Enterprise GP (EPE) Trading Down 11.3%


Enterprise GP Holdings L.P. (NYSE:EPE) shares were down 11.3% during trading on Thursday . The stock traded as low as $0.55 and last traded at $0.55. Approximately 1,759,902 shares were traded during mid-day trading, an increase of 148% from the average daily volume of 708,436 shares. The stock had previously closed at $0.62.

Several research analysts recently commented on EPE shares. ValuEngine raised shares of Enterprise GP from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research raised shares of Enterprise GP from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Enterprise GP has an average rating of “Hold” and a consensus target price of $2.38.

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

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

A number of large investors have recently added to or reduced their stakes in EPE. Rhumbline Advisers boosted its holdings in Enterprise GP by 36.6% in the fourth quarter. Rhumbline Advisers now owns 62,447 shares of the energy producer’s stock valued at $44,000 after acquiring an additional 16,730 shares in the last quarter. Cpwm LLC bought a new stake in Enterprise GP in the third quarter valued at $289,000. Geode Capital Management LLC boosted its holdings in Enterprise GP by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 430,867 shares of the energy producer’s stock valued at $301,000 after acquiring an additional 16,821 shares in the last quarter. Paloma Partners Management Co boosted its holdings in Enterprise GP by 120.7% in the fourth quarter. Paloma Partners Management Co now owns 1,379,200 shares of the energy producer’s stock valued at $966,000 after acquiring an additional 754,199 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Enterprise GP in the third quarter valued at $1,038,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

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About Enterprise GP (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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