Enterprise GP (EPE) Issues Earnings Results

Enterprise GP (NYSE:EPE) posted its earnings results on Thursday. The energy producer reported ($0.13) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.13), Fidelity Earnings reports. The business had revenue of $273.00 million during 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%.

Shares of NYSE EPE traded down $0.02 during midday trading on Friday, hitting $0.53. 640,171 shares of the company’s stock were exchanged, compared to its average volume of 708,438. Enterprise GP has a 12-month low of $0.52 and a 12-month high of $3.50. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 13.55. The firm has a market capitalization of $159.31 million, a price-to-earnings ratio of -1.36 and a beta of 3.05.

A number of research analysts have weighed in on the company. ValuEngine raised Enterprise GP from a “hold” rating to a “buy” rating in a 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $2.38.

An institutional investor recently raised its position in Enterprise GP stock. Geode Capital Management LLC lifted its holdings in shares of Enterprise GP Holdings L.P. (NYSE:EPE) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 430,867 shares of the energy producer’s stock after purchasing an additional 16,821 shares during the quarter. Geode Capital Management LLC owned 0.17% of Enterprise GP worth $301,000 at the end of the most recent quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

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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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