Brokerages expect that Enterprise GP Holdings L.P. (NYSE:EPE) will announce ($0.13) earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Enterprise GP’s earnings. The highest EPS estimate is ($0.07) and the lowest is ($0.18). Enterprise GP posted earnings per share of ($0.07) in the same quarter last year, which would indicate a negative year over year growth rate of 85.7%. The company is expected to report its next earnings report on Wednesday, February 27th.
On average, analysts expect that Enterprise GP will report full year earnings of ($0.21) per share for the current fiscal year, with EPS estimates ranging from ($0.28) to ($0.10). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.64) per share, with EPS estimates ranging from ($1.02) to ($0.11). Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Enterprise GP.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Enterprise GP from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $2.00 price objective on shares of Enterprise GP in a research report on Tuesday, November 13th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Enterprise GP presently has an average rating of “Hold” and an average price target of $2.32.
NYSE EPE opened at $0.73 on Thursday. Enterprise GP has a 12 month low of $0.62 and a 12 month high of $3.50. The firm has a market capitalization of $182.23 million, a PE ratio of -1.87 and a beta of 3.15. The company has a debt-to-equity ratio of 13.55, a quick ratio of 0.53 and a current ratio of 0.56.
Several hedge funds and other institutional investors have recently bought and sold shares of EPE. Rhumbline Advisers raised its stake in shares of Enterprise GP by 36.6% in the fourth quarter. Rhumbline Advisers now owns 62,447 shares of the energy producer’s stock worth $44,000 after buying an additional 16,730 shares during the period. Cpwm LLC bought a new position in shares of Enterprise GP in the third quarter worth about $289,000. Geode Capital Management LLC raised its stake in shares of Enterprise GP by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 430,867 shares of the energy producer’s stock worth $301,000 after buying an additional 16,821 shares during the period. Marshall Wace LLP bought a new position in shares of Enterprise GP in the third quarter worth about $1,038,000. Finally, Paloma Partners Management Co raised its stake in shares of Enterprise GP by 131.3% in the third quarter. Paloma Partners Management Co now owns 625,001 shares of the energy producer’s stock worth $1,462,000 after buying an additional 354,788 shares during the period. 64.34% of the stock is currently owned by hedge funds and other 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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