Analysts predict that Enterprise GP Holdings L.P. (NYSE:EPE) will report $318.47 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Enterprise GP’s earnings, with the lowest sales estimate coming in at $297.30 million and the highest estimate coming in at $331.00 million. Enterprise GP reported sales of $224.00 million during the same quarter last year, which indicates a positive year over year growth rate of 42.2%. The firm is expected to announce its next earnings results on Wednesday, February 27th.
On average, analysts expect that Enterprise GP will report full year sales of $1.23 billion for the current fiscal year, with estimates ranging from $1.16 billion to $1.30 billion. For the next year, analysts anticipate that the business will report sales of $1.31 billion, with estimates ranging from $1.19 billion to $1.36 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Enterprise GP.
Enterprise GP (NYSE:EPE) last released its quarterly earnings results on Wednesday, November 7th. The energy producer reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $338.00 million for the quarter, compared to the consensus estimate of $322.15 million. Enterprise GP had a negative return on equity of 12.75% and a negative net margin of 14.59%.
Several research firms have recently issued reports on EPE. BMO Capital Markets reiterated a “hold” rating and set a $2.00 price target on shares of Enterprise GP in a research note on Tuesday, November 13th. KLR Group reiterated a “hold” rating and set a $3.00 price target on shares of Enterprise GP in a research note on Monday, August 20th. Finally, Zacks Investment Research downgraded Enterprise GP from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.68.
In other Enterprise GP news, insider Chad D. England bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The stock was purchased at an average price of $1.77 per share, for a total transaction of $88,500.00. Following the purchase, the insider now directly owns 150,943 shares in the company, valued at $267,169.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Cpwm LLC bought a new stake in Enterprise GP during the 3rd quarter valued at approximately $289,000. Marshall Wace LLP bought a new stake in Enterprise GP during the 3rd quarter valued at approximately $1,038,000. Finally, Paloma Partners Management Co boosted its stake in Enterprise GP by 131.3% during the 3rd quarter. Paloma Partners Management Co now owns 625,001 shares of the energy producer’s stock valued at $1,462,000 after purchasing an additional 354,788 shares during the period. Hedge funds and other institutional investors own 64.29% of the company’s stock.
EPE opened at $0.98 on Friday. The stock has a market cap of $280.03 million, a PE ratio of -2.52 and a beta of 3.41. Enterprise GP has a 52-week low of $0.98 and a 52-week high of $3.50. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 13.55.
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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