Enterprise GP (NYSE:EPE) posted its quarterly earnings data on Thursday. The energy producer reported ($0.13) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.13), Fidelity Earnings reports. Enterprise GP had a negative net margin of 14.59% and a negative return on equity of 12.75%. The business had revenue of $273.00 million during the quarter, compared to analysts’ expectations of $289.06 million.
Shares of EPE stock traded down $0.02 on Friday, reaching $0.53. The company had a trading volume of 640,171 shares, compared to its average volume of 708,438. The stock has a market capitalization of $159.31 million, a P/E ratio of -1.36 and a beta of 3.05. The company has a current ratio of 0.56, a quick ratio of 0.53 and a debt-to-equity ratio of 13.55. Enterprise GP has a one year low of $0.52 and a one year high of $3.50.
An institutional investor recently raised its position in Enterprise GP stock. Geode Capital Management LLC raised its stake in shares of Enterprise GP Holdings L.P. (NYSE:EPE) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 430,867 shares of the energy producer’s stock after acquiring an additional 16,821 shares during the period. Geode Capital Management LLC owned about 0.17% of Enterprise GP worth $301,000 as of its most recent SEC filing. Institutional investors own 64.33% of the company’s stock.
Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Enterprise GP from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research raised shares of 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. Enterprise GP has a consensus rating of “Hold” and a consensus price target of $2.38.
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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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