Brokerages Anticipate Enterprise GP Holdings L.P. common stock (EPE) Will Announce Earnings of $0.05 Per Share

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Analysts expect Enterprise GP Holdings L.P. common stock (NYSE:EPE) to post $0.05 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have issued estimates for Enterprise GP Holdings L.P. common stock’s earnings. The lowest EPS estimate is ($0.02) and the highest is $0.10. Enterprise GP Holdings L.P. common stock posted earnings per share of ($0.12) during the same quarter last year, which suggests a positive year over year growth rate of 141.7%. The business is expected to report its next earnings results on Wednesday, November 7th.

On average, analysts expect that Enterprise GP Holdings L.P. common stock will report full-year earnings of ($0.01) per share for the current fiscal year, with EPS estimates ranging from ($0.20) to $0.20. For the next fiscal year, analysts forecast that the company will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.33) to $0.19. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Enterprise GP Holdings L.P. common stock.

Enterprise GP Holdings L.P. common stock (NYSE:EPE) last announced its earnings results on Thursday, August 9th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $329.00 million for the quarter, compared to the consensus estimate of $318.46 million. Enterprise GP Holdings L.P. common stock had a negative net margin of 18.51% and a negative return on equity of 15.78%.

Several brokerages recently issued reports on EPE. KLR Group lowered shares of Enterprise GP Holdings L.P. common stock from a “buy” rating to a “hold” rating and set a $3.00 target price for the company. in a research report on Monday, May 14th. ValuEngine lowered shares of Enterprise GP Holdings L.P. common stock from a “buy” rating to a “hold” rating in a research report on Friday, June 15th. Stifel Nicolaus set a $3.00 price target on shares of Enterprise GP Holdings L.P. common stock and gave the stock a “hold” rating in a research report on Monday, April 23rd. Finally, Zacks Investment Research upgraded shares of Enterprise GP Holdings L.P. common stock from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $2.61.

In related news, major shareholder Apollo Investment Fund Vii L. P sold 857,161 shares of the company’s stock in a transaction on Friday, July 20th. The shares were sold at an average price of $2.34, for a total transaction of $2,005,756.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Apollo Investment Fund Vii L. P sold 514,216 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $1.83, for a total transaction of $941,015.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,411,571 shares of company stock valued at $17,828,081. Company insiders own 0.39% of the company’s stock.

Several large investors have recently modified their holdings of EPE. Barclays PLC boosted its position in shares of Enterprise GP Holdings L.P. common stock by 95.8% during the first quarter. Barclays PLC now owns 78,710 shares of the energy producer’s stock worth $106,000 after acquiring an additional 38,504 shares during the last quarter. A.R.T. Advisors LLC boosted its position in shares of Enterprise GP Holdings L.P. common stock by 55.6% during the first quarter. A.R.T. Advisors LLC now owns 117,653 shares of the energy producer’s stock worth $157,000 after acquiring an additional 42,060 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Enterprise GP Holdings L.P. common stock by 30.1% during the first quarter. California Public Employees Retirement System now owns 186,592 shares of the energy producer’s stock worth $250,000 after acquiring an additional 43,217 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Enterprise GP Holdings L.P. common stock by 181.4% during the fourth quarter. Deutsche Bank AG now owns 107,821 shares of the energy producer’s stock worth $254,000 after acquiring an additional 69,509 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Enterprise GP Holdings L.P. common stock by 162.3% during the fourth quarter. Millennium Management LLC now owns 118,026 shares of the energy producer’s stock worth $279,000 after acquiring an additional 73,026 shares during the last quarter. Hedge funds and other institutional investors own 68.33% of the company’s stock.

Enterprise GP Holdings L.P. common stock traded down $0.15, hitting $1.69, during trading hours on Friday, according to MarketBeat. 2,033,599 shares of the company’s stock traded hands, compared to its average volume of 1,491,867. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 10.01. The firm has a market capitalization of $462.51 million, a price-to-earnings ratio of -4.33 and a beta of 3.78. Enterprise GP Holdings L.P. common stock has a 52 week low of $1.26 and a 52 week high of $3.54.

Enterprise GP Holdings L.P. common stock 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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Earnings History and Estimates for Enterprise GP Holdings L.P.  common stock (NYSE:EPE)

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