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

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Enterprise GP Holdings L.P. (NYSE:EPE) hit a new 52-week low during trading 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 commented on EPE shares. Zacks Investment Research lowered shares of Enterprise GP from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. ValuEngine upgraded shares of Enterprise GP from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target 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 stock 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 released its quarterly earnings data 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 business had revenue of $273.00 million for the quarter, compared to analyst estimates of $289.06 million. Analysts expect that Enterprise GP Holdings L.P. will post -0.24 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its holdings in Enterprise GP by 36.6% in the 4th quarter. Rhumbline Advisers now owns 62,447 shares of the energy producer’s stock valued at $44,000 after purchasing an additional 16,730 shares in the last quarter. Geode Capital Management LLC increased its position in Enterprise GP by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 430,867 shares of the energy producer’s stock worth $301,000 after purchasing an additional 16,821 shares in the last quarter. Cpwm LLC acquired a new stake in Enterprise GP during the 3rd quarter worth approximately $289,000. Paloma Partners Management Co boosted its holdings in Enterprise GP by 131.3% in the 3rd quarter. Paloma Partners Management Co now owns 625,001 shares of the energy producer’s stock worth $1,462,000 after acquiring an additional 354,788 shares during the period. Finally, Marshall Wace LLP purchased a new position in Enterprise GP in the 3rd quarter worth approximately $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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