpwm LLC acquired a new position in Enterprise GP during the third quarter worth about $289,000. Geode Capital Management LLC grew its holdings in Enterprise GP by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 430,867 shares of the energy producer’s stock worth $301,000 after acquiring an additional 16,821 shares during the period. Paloma Partners Management Co grew its holdings in Enterprise GP by 120.7% during the fourth quarter. Paloma Partners Management Co now owns 1,379,200 shares of the energy producer’s stock worth $966,000 after acquiring an additional 754,199 shares during the period. Finally, Marshall Wace LLP acquired a new position in Enterprise GP during the third quarter worth about $1,038,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

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Enterprise GP Company Profile (NYSE:EPE)

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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